The full nationalisation of British Steel is expected to be announced in the king’s speech this week, a year after the government took over the daily running of the loss-making business from its Chinese owner. The steelmaker, which employs 3,500 people at its plant in Scunthorpe, came under government control last April amid fears that its owner, Jingye, was planning to shut down the site. British Steel operates the last two remaining blast furnaces in the UK, but its economic control remains with the Chinese company, which bought it out of insolvency in early 2020. An announcement confirming the plans...