Parliament is being recalled to discuss the future of British Steel in Scunthorpe.
MPs are being summoned back from Easter recess to Westminster, and will sit from 11am on Saturday, the House of Commons confirmed.
The news comes as the government has been actively considering nationalising British Steel after Jingye, its owner in Scunthorpe, cancelled future orders for the iron ore, coal and other raw materials needed to keep the furnaces running.
That led to fears the Scunthorpe plant, the last blast furnaces left operating in Britain, could be forced to close as early as next month.
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More than half of British Steel’s 3,500-strong workforce is being put at risk amid the impasse over a government funding package for the UK’s second-biggest steel producer.
It is understood that during the Saturday sitting, MPs will debate the uncertain future of British Steel’s Scunthorpe plant.
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Politicians had left Westminster for their Easter break on Tuesday and were not due to return until Tuesday 22 April.
The last time parliament was recalled was on 18 August 2021 to debate the situation in Afghanistan.
This will be the 35th recall during a recess since 1948.
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The House of Commons said Speaker Sir Lindsay Hoyle has granted a request from the government for parliament to be recalled at 11am on Saturday 12 April “to take forward legislative proposals to ensure the continued operation of British Steel blast furnaces is safeguarded”.
In a letter to MPs, Sir Lindsay said he was satisfied the “public interest” requires the recall.
It is understood the House of Lords will also be recalled.
The British Steel plant in Scunthorpe has the UK’s last operating blast furnaces.
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The government has been in negotiations with both British Steel and Jingye throughout the week with talks continuing on Friday.
This morning, Chancellor Rachel Reeves said that “all options remain on the table” in terms of saving British Steel.
Sir Keir Starmer had used the same line the day before, adding that demand for steel was “likely to go up, not down, which is why it’s very important to do everything we can”.
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There have been calls from Reform for the company to be nationalised – though the Conservatives have said a “commercial solution” should be found instead.
Business and Trade Secretary Jonathan Reynolds and officials met with the chief executives of Jingye and British Steel on Wednesday for discussions on steelmaking in Scunthorpe.
A statement released after the meeting said: “Both sides welcomed continued cooperation in talks to find a way forward.
“The UK government thanked Jingye for their respect for the workforce during this process, and work continues at pace to find a resolution.”