Sunday, 13 April 2025

Preference?

Jonathan Reynolds says that a Chinese company should never have been brought into the British steel industry, but cannot explain the acceptability of such involvement in, for example, the British nuclear power industry. Well to the right of Reform UK, Reynolds wants a private sector buyer for British Steel, but if it did "have to be" nationalised, then that would be strictly as a temporary measure.

Any company directors who approved the purchase of British Steel would be in breach of their fiduciary duties. But if Reynolds managed to find any, then what we were witnessing now would be nothing more than an unusually and unduly convoluted corporate bailout. And one good turn would deserve another. Reynolds is still only 44.

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