UK Takes Control of British Steel Amid Election Scandal

The UK government has enacted emergency legislation to assume control of British Steel's blast furnaces in Scunthorpe, previously owned by Chinese firm Jingye, amid discussions of potential nationalization. Business Secretary Jonathan Reynolds indicated nationalization is likely, though private investment is preferred for its technological costs. Meanwhile, 15 individuals, including Craig Williams, Rishi Sunak's former aide, have been charged with gambling offences related to bets on the 2024 general election date. The charges were made following a Gambling Commission investigation into the use of confidential information to gain betting advantages. Those involved, linked to the Conservative Party, are set to appear in court, with Williams admitting to placing a bet days before the election announcement. The Metropolitan Police concluded its inquiry without charges, while the Gambling Commission continues its investigation into potential criminal violations.