The full nationalisation of British Steel is set to be announced in the King’s Speech next week, it has been reported. The government saved the nation's steel industry from the brink of collapse by seizing day-to-day control of the business' works in Scunthorpe last year. But economic control of the plant has remained in Chinese hands since, leaving the company in what has been described as "a halfway house" rendering vital modernisation impossible. Business department officials are now