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Business Secretary Peter Kyle announces British Steel will be taken into “public ownership” so the UK is not in the “perilous position” of being “100 percent dependent on overseas supply”. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00If we didn't have primary production here at Scunthorpe for the UK of this high-quality steel,
00:05we would become 100% dependent on overseas supply.
00:10Now, everyone understands that when it comes to critical national infrastructure,
00:14being 100% dependent on overseas supply puts us in a perilous position.
00:19When our economic growth depends on it, when our national resilience depends on it,
00:23do we really want to be in hock to those suppliers from abroad forever?
00:28I've taken the decision that that is not acceptable, which is why I brought this into public ownership,
00:33because not on my watch will this country become so dependent on others when it comes to something so important.
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