‘Won't Rule Out Na­tion­al­i­sa­tion’

The Economic Times - - Companies -

^ Busi­ness sec­re­tary Sa­jid Javid de­clined to rule out a tem­po­rary na­tion­al­i­sa­tion of Tata Steel’s UK op­er­a­tions, while re­it­er­at­ing the gov­ern­ment would pre­fer not to do so. “I don't think na­tion­al­i­sa­tion is a so­lu­tion for this," Javid said. "I also think it wouldn’t be pru­dent to rule any­thing out.” The gov­ern­ment is seek­ing to com­bat a cri­sis in steel in­dus­try af­ter Tata said it's con­sid­er­ing the sale of its UK divi­sion. —Bloomberg

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