In one of Keir Starmer's final acts as prime minister British Steel has been brought into public ownership he says to protect 'the future of steel production' in the UK, in particular at the Scunthorpe steelworks.

The UK Parliament passed the Steel Industry (Nationalisation) Bill, bringing British Steel back under public ownership. Here's what it means for markets and

The move comes following a breakdown in talks with the company's previous owners

British Steel was previously owned by the Chinese company Jingye