Despatch: Steel Trap — Why Nationalisation Won't Work

Harry Phibbs asks a pointed question in this week's Despatch: if nationalisation has failed before, why are we doing it again? With Parliament recalled for an emergency Saturday sitting to save British Steel, the political consensus was deafening — and expensive. But is this really a matter of national security, or just another costly round of state interference dressed in patriotic clothing? From HS2 to Net Zero, Phibbs argues that consensus is the real danger — and nationalised steel is the latest case in point. Tune in for a sharp-eyed look at Britain’s industrial nostalgia, and why we should all be watching our wallets.Stay informed with CapX's unmissable daily briefings from the heart of Westminster. Go to capx.co to subscribe. Hosted on Acast. See acast.com/privacy for more information.