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The Labor government has taken control of a steel-making plot in Scumthorpe, with full nationalisation

on the cards.

I want to be clear that a transfer of ownership to the state remains on the table.

And it may well, at this stage, given the behaviour of the company, be the likely option.

No, it's not 1951 or 1967 for that matter.

It's 2025.

And after an extraordinary week for British politics and for the town of Scunthorpe,

Britain's last virgin steelmaking plant has been saved for now.

The best way to describe it is euphoric.

We haven't for a long time had intervention that's

come before the disaster. It's a monumental shift. So what happens next? For the people of Scunthorpe

and for British Steel? And what does it mean for our national security? I'm Kieran Stacey,

in for John Harris, and you're listening to Politics Weekly UK for The Guardian.

It's hard to convey just how significant the collapse of a big industry can be for an area.

...