Iron and Steel Corporation of Great Britain


Iron and Steel Corporation of Great Britain

The Iron and Steel Corporation of Great Britain was a nationalised industry, set up in 1949 by Clement Attlee's Labour government.

Nationalisation took effect in 1951 but was strongly resisted by the Conservative opposition. On returning to power, they instructed the Corporation to make no change to the structure of the industry and made plans instead for its return to the private sector.

The Corporation was superseded by the Iron and Steel Holding and Realisation Agency. The Agency succeeded in selling all of the nationalised companies with the exception of the largest, Richard Thomas and Baldwins. This remained in public ownership and was absorbed into the British Steel Corporation when the industry was re-nationalised by the government of Harold Wilson in 1967.

ources

* Whitaker's Almanack (various dates)

External links

* [http://www.time.com/time/magazine/article/0,9171,858212-1,00.html "Time" article on denationalisation]


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