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The Government risked “throwing good money after bad” in its negotiations over the Scunthorpe steelworks, the Chancellor has said. Taking questions about whether ministers would bring the North Lincolnshire steelworks into public ownership, Rachel Reeves pledged that the Government would “play a big role” in its future and insisted that she was 'certain' of bright future for the steelworks. MPs gathered in Westminster last weekend, when Parliament was recalled from recess on a Saturday for the first time since the Falklands War in 1982. They passed the Steel Industry (Special Measures) Act, which gives the Government powers to tell steel companies in England that they must keep facilities open, with criminal penalties for executives if they fail to comply. Daily Record Homepage: https://www.dailyrecord.co.uk/ Daily Record Facebook: / thescottishdailyrecord Daily Record Instagram: / scottishdailyrecord Daily Record Sport Instagram: / dailyrecord_sport Daily Record TikTok: / scottishdailyrecord Daily Record Sport TikTok: / dailyrecord_sport Daily Record Twitter: / daily_record Daily Record Newsletters: https://www.dailyrecord.co.uk/newslet... Join our WhatsApp communities here and get the latest news sent straight to your messages: DAILY RECORD: https://www.dailyrecord.co.uk/news/sc... RECORD SPORT RANGERS: https://www.dailyrecord.co.uk/sport/f... RECORD SPORT CELTIC: https://www.dailyrecord.co.uk/sport/f... You can get all the latest news, sport, showbiz and comment at DailyRecord.co.uk LIKE | COMMENT | SUBSCRIBE | SHARE #DailyRecord #britishsteel #steel