British Steel is nationalised, small businesses despair, and Shabana for Chancellor?

The government has brought British Steel under state ownership after the steelmaker’s nationalisation passed a public interest test. Chief Reporter Ali Lyon explains what happens next. Meanwhile, only 1 in 6 small businesses expects to grow over the next year, Craig Beaumont, Executive Director at FSB joins us to tell us why. Plus: Shabana Mahmood now stands an 85% chance of being named the next chancellor of the exchequer according to Polymarket. But, what does the likely next Chancellor think about business and the economy more widely? And remember to VOTE for your favourite City of London hospitality spot here: https://www.cityamevents.co.uk/toast-2026 Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam