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The [[Labour Party (UK)|Labour Party]] came to power at the [[1945 United Kingdom general election|1945 general election]], pledging to bring several industries into [[state ownership]]. In 1946, it put the first steel development plan into practice with the aim of increasing capacity. It passed the [[Iron and Steel Corporation of Great Britain|Iron and Steel Act 1949]], which meant nationalisation of the industry, as the government bought out the shareholders, and created the [[Iron and Steel Corporation of Great Britain]]. American [[Marshall Plan]] aid in 1948–50 reinforced modernisation efforts and provided funding for them. However, the nationalisation was reversed by the [[Conservative Party (UK)|Conservative]] government after 1952. |
The [[Labour Party (UK)|Labour Party]] came to power at the [[1945 United Kingdom general election|1945 general election]], pledging to bring several industries into [[state ownership]]. In 1946, it put the first steel development plan into practice with the aim of increasing capacity. It passed the [[Iron and Steel Corporation of Great Britain|Iron and Steel Act 1949]], which meant nationalisation of the industry, as the government bought out the shareholders, and created the [[Iron and Steel Corporation of Great Britain]]. American [[Marshall Plan]] aid in 1948–50 reinforced modernisation efforts and provided funding for them. However, the nationalisation was reversed by the [[Conservative Party (UK)|Conservative]] government after 1952. |
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The industry was re-nationalised in 1967 under another Labour government, becoming British Steel Corporation (BSC). But by then, |
The industry was re-nationalised in 1967 under another Labour government, becoming British Steel Corporation (BSC). But by then, twenty years of political manipulation had left companies, such as British Steel, with serious problems: a complacency with existing equipment, plants operating below full capacity (hence the low efficiency), poor-quality assets, outdated technology, government price controls, higher coal and oil costs, lack of funds for capital improvement, and increasing competition on the world market. |
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By the 1970s, the Labour government's main goal for the declining industry was to keep employment high. Since British Steel was a major employer in depressed regions, it was decided to keep many mills and facilities operating at a loss. In the 1980s, Conservative Prime Minister [[Margaret Thatcher]] re-privatised BSC as British Steel. Under private control, the company dramatically cut its workforce and underwent a radical reorganisation and massive capital investment to again become competitive in the world marketplace.<ref name="Blair">{{cite journal |last=Blair |first=Alasdair M. |title=The British iron and steel industry since 1945 |journal=Journal of European Economic History| issue=3 |date=Winter 1997|volume=26 |pages= 571–81}}</ref> |
By the 1970s, the Labour government's main goal for the declining industry was to keep employment high. Since British Steel was a major employer in depressed regions, it was decided to keep many mills and facilities operating at a loss. In the 1980s, Conservative Prime Minister [[Margaret Thatcher]] re-privatised BSC as British Steel. Under private control, the company dramatically cut its workforce and underwent a radical reorganisation and massive capital investment to again become competitive in the world marketplace.<ref name="Blair">{{cite journal |last=Blair |first=Alasdair M. |title=The British iron and steel industry since 1945 |journal=Journal of European Economic History| issue=3 |date=Winter 1997|volume=26 |pages= 571–81}}</ref> |
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Greek: Ά ά Έ έ Ή ή Ί ί Ό ό Ύ ύ Ώ ώ Α α Β β Γ γ Δ δ Ε ε Ζ ζ Η η Θ θ Ι ι Κ κ Λ λ Μ μ Ν ν Ξ ξ Ο ο Π π Ρ ρ Σ σ ς Τ τ Υ υ Φ φ Χ χ Ψ ψ Ω ω {{Polytonic|}}
Cyrillic: А а Б б В в Г г Ґ ґ Ѓ ѓ Д д Ђ ђ Е е Ё ё Є є Ж ж З з Ѕ ѕ И и І і Ї ї Й й Ј ј К к Ќ ќ Л л Љ љ М м Н н Њ њ О о П п Р р С с Т т Ћ ћ У у Ў ў Ф ф Х х Ц ц Ч ч Џ џ Ш ш Щ щ Ъ ъ Ы ы Ь ь Э э Ю ю Я я ́
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