The Iron and Steel Corporation of Great Britain was a nationalised industry, set up in 1949 by Clement Attlee's Labour government. The Iron & Steel Act 1949 took effect on 15 February 1951, the Corporation becoming the sole shareholder of 80 of the principal iron and steel companies (reduced from the 107 proposed in the first draft of the Bill). The model differed from previous nationalisations in that it was the share capital of the companies that was acquired, not their undertakings. The reason was that companies in the iron & steel industry had wide-ranging ancillary activities, from which the core business of iron & steel making could not easily be extracted. Firms whose chief activity consisted in the manufacture of motor vehicles were specifically excluded from the scheme. Companies
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| - Iron and Steel Corporation of Great Britain (de)
- Iron and Steel Corporation of Great Britain (en)
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| - Die Iron and Steel Corporation of Great Britain war eine von 1948 bis 1953 bestehende staatliche Holdinggesellschaft in Großbritannien. Geschäftszweck war die Verwaltung der unter der Labour-Regierung von Premierminister Clement Attlee 1951 verstaatlichten Unternehmen der Eisen- und Stahlindustrie. (de)
- The Iron and Steel Corporation of Great Britain was a nationalised industry, set up in 1949 by Clement Attlee's Labour government. The Iron & Steel Act 1949 took effect on 15 February 1951, the Corporation becoming the sole shareholder of 80 of the principal iron and steel companies (reduced from the 107 proposed in the first draft of the Bill). The model differed from previous nationalisations in that it was the share capital of the companies that was acquired, not their undertakings. The reason was that companies in the iron & steel industry had wide-ranging ancillary activities, from which the core business of iron & steel making could not easily be extracted. Firms whose chief activity consisted in the manufacture of motor vehicles were specifically excluded from the scheme. Companies (en)
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| - Die Iron and Steel Corporation of Great Britain war eine von 1948 bis 1953 bestehende staatliche Holdinggesellschaft in Großbritannien. Geschäftszweck war die Verwaltung der unter der Labour-Regierung von Premierminister Clement Attlee 1951 verstaatlichten Unternehmen der Eisen- und Stahlindustrie. Die Corporation wurde 1948 auf der gesetzlichen Grundlage des „Iron and Steel Act von 1948“ gebildet, um die Verwaltung von insgesamt 107 Unternehmen zu übernehmen, die 1950/51 nationalisiert werden sollten. Da 15 dieser Firmen bereits vor dem Stichtag des 15. Februar 1951 aus der Liste der zu verstaatlichenden Unternehmen gelöscht worden waren, sei es aufgrund von Übernahmen, Zusammenschlüssen oder Konkursen, waren es schließlich 92, die unter dem Dach der Holding zusammengefasst wurden. Nachdem die Labour Party bei der Unterhauswahl im Oktober 1951 ihre Mehrheit im House of Commons verloren und die Conservative Party die Regierung übernommen hatte, wurde die Verstaatlichung der Stahlindustrie wieder rückgängig gemacht. Der „Iron and Steel Act von 1953“ postulierte die Bildung der Iron and Steel Holding and Rationalization Agency, die die erst zwei Jahre zuvor verstaatlichten Betriebe wieder privatisieren sollte. Die Iron and Steel Corporation of Great Britain verlor damit ihre Daseinsberechtigung und wurde am 13. August 1953 liquidiert. (de)
- The Iron and Steel Corporation of Great Britain was a nationalised industry, set up in 1949 by Clement Attlee's Labour government. The Iron & Steel Act 1949 took effect on 15 February 1951, the Corporation becoming the sole shareholder of 80 of the principal iron and steel companies (reduced from the 107 proposed in the first draft of the Bill). The model differed from previous nationalisations in that it was the share capital of the companies that was acquired, not their undertakings. The reason was that companies in the iron & steel industry had wide-ranging ancillary activities, from which the core business of iron & steel making could not easily be extracted. Firms whose chief activity consisted in the manufacture of motor vehicles were specifically excluded from the scheme. Companies not qualifying for acquisition were to require a licence if producing more than 5,000 tons of ore or other products. Some 2,000 iron & steel companies remained in business outside the nationalised sector. Nationalisation of steel production 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 Labour government of Harold Wilson in 1967. (en)
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