Harry Phibbs asks a pointed question in this week's Despatch: if nationalisation has failed before, why are we doing it again? With Parliament recalled for an emergency Saturday sitting to save British Steel, the political consensus was deafening — and expensive. But is this really a matter of national security, or just another costly round of state interference dressed in patriotic clothing? From HS2 to Net Zero, Phibbs argues that consensus is the real danger — and nationalised steel is the latest case in point. Tune in for a sharp-eyed look at Britain’s industrial nostalgia, and why we should all be watching our wallets.

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