What the choosing beggars want, however, is getting ARM back from Softbank for free. After Softbank paid 32bn$ for it. And there you are right, ain't gonna happen.
I'm not so sure UK politicians would know what to do with a complicated tech company.
The answer is leave it the f___ alone. Why do people think politicians need to do anything?
Because we live in a world where governments use their power to prop up certain companies, giving them a competitive advantage.
If they're serious about it, they could buy it to IPO it later.