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Steel Strategy
I thank the right hon. Gentleman for his comments. I believe we have had representation from Stannah, the stairlift company based in his constituency. It is important to say that the Government take action like this reluctantly, but ultimately there are distortions in the market around steel. The EU taking action itself would lead to the UK becoming a dumping ground for cheap steel flooding in from overseas. We have taken a very carefully balanced approach and consulted carefully with the indust
Thu 21 May
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Steel Strategy
I thank my hon. Friend for raising issues with businesses in Stourbridge when we met earlier this week; I am happy to continue to work with her. The measures we have introduced, which are primarily to protect the UK steel industry, are targeted at steels that are made or can be made in the UK. There are sometimes difficulties where a product code covers multiple steel grades, but that is what the quota system is intended to deal with, and of course there will be a review in 12 months’ time.
Thu 21 May
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Steel Strategy
I do indeed agree. The £100 million investment in 7 Steel UK is welcome news, but I met the owners of the business, and they told me that they were able to release that investment only because of the confidence they had in the Government’s approach following the publication of our steel strategy. That is a direct correlation between Government action and £100 million-worth of investment in Cardiff. I know that my hon. Friend has been a strong advocate of the steel industry. There is an opportuni
Thu 21 May
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Steel Strategy
Since publishing our steel strategy on 19 March, we have published provisional product scope and quota volumes for the new steel trade measures; further reduced electricity prices for steel companies from 1 April through our network charging compensation scheme uplift; confirmed that some steel companies will be part of the British industrial competitiveness scheme; announced new transparency requirements on the origin of steel in public procurement; set up a cross-Government working group on sc
Thu 21 May
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Industrial Strategy
The hon. Member raises an extremely important point: Government procurement can, of course, be an important lever for growing our economy. Whereas previous Governments used the fig leaf of being in the EU as an excuse to buy things from overseas simply because they were a penny cheaper, this Government are committed to ensuring that as much as possible of UK taxpayers’ money is spent in the UK. The hon. Member asks what discussions I am having with Cabinet Office colleagues. I am having discussi
Thu 21 May
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Industrial Strategy
Yes, indeed. I engage with the construction industry extremely regularly as the co-chair of the Construction Leadership Council, and skills, along with health and safety, are absolutely at the top of our agenda. The views of the construction industry on the Construction Industry Training Board are discussed there and decided there by the industry.
Thu 21 May
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Industrial Strategy
The hon. Gentleman is right to point out the importance of construction skills. In fact, on a recent visit to a construction skills academy in east London, I had the opportunity to do a bit of tiling myself—that has come in quite handy at home, actually—and to talk to some of the young people, who realise that they are developing skills for life. The Government are incredibly committed to that. The hon. Gentleman may have missed it, but he will be pleased to know that the Government have announc
Thu 21 May
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Industrial Strategy
I commend the hon. Lady for championing the chemicals sector in the House. I am extremely concerned about the sector, including chlorine, because it is vital to the UK economy, as she says. This Government are taking action through our industrial strategy to focus on heavy industry and energy-intensive industries. I might have an opportunity to speak with her later today, if that would be of interest.
Thu 21 May
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Industrial Strategy
My hon. Friend is right that automotive manufacturing is a key part of our advanced manufacturing sector, and she has done a huge amount here in the House to champion the sector in her area nationally. One area we are focusing on is supporting the sector with the development of new technology, such as autonomous vehicles; last week, the Secretary of State signed a memorandum of understanding with Wayve. We are determined that the UK will become Europe’s first market for digital driving services,
Thu 21 May
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Industrial Strategy
At the time that the industrial strategy was established, the Government carefully selected those sectors that had the greatest growth potential for the economy, but we were also extremely clear in communicating that that does not mean that sectors that were not identified as having high growth potential were not important—quite the contrary. Our food manufacturing sector is incredibly important, and the Government are acutely aware of the issues around food prices. I believe that the Chancellor
Thu 21 May
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Industrial Strategy
My hon. Friend knows that when he talks about reindustrialisation and improving the manufacturing base of this economy he finds a very sympathetic ear in me. Certainly, we have all seen over the course of the past few years, through multiple crises, how the resilience of global supply chains has been reduced. Increasing the share of our economy that is dedicated to manufacturing will serve the ecological aims that he has mentioned, improve our national resilience and provide good, well-paid and
Thu 21 May
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Industrial Strategy
We have just heard from the Secretary of State about our active industrial strategy. This question is timely, because we are one year on from setting out our industrial strategy. We have announced our British industrial competitiveness scheme, expanding its scope to support 10,000 businesses with their energy costs, a £500 million sovereign AI fund, and the creation of 19 new technical excellence colleges, giving opportunities for young people across the country.
Thu 21 May
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Steel Industry (Nationalisation) Bill
While the Government are minded to nationalise British Steel, we do not have any other nationalisations in mind. However, we do recognise the importance of the Dalzell plate mill, and I am concerned to ensure that it gets back up and running, and delivers its steel ship plate orders. I thank my hon. Friend for the work that she has been doing in championing that. I thank my hon. Friend the Member for Penistone and Stocksbridge (Dr Tidball)—she is sitting behind me—who has supported me throughout
Thu 21 May
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Steel Industry (Nationalisation) Bill
Yes, the hon. Member is right. There is a gulf there: the Conservatives were in favour of some of the highest industrial energy prices in the world. We have delivered an increase in the supercharger benefit from 60% to 90% and introduced the British industrial competitiveness scheme. Through our investments in chemicals, ceramics and, of course, steel, we are supporting British industry with its operating costs on energy and its capital costs to improve its productivity as well. In steel communi
Thu 21 May
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Steel Industry (Nationalisation) Bill
As I was preparing for today’s debate, it struck me that 60 years ago this summer, this House was debating steel nationalisation and the England team went on to win the world cup. We are back here discussing steel nationalisation again, so I have high hopes for the summer. Sometimes it is informative to learn from the past. Going back to the steel nationalisation of 1966, the Minister of Power opened the debate and said that “there is no manufacturing industry of such basic importance to the Bri
Thu 21 May
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Steel Industry (Nationalisation) Bill
I warmly welcome the Bill and the action that the Government are taking to protect Britain’s steel industry. I congratulate the Minister for Industry on his sterling work to bring this legislation before the House. Steel manufacturing is a strategic national asset; it underpins our infrastructure, transport system, energy, security, defence capability and industrial future. It is too important to be left entirely to the private sector. For many of us who represent industrial communities, this de
Thu 21 May
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Thu 21 May
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Steel Industry (Nationalisation) Bill
What does the shadow Minister make of tilting the balance in favour of communities in Redcar and across Teesside, when his Government sat on their hands and saw the blast furnace go to the wall? Is that his definition of sustainability—to let those businesses and communities collapse?
Thu 21 May
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Middle East: Economic Response
I, too, thank the Chancellor for her statement, and in particular the announcement of the £350 million chemicals resilience fund. As a consequence of the Iran war, energy price rises of 16% and food price rises of up to 7% are predicted by the Bank of England. I very much welcome the Chancellor’s addressing the cost of living crisis, and the steps to help families this summer, including with bus fares for children; that will be welcomed in Middlesbrough and Thornaby East. We will no doubt monito
Thu 21 May