Lord Redwood
Main Page: Lord Redwood (Conservative - Life peer)Department Debates - View all Lord Redwood's debates with the Department for Business and Trade
Steel Tariffs
Lord Redwood Excerpts(1 month, 2 weeks ago)
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Lord Leong (Lab)
I say to the noble Lord that the steel sector is a very important part of our industrial strategy. That is why the Government are taking steps to protect the steel industry. It is not just another commodity; it underpins everything we do, including in the defence, infrastructure, manufacturing and energy sectors. We are intervening to protect our domestic production and we are protecting jobs up and down the country; whether it is in the Midlands or elsewhere, we are doing what is required of a Government to protect jobs.
Lord Redwood (Con)
This is a very large increase in costs for steel processors, so what is the Government’s estimate of the job losses and business losses that are sure to follow such a comprehensive, large increase in a major cost to these businesses?