Redcar Steelworks Debate

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Lord Beamish

Main Page: Lord Beamish (Labour - Life peer)

Redcar Steelworks

Lord Beamish Excerpts
Thursday 15th October 2015

(9 years, 2 months ago)

Commons Chamber
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Anna Soubry Portrait Anna Soubry
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I very much agree with my hon. Friend. The harsh reality is that all the steel industries in this country are losing huge amounts of money. Some companies are regularly losing £700 million per year. That is the reality, but we are determined not to lose the steel industry in this country, so we now have to find the solutions to save it.

Lord Beamish Portrait Mr Kevan Jones (North Durham) (Lab)
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I do not question the Minister’s efforts, but she has clearly been hung out to dry by the Prime Minister and the Business Secretary. Many small companies in the north-east are affected by this closure. Has the Department drawn up a register of where they are, and what measures will she put in place to help those small companies that are creditors?

Anna Soubry Portrait Anna Soubry
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I always give a straight answer to a question. I honestly do not know the answer, but I will make inquiries and write to the hon. Gentleman and everybody else who is concerned. I must make it clear, however, that I, the Business Secretary and the Prime Minister are as one on this.