Tata Steel: Port Talbot

Lord Leong Excerpts

Wednesday 7th February 2024 Lords Chamber

[Baroness Swinburne (Con)]

I agree with the noble Lord that we need to upgrade all this infrastructure. However, the holistic view of this particular area in Wales is that we will have, I hope, one of the largest offshore floating wind platforms to facilitate plants such as the Tata arc facility, but also any of the new advanced manufacturing that will take place on that site.

[Lord Leong (Lab)]

My Lords, as the Minister said earlier, and as the noble Lord, Lord Forsyth, mentioned, Tata Steel secured £500 million of taxpayers’ money in state aid, yet it rejected union proposals for a two-phase plan that would protect more than 2,300 jobs over a decade and that would see no compulsory redundancies at Port Talbot. The loss of these jobs will clearly have a very hard impact on the region and the national economy. Have the Government made any assessment of whether this £500 million in state aid passes their value-for-money test?

[Baroness Swinburne (Con)]

I can tell the noble Lord that I believe that the unions have been fully involved in these discussions. The plans have been discussed with the company, but the company informs us that is not viable for it to consider that plan at this point. However, the consultations started only on 2 February. Therefore, it is for the company and the unions, and its employees and staff, to ascertain the possibilities. With respect to what the Government are doing, they are monitoring everything very closely and having long conversations with the companies and the Welsh Government.