Steel Sector
Debate between Lord Stockwood and Lord Hamilton of Epsom
Thursday 23rd April 2026
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Lord Stockwood (Lab)
The Government remain in positive and constructive conversations with Jingye. I know that the noble Lord would not expect me to comment on the specifics of that deal. All I can say is that we are hoping for a positive outcome. The real importance for us is ensuring that we have a steel industry that is fit for the future and for private investment. That is our target aim at the moment.
Lord Hamilton of Epsom (Con)
Following on from my noble friend’s question, has the Minister made provision for ever-increasing amounts of taxpayer’s money to be paid into the steel industry?
Lord Stockwood (Lab)
The UK Government’s £2.5 billion commitment is provisioned for.