UK Steel Production: Greensill Capital
Debate between Tanmanjeet Singh Dhesi and Kwasi Kwarteng(3 years, 8 months ago)
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Mr Tanmanjeet Singh Dhesi (Slough) (Lab)
For national security reasons, to tackle the climate crisis, and to build our rail infrastructure, electric vehicles and the like with well-paid unionised jobs, domestic steel production must be a strategic national priority. However, time and again the Government have let down Britain’s steel industry. On their watch, we have seen British Steel collapse, minimal action taken to tackle the huge handicap of high energy prices for our steelmakers, and an over-reliance on imported steel for Government projects. Prior to Brexit, the excuse for the lack of Government intervention was EU state aid rules. What is the excuse now?
Kwasi Kwarteng
There is no “excuse now”. I am afraid that the hon. Gentleman lost me rather when he said that the Government have done nothing. We have heard from all around the House the devastating impact of the last Labour Government on the steel industry. I even took a question from an extremely able Conservative Member, my hon. Friend the Member for Redcar (Jacob Young), whose seat was represented by a Liberal Democrat, because of the debacle around the closure of SSSI.
Vauxhall at Ellesmere Port and Battery Manufacturing Strategy
Debate between Tanmanjeet Singh Dhesi and Kwasi Kwarteng(3 years, 8 months ago)
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Kwasi Kwarteng
The Faraday battery challenge is a key part of the industrial strategy, which my right hon. Friend the Member for Tunbridge Wells (Greg Clark) had a key role in implementing. It has made extraordinary progress in the past two or three years. I would be very happy to pick this issue up with my hon. Friend. Over the next 10 years, I think we will see a complete transformation in the battery technology he talks about.
Mr Tanmanjeet Singh Dhesi (Slough) (Lab)
As a proud electric car owner, I am glad that to support our automotive manufacturing industry and to boost its competitiveness, Labour has called for an ambitious investment in electric vehicle technology, including the electric battery supply chain, through a £30 billion green economic recovery. Does the Secretary of State agree that that strategic investment would support manufacturers like Vauxhall and give them the long-term confidence they need to build new electric models right here in the UK?
Kwasi Kwarteng
I agree with a lot of what the hon. Gentleman says. What I would say, and how I would slightly re-tilt the emphasis, is that there is Government investment, which we have—and we are committed to £12 billion through the 10-point plan—but also private investment. If we look at the success of offshore wind, we see that it was driven largely by the investment of private capital. Exactly the same thing will happen in respect of the net zero challenge. That is why we are in conversations with the private company to secure that investment.