Tata Steel Debate

Full Debate: Read Full Debate

Andy McDonald

Main Page: Andy McDonald (Labour - Middlesbrough)
Thursday 16th October 2014

(9 years, 8 months ago)

Commons Chamber
Read Full debate Read Hansard Text

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

Matt Hancock Portrait Matthew Hancock
- Hansard - - - Excerpts

It is not by accident that there has been an increase in steel production in the UK in the past four years. It has been achieved by active involvement, not only through the national infrastructure plan and getting procurement right, but through making the tax environment better and ensuring that people can invest in this country with confidence for the long-term future. It has also been achieved by the personal effort of Members of both coalition parties to support steel in the UK.

Andy McDonald Portrait Andy McDonald (Middlesbrough) (Lab)
- Hansard - -

The Minister talks about the tone adopted by my colleagues and he is correct about that, but the tone from him and some of the comments from Government Members seem to be of an absolute acceptance that there will be job losses. I would be a little more impressed if, rather than the complacency we see from the Minister, the focus was on the preservation of the industry. If Gary Klesch did so well in Italy, then we should hear from Reuters, which says he has a record of swooping on ailing businesses in the United States—otherwise described as vulture capitalism, which I think is described as asset stripping in this country. What steps do the Government intend to take to ensure that that does not happen? There are 700 jobs at risk in our constituencies.

Matt Hancock Portrait Matthew Hancock
- Hansard - - - Excerpts

We are absolutely clear that the potential of the future for steel making in the UK is bright. We have taken action to remove some of the barriers that were put in place by the previous Government. I therefore reject the overly partisan tone that has been taken at times, not least because of the amount of work that has been put in to make sure that we have a strong and bright potential future. That involves, for instance, not just the changes to the takeover code, but the substance of ensuring that it is more competitive to make steel in the UK.