Does my hon. Friend share my concern that certain major procurement projects, such as High Speed 2 and nuclear, are being given to the Chinese? My fear is that they will naturally want to use Chinese steel. Also, if these were British companies, they would be paying British corporation tax, national insurance and income tax, and would be developing supply chains and export capacity. Does my hon. Friend share my fear that there is no proper joined-up industrial strategy to protect our jobs and our future?
I agree with my hon. Friend, and when we see the Chancellor travelling around China and asking the Chinese to bid for all these contracts, it is hard to avoid realising what is happening.
Business rates represent a far higher cost for UK steel producers. There had been reports that the Government were planning to exempt plant and machinery from business rates, which EEF has described as a “tax on investment”. The Chancellor reportedly even costed this change with a view to including it in his now infamous Budget last month before dropping it at the last minute. It seems that the measure, which would have significantly improved the future prospects of the industry, was sacrificed in pursuit of his economically illiterate and increasingly unachievable surplus target.
I said earlier that part of the problem is ideology. Labour has been calling for a modern and intelligent industrial strategy, and I am pleased to say that in yesterday’s statement the Business Secretary actually uttered the words “industrial strategy” for the first time. Now that that Rubicon has been crossed, all we need is action to match the words. Today, let us spare a thought for the thousands of steelworkers whose futures hang in the balance. The Government ignored the warning signs for far too long, and now they must act to find a suitable buyer, and to work with the steel producers, the workforce, and the clients and customers to ensure that the industry is placed on an even keel. The cost of failure, both economically and socially, is unthinkable. We need urgent action to save our steel.
(9 years ago)
Commons ChamberOn the EU helping out, does my hon. Friend agree that there is a strong case for carbon tariffs from the EU so that we do not displace clean steel produced in Britain with dirty steel produced in China and elsewhere?
My hon. Friend’s practical suggestion should be considered with great seriousness not only by the Government but by the EU.
The steel summit in Rotherham was convened only following the Backbench Business Committee debate, and it ended with more job losses and no significant Government announcements. Far from keeping the House informed as the crisis has unfolded, the Government have had to be dragged kicking and screaming to the House to answer urgent question after urgent question.
Steel is an energy intensive industry that inevitably results in extra costs being placed on it for environmental reasons, but the Government have the power to lower energy costs for steel producers through implementing the energy intensive industry compensation package immediately.
(9 years, 2 months ago)
Commons ChamberThird time lucky, Mr Speaker.
I thank the Secretary of State for his gracious welcome, and especially for the timing of today’s Second Reading debate on this Bill, which he has arranged for maximum convenience. I hope he will continue to be so accommodating as we go forward and I oppose him from the Dispatch Box.
Let me begin by drawing the attention of the House to my entries in the Register of Members’ Financial Interests which, in the interests of transparency, I declared earlier than was technically necessary. I was especially pleased to win the nominations of Unison, the Union of Construction, Allied Trades and Technicians, the Communication Workers Union, the Transport Salaried Staffs Association and the recommendation of Unite in the recent contest to be deputy leader of the Labour party—hon. Members can see where that got me. As the register shows, my campaign was supported by donations in cash and kind from some of the unions affiliated to the Labour party.
I also want to make a second declaration: I am a lifelong and proud trade unionist. I believe in social partnership at work, and that the right of trade unions to exist and represent their members at work is a key liberty in any democracy. I am dismayed that we have a Government who believe in attacking trade unions, rather than working with them in the spirit of social partnership to improve economic efficiency and productivity in our country.
My hon. Friend will know that in recent years, the average trade unionist has been on strike for one day in 15 years. In sharp contrast, the export of goods last month was down to its lowest level since 2010. Does she agree that the focus should be on collaboration across industry and trade unions to raise productivity and wages, whereas the Bill will get people on the streets and force conflict?