(8 years, 4 months ago)
Commons Chamber15. What steps the Government are taking to support the North sea oil and gas industry.
In the 2015 Budget, the Government introduced a £1.3 billion package of tax measures to help our oil and gas industry. Today I am launching the inter-ministerial group’s oil and gas workforce plan, which sets out how we can retain talent in this sector and opportunities for workers in other sectors.
Yes, because we fully understand the difficulties in the oil and gas sector at the moment. That is why we have launched this plan. By working together we can improve the lot, but these are difficult times for the oil and gas sector.
(9 years, 1 month ago)
Commons ChamberUrgent 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.
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Will the Minister confirm that although strict EU state aid rules have prevented the Government from directly intervening in the steel industry, the £80 million package that they have announced represents strong and practical intervention in a difficult situation?
That is the case. It is not good enough for Labour Members, who know the confines of the state aid rules, to shout “rubbish”. Let me put SSI’s losses on the record: 2012, £275 million; 2013, £193.5 million; 2014, £81 million. Until the end of June 2015, there were losses at Redcar of £92.5 million. That represents more than £0.5 billion of losses in little more than three years. That is indeed heartbreaking, but it is the harsh financial reality of the situation at Redcar.