UK Steel Production: Greensill Capital Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Antony Higginbotham
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UK Steel Production: Greensill Capital
Antony Higginbotham Excerpts(3 years, 1 month ago)
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Kwasi Kwarteng
The right hon. Gentleman is absolutely right. My understanding is that the Scottish Government are very exposed to Greensill’s financial engineering—let me put it that way—and there should be far greater transparency in this regard.
Antony Higginbotham (Burnley) (Con)
A strong domestic steel industry is vital to so much of what the Government do, from frigates and submarines to schemes such as HS2. With that in mind, may I ask the Secretary of State whether he will work with colleagues across all of Government—not just with the Treasury, but with the Ministry of Defence and the Transport Department—to ensure that we protect this strategic sovereign capability?
Kwasi Kwarteng
My hon. Friend is absolutely right. It is crucial that we work across Government to look at procurement and the strategic interests of this country in having a strong steel industry, as he describes, and in order to work out how best to progress with this key sector.