UK Steel Production: Greensill Capital

Bob Stewart Excerpts
Thursday 25th March 2021

(3 years, 1 month ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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The hon. Gentleman will know, but I say in the interests of transparency, that one of my first meetings when I was appointed Secretary of State was with the head of Tata Steel. He will also know that having visited Hinkley Point as Energy Minister I am fully aware of the impact and the contribution that the Tata plant makes to infrastructure. I am sure he will be pleased to hear that this is a top priority of mine. I have made the point many times this morning that our infrastructure plans are absolutely intertwined with a strong domestic steel industry.

Bob Stewart Portrait Bob Stewart (Beckenham) (Con)
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I am very sorry I was late for the start, Mr Speaker, but I was having a rather shouted conversation with the Chief of the General Staff about the massive cut of 12% in our Army, and particularly the loss of my battalion—

Lindsay Hoyle Portrait Mr Speaker
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Order. I do not think this has anything to do with the question; I think I would stick to the business question. You do not want to lose your place—come on, Captain Bob.

Bob Stewart Portrait Bob Stewart
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I knew I was going into the Valley of Death. The question, Sir, is this: what percentage of our national steel production, which is a sovereign capability, is affected by the Greensill Capital financial crisis? I am very sorry—I knew I was going to get into trouble.

Lindsay Hoyle Portrait Mr Speaker
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No, I think it will be with the Chief Whip later.