Steel Industry (Special Measures) Bill

Christine Jardine Excerpts

2nd reading
Saturday 12th April 2025 Commons Chamber

[Liam Byrne (Birmingham Hodge Hill and Solihull North) (Lab)]

Mr Speaker, I wonder whether you will forgive me for returning the debate to the Bill, which is about saving British Steel. That is what the debate should be focused on, and I commend the Secretary of State for bringing forward the powers to achieve that goal. He has acted with decisiveness, speed and certainty, and I thank him for the Bill he has presented today. He has acted in the national interest, and he has acted to safeguard our economic security. I am delighted that he has also acted in line with the Select Committee’s advice, which was tabled with him 10 days ago—as we know, that does not always happen. We urged him to maximise pressure on British Steel’s owners, not to do what was easy, but to do what was right. Today he has returned to the House with a Bill asking for the powers to do exactly that.

This legislation matters not simply because it protects 3,700 jobs in Scunthorpe, not simply because it protects 37,000 jobs in the steel supply chain across our nation and not simply because it safeguards nearly £2 billion of economic output; it matters because it defends our economy, our security and, therefore, our future. At the heart of this debate is a very simple question: can we entrust a critical national asset to a company we do not trust? I say no, we cannot, we must not and we dare not. We are presented with a very simple challenge in British Steel’s owners: we have a company in possession of an asset that we need, yet it is a partner that we do not trust. In a world where threats to our economic security multiply each day, we cannot allow that risk to fester at the heart of our industrial core.

[Christine Jardine (Edinburgh West) (LD)]

Does the right hon. Member agree that there is a wider issue at stake: our energy security and national security? We have seen what can go wrong with a Chinese company that we do not trust, and we see Chinese influence increasing in other vital sectors, particularly our energy industry. Should that not underline our concern and act as a warning that we do not want the Chinese to have control of our energy supply?

[Liam Byrne]

We are here in the House to answer a very basic question: if we cannot trust a company, can we entrust to it a capability that we need, when that capability is so vital to our strength? That is one reason why the Select Committee has set up a new Sub-Committee on Economic Security, Arms and Export Controls. We will be reporting back to the House on the state of economic security in our country before the summer recess, and I look forward to the hon. Lady’s comments on that report.

The general point I want to land is this: what we value most cannot be entrusted to those we distrust most. The timing of the Bill is critical; we live in an age of intensifying insecurity. President Putin’s violence is unabated, China’s military build-up is unabated and now President Trump threatens to upend the free trading system. In such a world, to surrender our ability to make primary steel would not be a misfortune—it would be negligence.