British Steel

Clive Jones Excerpts

Tuesday 22nd April 2025 Commons Chamber

[Clive Jones (Wokingham) (LD)]

I thank the Minister for advance sight of her statement, and I associate myself with her gratitude towards Mr Speaker, hon. Members, parliamentary staff and, most importantly, the workers and managers of British Steel.

It is incredibly welcome news that both blast furnaces in Scunthorpe will continue to operate, allowing those who are employed at the site, the 35,000-plus families in this country who would have been affected by its closure, and Britain’s national security, to breathe a momentary sigh of relief. Will the Minister join me in thanking the British Steel workforce for ensuring that the furnaces have not been allowed to go cold? It is good to see the Government taking action after the Conservatives spent far too long dithering over what to do.

The Minister has committed to delivering a steel strategy by the end of the spring, so the Government have five weeks left to produce it. Can she confirm that it will be published before 31 May, and that Parliament will have the opportunity to debate it? When we were here a few Saturdays ago, I asked the Secretary of State to confirm that the pension fund of employees and former employees is not in deficit, that all company contributions are up to date, and that assets of the scheme have not been transferred to the holding company or any offshore businesses. I am waiting for confirmation on that.

Finally, can the Minister guarantee that no redundancies will be made as a result of the action taken in the Steel Industry (Special Measures) Act 2025?

[Sarah Jones]

I thank the Lib Dem spokesperson for his support for our interventions and for his helpful questions. We will publish an impact assessment in due course, including classification considerations. He is right to point out that we did not answer his questions last time, and neither am I answering them this time, but I will ensure that I do. We have said that we will come back every four weeks with a statement, but I will write to him separately to ensure that he has the reassurance that he needs.

I cannot give the hon. Gentleman a date for the steel strategy, but I assure him that we are working as fast as we can. The issue is difficult because we are talking about spending £2.5 billion of public money. We have to ensure that we do that in the correct way. The roundtables that we have held, the advice from the Steel Council, and the work that we are having done by the Materials Processing Institute and Hatch to consider the economic issues that we need to grapple with, are really important—we must get that right. Of course, when we have a steel strategy, the House must have the opportunity to come and talk about it and be reassured that it is the right thing for the steel industry.