Steel Industry (Special Measures) Bill

Clive Jones Excerpts

2nd reading
Saturday 12th April 2025 Commons Chamber

[Clive Jones (Wokingham) (LD)]

A potential tragedy is unfolding for many people in the Scunthorpe area, not just those at the steelworks, but people in the wider community who work in the supply chain, their customers and workers in the local economy, and the family and friends of those working at the steelworks. Well over 35,000 families in this country could be affected—nearly a whole parliamentary constituency. Trump’s steel tariffs will hurt the UK steel industry. Trump supporters in this House in the two shades of the blue team are strangely silent on the impact of his unnecessary tariffs. Has anyone heard them condemn Trump’s tariffs? No. The Liberal Democrats believe the Government should stand strong against Trump’s 25% tariff.

The relationship between the Jingye company and the Government has clearly broken down, which is why the Secretary of State is taking wide-ranging powers for himself. As it appears that the Bill will be passed today, I have two questions for him. Can he confirm that the pension fund of employees and former employees is not in deficit, that all company contributions are up to date, and that the assets of the scheme have not been transferred to the holding company or any offshore business; and if they have been, will he commence measures to get them back? Can he also confirm that ownership of the assets of the business, such as plant, land and buildings, have not been transferred to any holding company or offshore business?