UK Steel Production: Greensill Capital Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Felicity Buchan
Main Page: Felicity Buchan (Conservative - Kensington)Department Debates - View all Felicity Buchan's debates with the Department for Business, Energy and Industrial Strategy
UK Steel Production: Greensill Capital
Felicity Buchan Excerpts(3 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Kwasi Kwarteng
The right hon. Lady will know that I cannot possibly comment on that, because it is part of an ongoing series of discussions. We do not really know the full extent of the impact of Greensill’s collapse on the British economy. We are looking into it very closely and looking at which companies have been affected, but until that further investigation we cannot possibly comment on the extent of the liability.
Felicity Buchan (Kensington) (Con)
One of the lessons of the pandemic has been that we need a robust domestic industrial strategy and we cannot be dependent on imports—either of final products or through the supply chain—from China or anywhere else. Does my right hon. Friend agree that steel is an integral component of that industrial strategy—and, with time, decarbonised steel?
Kwasi Kwarteng
I reassure my hon. Friend that the fact that we published the industrial decarbonisation strategy only last week suggests to me, and is a signal to the world of, how seriously we take the strategic impact and necessity of steel, and the net zero commitment.