(5 years, 5 months ago)
Commons ChamberAs the hon. Lady knows, I am always keen to ensure that we take every step we can to preserve the continuity of skilled people, and I would be happy to do that.
The excellent new Minister has been a strong supporter of the new UK steel charter. Will he update the House on the progress he has made in getting it adopted across Government?
(5 years, 6 months ago)
Commons ChamberI am grateful for what the right hon. Gentleman says. It is important that I should state, and that the House should recognise, that the official receiver is independently appointed by the court. The official receiver has a team of special managers from Ernst & Young who were appointed today, and their responsibility is to secure the best possible resolution for the assets they inherit. They have strict duties to the court, and they cannot be directed by me. My experience of the Insolvency Service and the official receiver is that they will want to recognise the importance of continuity, which I contend will help to secure the best value for the future of the site. From my conversations, I know they have that very much in mind, but it is important to emphasise that they are independent and do not take direction from me.
I impress upon my right hon. Friend the expectation of my constituents in Corby that he must pull out all the stops to secure the future of this business. Will he advise the House of whether any other steel businesses have indicated a willingness to take on the business at this stage?
I certainly agree with, and will act upon, the first part of my hon. Friend’s question. It is a matter for the official receiver to consider, but during the course of the day—after all, it was just this morning that the company went to court—I have had some early indications of interest. I intend to be active in helping to promote these important assets to prospective investors, whether or not they are currently aware of the opportunity this may give them to invest in successful facilities in the future.
(5 years, 6 months ago)
Commons ChamberThe hon. Gentleman talks about taking us to the cliff edge. It is a legal responsibility on the part of each emitter to comply with its requirements to surrender allowances. Notice was given, and as some of my hon. Friends pointed out, every other company acted on that. We were presented late in the day with a choice I described as unenviable. We responded to that pragmatically, and I detect in the hon. Gentleman’s tone a recognition that this is the right step. To avoid repetition of this situation, the advice from the company and the industry is clear: the House needs to come together, long before 31 October, and agree a withdrawal agreement that would result automatically in the ability to release allowances, not only for this year but for the following year too.
I very much agree with the steps taken by my right hon. Friend. However, is he essentially saying that this whole situation has arisen because the United Kingdom, and specifically our steel industry, is being punished by the European Union, despite our still remaining a member?
I would not put it that way myself. The suspension was put in place because we were liable to leave on 29 March. Given that the year to which the allowances refer is the calendar year from January to December, it was the observation that, as things stood, we were unlikely not to be a member of the scheme for the great majority of that year; now that we have agreed an extension of up to 31 October, that is clearly a different matter. The discussions we have had so far with the Commission have been constructive in recognising our ability to issue new allowances.
(5 years, 6 months ago)
Commons ChamberOne specific north-east-focused step is to invite the hon. Lady to vote for the deal that has been put before the House.
The steel industry is, rightly, a key part of the industrial strategy. In that context, what early discussions has the Secretary of State had on the steel charter and the key asks contained within it?
(6 years, 5 months ago)
Commons ChamberThe hon. Lady knows—we have had previous exchanges on this across this Dispatch Boxes—that the future of the employees there depends on defence export orders. I think she would acknowledge that there is no one more vigorous than our colleagues in the Ministry of Defence, the Department for International Trade and my Department when it comes to meeting businesses and those who are in defence procurement to emphasise the good quality and importance of our aerospace industry right across the country.
As my right hon. Friend knows, I am a big supporter of the value of the industrial strategy for midlands manufacturing, so what specific role does he see for Rolls-Royce within it?
(7 years, 1 month ago)
Commons ChamberThat is exactly what is proposed in the Green Paper. The focus is on national security, which is an important responsibility for the Government. It is important that investors and businesses know the procedures so that they can have the greatest certainty when conducting business, including when contemplating takeovers.
Will my right hon. Friend say a little more about the role of industrial strategy in helping to harness international investment?
One of the strengths of the UK’s economy is our reputation for innovation and discovery through the application of science. Our industrial strategy deepens our commitment to that. We have seen the biggest increase in public investment in research and development for more than 40 years. Part of our strategic approach means establishing companies that make use of that technology, and having a regime under which companies that do use that technology can be confident about taking in foreign investment is part and parcel of the positive, mature regime that we want to establish.
(7 years, 4 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
My hon. Friend is right, and the proposal to consult consumer groups and to go beyond the CMA’s remedies—at least what the majority report of the CMA recommended—is welcome. As I said, that is a step in the right direction, but I would want to see this put out in detail and implemented before I would be satisfied with it.
Speaking as someone who represents an industrial town, has my right hon. Friend, as part of the wider debate on these issues, had the opportunity to assess what impact nationalising the energy companies would have on household and commercial energy bills?
I have indeed. The impact of finding the billions of pounds necessary to take these industries into public ownership would not only be a disaster for our public finances, but the destruction of investor confidence in a whole range of industries that we need investment in.
(7 years, 8 months ago)
Commons ChamberWhen I visited the Corby steelworks on Friday, there was real enthusiasm for a sector deal for the steel industry and a real commitment to ongoing partnership working. Is my right hon. Friend the Secretary of State willing to visit the Corby works to discuss those opportunities?
I would be delighted to visit Corby with my hon. Friend. He is absolutely right—my discussions with the steel industry show a real appetite for a long-term sector deal to secure the future of the steel industry.
(7 years, 8 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
I am grateful to the hon. Gentleman for his kind words, but I remind him and colleagues that this country is a competitive place in which to do business, including in the car manufacturing sector. Different countries will have different policies. I am determined to make sure that we are competitive and that we remain competitive so that we can expand our production in the future.
Will my right hon. Friend update us on any discussions he has had about this takeover with specific reference to steel supply chains?
I have talked about the supply chain in general, and I think that there are opportunities right across the supply chain—from individual components to materials—and I want to make full use of that. We are discussing with the steel industry a steel sector deal, part of which is to make sure that there are bigger opportunities, especially by UK customers, to make greater use of steel products.
(7 years, 9 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
I am grateful to the hon. Gentleman for what he says. Again, I come back to the fact that Vauxhall’s UK operation is successful. It is efficient and effective, which is the reason, as with other car companies, why investments come to this country. We have had a successful programme of joint working with the automotive sector in areas such as research and development, and in training and upskilling the workforce. That programme continues and is available to any manufacturer that participates in the sector.
The UK car sector and steel manufacturing are inextricably linked, so what role does my right hon. Friend see the industrial strategy playing in the betterment of both?
The benefit of an industrial strategy is that we can look at the connections between areas and between sectors. Of course, a thriving automotive sector in this country is good for the steel industry.
(7 years, 9 months ago)
Commons ChamberAs my hon. Friend would expect, my colleagues meet representatives of all kinds of businesses, both in the UK and those looking to invest here. We are clear, as the Prime Minister has been, that we intend to pursue our negotiations to secure the best possible access to the single market so that the manifest advantages of the UK continue to be available to companies, here, now and in future.
(7 years, 10 months ago)
Commons ChamberI commend the Secretary of State’s statement, and I commend to him the report of the all-party parliamentary group on steel and metal-related industries, which has been published today. I hope that it will be useful as part of the ongoing discussions within government. The Government have made great strides forward in public sector procurement, so will my right hon. Friend make sure as part of this work that we do everything we can to transfer some of those principles into private sector procurement, too?
My hon. Friend makes a very good point. I will certainly bear in mind what he said and will read closely the APPG report that he mentions.
(7 years, 11 months ago)
Commons ChamberI will indeed. The Green Paper considers such matters. The responsibility that companies have through the privilege of limited liability status extends to employees, customers, pensioners and others, and that is part of the understanding under which good businesses operate to ensure that they are good for all those groups.
Wider community engagement is often very important in relation to these matters. Does the Secretary of State agree that one contribution that businesses can make is to try to help provide more role models for our young people, as, obviously, we want to see them go into business in greater numbers?
My hon. Friend is absolutely right. One reason why Government Members are unambiguously pro-business is that the opportunities that that gives to people not only to earn a good living, so that they can support themselves, but to achieve their potential and go on to make full use of their talents is an incredibly inspiring way in which people can blossom. That is why we want to see flourishing businesses in this country.
(8 years ago)
Commons ChamberThe approach that I have set out across our economy is to meet those businesses that are part of my responsibility and to have sensible discussions so that I understand from them what they need. That informs our negotiating mandate. That is my commitment to all the businesses—large and small—that I meet.
This announcement clearly shows the world that Britain is open for business. I hope that our supply chains will get a boost from this too, particularly UK steel. Will my right hon. Friend say a little about the wider involvement of the UK automobile sector in the forthcoming industrial strategy and how the announcement fits into that?
I certainly will. With any industrial strategy, we should build on our strengths and not be complacent, but recognise that in order to continue to be strong, we need to look at the underlying conditions for promoting that. The presence of a vigorous supply chain is important for the automotive sector. It is important to be at the cutting edge of research and development, and to have skills in the workforce on which expanding companies can count in order to fulfil their order books. Those are all important enabling conditions, and the Government have a role to play by working with companies to make sure that they are all met.
(8 years, 2 months ago)
Commons ChamberI am sure that that firm will attest to that. The Somerset chamber of commerce was clear that the orders that had already been placed during the preparation of the site have been beneficial to the county.
This is obviously a massive infrastructure project, and I welcome what the Secretary of State has had to say about the opportunities for UK supply chains. I hope that those opportunities will be extended to the steel industry. I strongly urge the Secretary of State to get out there and make the case that all the steel used in the project should be British. May I put in a plug for Corby tubes?
They are of excellent quality. The commitment given to me by EDF that 64% by value of the work will be with UK firms will be of particular benefit to such firms and to the supply chain right across the country.
(8 years, 2 months ago)
Commons ChamberWe do need an upgrade across many different forms of infrastructure, and that will have very important benefits to the steel industry, including in Sheffield.
It is hugely encouraging that the Government are developing their comprehensive industrial strategy, which I believe will give a great boost to confidence in our steel industry. Will the Minister update the House on what early discussions he has had with the industry about its role in that?
I have had extensive discussions with the steel industry over the summer, as my hon. Friend will understand. It is very important that we should have a sustainable future for what has been, and is, a very important sector in our economy.
(9 years, 2 months ago)
Commons ChamberThe residents of Scotland have the same aspirations as the residents in all parts of the United Kingdom. They want to own their own home, and the Government are committed to giving them the chance to realise that aspiration. We are doing that by extending the right to buy, and it is a matter of regret that in Scotland they are going the other way.
What specific impact is the new homes bonus having on the building of homes across the country in order to meet local needs such as those of young people?
First, the funds that come with the new homes bonus allow the financing of some of the infrastructure that is required—reasonably—when homes are built. Secondly, because of that, the plans that are coming forward for adoption by authorities have a significantly higher level of house building than was the case before the reforms were introduced.
(9 years, 4 months ago)
Commons ChamberI listen to the north-east all the time, and I have met its civic leaders in recent days and will no doubt have further conversations with them. I have always had a strong and fruitful dialogue with them. In fact, I have a letter from the leader of the hon. Lady’s own council, Sunderland City Council, who said: “The support you provided to Sunderland was crucial to us securing the deal which is so vital in helping boost the economy of our area. Your thorough understanding of the issues in our region should be commended and demonstrates this Government’s commitment to putting the north of England at the heart of its plans to strengthen the economy of the whole country.” I have good dialogue with city leaders across the country, and the hon. Lady should talk to them.
I am conscious that many hon. Members want to speak, so I will move on and say a word about housing. I am convinced that our communities will rise to the challenge of devolution, but I have made it clear to authorities across the country that in doing so, they must deliver the homes that their people need for this generation and the next. Much progress was made during the last Parliament, which began with the lowest level of peacetime house building since the 1920s and first-time buyers locked out of the housing market. Housing starts and the number of first-time buyers have doubled since 2009 and are continuing to rise. Last year alone, the number of first-time buyers rose by 20%, but we must go further. That is why the Government are committed to encouraging home ownership and building homes that people can afford to buy.
There is a real desire in Corby for a new enterprise zone, not least because of the success of enterprise zones in the original wave back in the 1980s. We are also seeing enormous housing growth. Does the Secretary of State agree that the areas that are taking that growth should be rewarded when it comes to jobs and infrastructure?
I do agree, and I encourage my hon. Friend and his local business and civic leaders to make an application for an enterprise zone on behalf of his constituents. I am sure that that would further enhance the prosperity of the Northamptonshire economy.