British Steel
Debate between James Cartlidge and Andrew Stephenson(5 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Andrew Stephenson
The Government have been willing to act. We provided a £120 million bridging facility to the company earlier this month, which shows that we are fleet of foot and responsive to businesses that approach us with their concerns. I cannot comment on any current negotiations with this or any other company, but the Government are responsive, and, when it comes to this specific company, we have already shown our willingness to act, with that £120 million.
James Cartlidge (South Suffolk) (Con)
I was born in 1974: in my entire lifetime, unemployment has never been lower than it is today. Should we not remember that picture? It is based not on policies such as renationalisation but on maintaining pro-business policies that keep us attractive and open to inward investment.
Andrew Stephenson
I see the steel sector as fundamentally important to the British economy, and we are keen to do everything we can to support it. However, as I have already said and the House will know, we can only act within the strict bounds of what is legally possible under domestic and European law.