British Steel
Debate between James Wild and Blair McDougall(1 week, 4 days ago)
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James Wild (North West Norfolk) (Con)
The Minister failed to respond to any of the questions asked by the shadow Minister, my hon. Friend the Member for Reigate (Rebecca Paul), so I will try again: some companies have expressed an interest in the business, so what discussions is the Minister, or his colleagues, having with potential buyers?
Blair McDougall
We did not take the decision lightly, and we would have preferred commercial options. We are now 11 hours and 12 minutes into ownership of the company. We are deeply committed and open to private sector partnerships to ensure the future of British Steel, and that is an essential and early part of the conversation.
Oral Answers to Questions
Debate between James Wild and Blair McDougall(8 months, 3 weeks ago)
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Blair McDougall
Businesses led by entrepreneurs from ethnic minority backgrounds make a huge contribution to all our constituencies. Indeed, I met two such remarkable business people in Acton a couple of days ago. My hon. Friend is right to mention that finance is a barrier for under-represented groups, including ethnic minorities. Dealing with that is a key part of the small business strategy, and it is why we have put billions more into the British Business Bank. She has led on these issues, and I am of course happy to meet her to discuss the future of the programme that she mentions.
James Wild (North West Norfolk) (Con)
To show his deregulatory zeal, the Business Secretary just boasted about scrapping the British Hallmarking Council, which has one part-time employee. Given that every £1 of regulatory costs has the same impact on investment as £1 taken in tax, why are the Government proceeding with their unemployment Bill and proposing a £5 billion a year tax on British businesses?