UK Steel Production: Greensill Capital

John Redwood Excerpts
Thursday 25th March 2021

(3 years, 8 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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On procurement, I want to relay to the hon. Lady that we have constructed in government a UK Steel and BEIS Procurement Taskforce, which met for the first time only a couple of weeks ago, on 12 March, chaired by my noble Friend Lord Grimstone. We are absolutely committed to seeing what we can do to make sure that we have a strong steel industry in this country that will support the huge infrastructure needs that our country has in the next decade.

John Redwood Portrait John Redwood (Wokingham) (Con) [V]
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I strongly support all the measures that the Government will be taking to ensure that public orders concentrate on UK-made steel, where that is possible, but what further measures can the Secretary of State take to ensure that energy prices are realistic and competitive? If we have very dear energy in this country, it will be a major problem for our steel industry.

Kwasi Kwarteng Portrait Kwasi Kwarteng
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My right hon. Friend is absolutely right to point to electricity and energy costs. I am in regular contact with my right hon. Friend the Chancellor to see what can be done, as my right hon. Friend the Member for Wokingham (John Redwood) said, to address that problem.