UK Modern Industrial Strategy
Debate between Jonathan Reynolds and Chi Onwurah(1 week, 1 day ago)
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Jonathan Reynolds
I thank the hon. Member very much for his work. I think the whole House knows of my personal interest in steel and the measures we have taken, including the recall of Parliament and the passing of the Steel Industry (Special Measures) Act 2025 that was required to save his constituents’ jobs. He is right that the investment required in some of the most electricity-intensive opportunities of the future—electric arc furnaces, for instance, were we to go down that route at Scunthorpe —requires the kind of programme that the enhanced supercharger level will get to because of the measures outlined in the strategy.
There is not yet a plan for transition at Scunthorpe. As the hon. Member knows, we have taken control, but we need to resolve the issue of ownership. We continue to run the plant in a way that minimises losses to the taxpayer. That has meant putting more money in up front to run it at full capacity, which I think he will very much support. We will continue to work with anyone in the local area, including him and my hon. Friend the Member for Scunthorpe (Sir Nicholas Dakin), to ensure that there is a bright future for the steel sector. I believe that will be possible based on the policy environment we are putting in place.
Dame Chi Onwurah (Newcastle upon Tyne Central and West) (Lab)
As Chair of the Science, Innovation and Technology Committee,, I really welcome this modern industrial strategy because it delivers on the promise Labour made in opposition to put science, innovation and technology and the skills they require at the heart of the drive for growth and industrialisation. I also welcome the strategy as a north-east MP because of the emphasis on regional growth and regional strengths.
My Committee found that one of the major barriers to regional growth and innovation was access to capital. The industrial strategy commits to doubling business investment by 2035. Will the Secretary of State say a little about how the north-east—just for example—might benefit from that?
UK-US Trade and Tariffs
Debate between Jonathan Reynolds and Chi Onwurah(2 months, 4 weeks ago)
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Madam Deputy Speaker (Ms Nusrat Ghani)
Chi Onwurah will be followed by Steve Darling.
Chi Onwurah (Newcastle upon Tyne Central and West) (Lab)
The US is our closest ally and the world’s largest economy, as well as being the UK’s greatest source of foreign direct investment, so I welcome my right hon. Friend’s calm and pragmatic approach, and his determination not to abandon British workers’ rights in the face of these tariffs, as the Conservatives urge us to, but rather to focus on the trade talks. Will the Online Safety Act 2023, the Digital Markets Competition and Consumers Act 2024 and the digital sales tax be part of the talks? Will he also say a little more about his counter-argument to the Trump Administration’s view that VAT and the DST represent tariffs, rather than tax?
Jonathan Reynolds
My hon. Friend reminds me that I did not get a chance to respond to the shadow Secretary of State. If, following these announcements in the United States, we had come to Parliament and said, “You know, the answer to this is that low-paid people will not get the sick pay they would otherwise have got under this Labour Government,” that would have been the wrong response. Again, as ever, that would be scapegoating the wrong people for difficult things that have nothing to do with their position in the UK economy.
My hon. Friend skilfully leveraged in a number of questions. There are real differences of opinion between us and the United States on VAT. We say that it applies, as it does, to domestically produced goods as much as to goods that come into the UK, and that it is not trade distorting; indeed, the balance of trade between the US and the UK is evidence of that. The argument from the US is slightly different. I will not go into the content of all the negotiations—she will appreciate that—but success in any negotiation is about being willing to be at the table and put forward our argument, while recognising the other side’s argument. That is the approach of this Government, and that is the way forward.
Oral Answers to Questions
Debate between Jonathan Reynolds and Chi Onwurah(6 months, 2 weeks ago)
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Jonathan Reynolds
The hon. Member’s question is perhaps more for the Secretary of State for Transport, but she skilfully put that to me. I assure her that I will work with the Secretary of State for Transport to do that. How we assemble investment sites is a huge issue, and how we can work better across Government with local partners is also a key issue for us.
Chi Onwurah (Newcastle upon Tyne Central and West) (Lab)