Steel Industry (Nationalisation) Bill Debate

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Department: Department for Business and Trade

Steel Industry (Nationalisation) Bill

Judith Cummins Excerpts
Second Reading
Judith Cummins Portrait Madam Deputy Speaker (Judith Cummins)
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The reasoned amendment in the name of the Leader of the Opposition has been selected.

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None Portrait Several hon. Members rose—
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Judith Cummins Portrait Madam Deputy Speaker (Judith Cummins)
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Order. A lot of Members with a direct constituency interest rightly want to put their remarks on the record. There will be an immediate six-minute time limit for Back-Bench speeches, but we will very swiftly move to three minutes to enable as many Members as possible to speak on this important topic. I call the shadow Minister.

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Andrew Griffith Portrait Andrew Griffith
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I am afraid that the hon. Member ought to look again at the calendar, because I was not only not in Government but not in this House—I was getting on in business trying to help grow the British economy. When the same issue arose in Port Talbot, it was the previous Government—indeed, my right hon. Friend who is now the Leader of the Opposition—who took action and were willing to back the private sector owner to secure the future of steelmaking in Wales. That was what we did in Government.

We are talking about the issue of tariffs because it is intrinsically related to the Government and the taxpayer taking ownership of one participant in a complex industry supply chain. I know that on the Government Benches, some of the truths that we share today may not be immediately popular, but past Governments failed because they were happy to do what was popular in the moment, without looking at the long-term consequences. The truth is that we should not be nationalising British Steel, and certainly not with the Bill in this form—my hon. Friend the Member for Meriden and Solihull East made the point about the sweeping nature of the clauses, whatever we think about the Secretary of State’s intentions.

We have demonstrated in the past, and we will again, that there are other options, such as partnering with the private sector and negotiating a better deal. The Conservatives would fix the cause, not the symptoms; we would save steelmaking in this country not through state quick fixes, but by fixing the state itself. We would not pit industries against each other, as Labour is now doing, and we would not sit idly by for a rerun of the 1970s horror show that Labour made Britain sit through the last time around.

Judith Cummins Portrait Madam Deputy Speaker (Judith Cummins)
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With a six-minute time limit, I call the Chair of the Business and Trade Committee.