Lord Beamish
Main Page: Lord Beamish (Labour - Life peer)(10 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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Matthew Hancock
Our job is to support the industry in whatever commercial decisions it makes. Arguably, the UK is better placed for the high-end, high-quality, specialised steel making, but let us remember that Redcar brought back high-volume steel making to the UK, so I do not want to cut off any of these options; I want to support the development of all.
Mr Kevan Jones (North Durham) (Lab)
Those working in the steel industry in the north-east and elsewhere, and their families, will be increasingly worried by the pathetic laissez-faire attitude of the Minister. They want to know what he will do to support and protect the steel industry and the livelihoods it sustains in this country. In particular, on the point raised by my hon. Friend the Member for Middlesbrough (Andy McDonald), what protection will he give those families to ensure, for example, that their pension funds will not be raided by vulture capitalists?
Matthew Hancock
When Labour was in office, there was no industrial strategy, but there is now, and clear action is being taken to support businesses, as demonstrated by the increase in outputs. In 1997, steel production was 18 million tonnes; it fell by almost a half to 10 million tonnes, but is now up to 12 million tonnes, which shows that we are determined to support the UK steel industry.