Asked by: Llinos Medi (Plaid Cymru - Ynys Môn)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the tariffs introduced by the US on 12 March 2025 on steel and aluminium on the steel industry in Wales.
Answered by Douglas Alexander - Minister of State (Cabinet Office)
My Department continues to engage closely with the industries affected by the US’ tariffs on steel and aluminium, and to assess the potential impact on the steel industry in Wales and across the UK.
We are resolute in our support for the UK steel and aluminium industry, which is vital to the UK economy. We have committed up to £2.5 billion to rebuild the steel sector and our upcoming Steel Strategy will be published in the Spring. We will continue to make the case for the UK to be exempted from these tariffs.
Asked by: Llinos Medi (Plaid Cymru - Ynys Môn)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what recent assessment has he made of the potential impact of the UK-Colombia bilateral agreement for the promotion and protection of investments, published in June 2014, on (a) climate change and (b) human rights.
Answered by Douglas Alexander - Minister of State (Cabinet Office)
I refer the Hon. Member for Ynys Môn to my response to Question 12968 on 12th November 2024.
Asked by: Llinos Medi (Plaid Cymru - Ynys Môn)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, whether his Department has assessed the potential merits of nationalising the British Steel plant in Scunthorpe during its negotiations on that matter.
Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero)
As part of the Government's responsible approach to policy and decision-making, we have considered the merits of nationalising British Steel and made an estimate of the cost. That estimate is confidential for commercial reasons. However, the Government has no plans to nationalise British Steel.
We are developing a steel strategy, working in partnership with trade unions and industry to grow the steel sector in the UK. This government has identified up to £2.5bn (on top of the £500mn secured for Port Talbot) to support the steel industry.
Asked by: Llinos Medi (Plaid Cymru - Ynys Môn)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, whether he has made an estimate of the cost of nationalising the British Steel plant in Scunthorpe.
Answered by Sarah Jones - Minister of State (Department for Energy Security and Net Zero)
As part of the Government's responsible approach to policy and decision-making, we have considered the merits of nationalising British Steel and made an estimate of the cost. That estimate is confidential for commercial reasons. However, the Government has no plans to nationalise British Steel.
We are developing a steel strategy, working in partnership with trade unions and industry to grow the steel sector in the UK. This government has identified up to £2.5bn (on top of the £500mn secured for Port Talbot) to support the steel industry.