Steel Industry (Nationalisation) Bill Debate

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Department: Department for Business and Trade
Lola McEvoy Portrait Lola McEvoy (Darlington) (Lab)
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In my constituency of Darlington, we know the economic importance of the steel industry, and many of my constituents bear the scars of the Conservative party’s unwavering worship of the global free market. Regardless of the social, economic, community or security costs, they badly let us down. The last Government refused to step in for our highly skilled essential steel workers in Redcar, leading to the loss of thousands of jobs and the closure of a 170-year-old industry, and thousands more jobs in the supply chain were lost.

The Conservatives demanded a cap on the cost to the Treasury for this essential intervention to protect out sovereign steel capacity, which shows that they still do not get it. It shows their fundamental misunderstanding of the mistakes they made while they were in government. Despite their historic defeat, they refuse to accept that their inaction on steel has already cost the taxpayer dearly, and not only in significant employment tax contributions but in the business contributions of this critical industry’s supply chain. It is their inaction that chilled investment.

We know that thriving supply chains boost local employment and incubate home-grown entrepreneurs. They boost confidence locally, and industrial communities such as ours support and cultivate thriving, close-knit business ecosystems—something that we in Darlington still benefit from greatly, despite the closure of SSI, Cleveland Bridge and British Steel on Whessoe Road.

The vacant South Works site in Darlington, which is currently available to rent, is 131,000 square feet and comes with three cranes. If anyone is looking for a magnificent industrial steel site in the heart of the country’s most investable town, please do contact me, and I will happily negotiate and advocate for a discounted rent from the hon. Member for Boston and Skegness (Richard Tice).

The pride that our community has in a critical, century-old industry cannot be overstated. It is vital for wellbeing, but it is security that is essential for growth. People employed in critical industries, whether self-employed, businesses or workers, can afford to spend locally—they have the confidence to get the kitchen done, or take the family out for a meal. It is insecurity that chills investment and growth. By securing this critical sovereign industry, this Labour Government are demonstrating and living our values, and delivering on the change that we were sent here to make.

The difference could not be more clear: where the last Government allowed an essential, critical, highly skilled, historical British industry to be decimated by inaction and ignorance, this Labour Government promote our most qualified steel industry expert to the Front Bench to protect high-skilled jobs, stand up for our supply chains, champion our communities and nationalise steel in the national interest—and I, for one, say all power to them.