Steel Trade Measure

Lord Katz Excerpts

Tuesday 30th June 2026 Lords Chamber

[Lord Hunt of Wirral (Con)]

Dealing with the whole question of energy costs—

[Lord in Waiting/Government Whip (Lord Katz) (Lab)]

My Lords—

[Lord Hunt of Wirral (Con)]

Sorry. I am perfectly happy to give way to Back-Benchers if anyone wishes to intervene.

--- Later in debate ---

[Lord Leong (Lab)]

I thank my noble friend for those points. First, let me say something about the Steel Industry (Nationalisation) Bill that is going through this House. That Bill gives us a framework to acquire any steel undertaking in the public interest. Once we do acquire, in the public interest, that aligns with our overall steel strategy, which is to support our domestic supply of steel. That is precisely what we are doing, to increase domestic supply, which is currently 30%, to as much as 50%.

[Lord Katz (Lab)]

My Lords, as noble Lords will be aware, we are now on the Back-Bench section of questions to the Minister on the Statement. As there do not seem to be any more Back-Benchers wishing to ask questions, and we are still waiting for the full complement of Front-Benchers to continue with next business, I suggest we adjourn briefly to a time to be announced on the annunciator.