Steel Industry Debate

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Mark Spencer

Main Page: Mark Spencer (Conservative - Sherwood)

Steel Industry

Mark Spencer Excerpts
Thursday 26th May 2016

(8 years, 6 months ago)

Commons Chamber
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Sajid Javid Portrait Sajid Javid
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I am not sure that has anything to do with today’s statement.

Mark Spencer Portrait Mark Spencer (Sherwood) (Con)
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I know that the Secretary of State and the Business Minister will do all they can to secure as many jobs as possible and to make sure that the pension scheme pays out to as many as possible, but will he assure us that whatever deal is done, it will be sustainable and we will not be back here in two years’ time facing the same challenges in the steel industry?

Sajid Javid Portrait Sajid Javid
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I can assure my hon. Friend that no deal has been done. This consultation is about exploring options that have been brought to us by the trustees, and its right that we look at that. As a further assurance, I can tell him that the regulator would have to be involved, as well as a number of other safeguards, if we went ahead.