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Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Martin Vickers
Main Page: Martin Vickers (Conservative - Brigg and Immingham)Department Debates - View all Martin Vickers's debates with the Department for Business, Energy and Industrial Strategy
(5 years, 5 months ago)
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Andrew Stephenson
I am proud that we remain one of the most attractive destinations in the world for foreign direct investment. UK unemployment has now fallen below 3.8% for the first time since 1974, average wages are growing twice as fast as inflation and by the fastest rate in over a decade, and all while we borrow half as much as Labour did in the five years before the crash.
Martin Vickers (Cleethorpes) (Con)
Can the Minister give an update on negotiations in reference to Scunthorpe steelworks?
Andrew Stephenson
I thank my hon. Friend for that question. As he will know, that is in the hands of the official receiver. I am seeking to keep him and other local Members of Parliament updated regularly with what is going on, but I know that my right hon. Friend the Secretary of State has left no stone unturned and is meeting with various bidders and other people to secure the long-term future of steelmaking in his region.