Mike Wood
Main Page: Mike Wood (Conservative - Kingswinford and South Staffordshire)
Sajid Javid
I reassure the hon. Gentleman that the options that may have been used in the past are not being considered. The consultation document is clear and relates specifically to the British Steel pension scheme.
Mike Wood (Dudley South) (Con)
Thousands of members of the pension scheme at the old Round Oak steelworks in my constituency may need a buyer to ensure that we have a stable steel industry, but one of the obstacles to securing such a buyer has been the withdrawal of trade credit insurance over recent weeks. Will the Secretary of State do everything he can to ensure that appropriate guarantees are available?
Sajid Javid
My hon. Friend is right to raise that issue. The provision of trade credit is a commercial matter for Tata, but I am confident from what I have seen that the company can identify solutions. We are monitoring the situation very closely.