Nicholas Dakin
Main Page: Nicholas Dakin (Labour - Scunthorpe)
Nic Dakin (Scunthorpe) (Lab)
When he spoke to the all-party group on steel and metal related industry, Karl-Ulrich Köhler, the chief executive of Tata in Europe, cited the higher manufacturing energy costs in Europe compared with the rest of the world as one of the key contexts for putting the long products division up for sale. What will the Government do about the competitiveness of our manufacturing in relation to energy costs?
Matthew Hancock
Europe has higher energy costs owing to European legislation. We have taken action— £7 billion of action—to reduce costs for energy-intensive industries, but of course, if there is more we can do, within the European rules, including through negotiating more competitive European rules, we will do it. There is no point simply moving carbon emissions out of Europe if that means that the same amount, or more, will be emitted in some other jurisdiction.