Speciality Steel UK

Perran Moon Excerpts

Monday 14th September 2026 Commons Chamber

[Jonathan Reynolds]

Yes. On both a per capita basis and on a straightforward cash basis, Wales had until fairly recently had the lion’s share—the biggest allocations —from Government because of the significance of the transformation programme at Port Talbot, which remains a fundamental part of the steel sector across the UK. Being frank, it is also one of the sector’s success stories: the transformation of Port Talbot is a major project supported by significant public money and significant private capital, and it is exactly the kind of transformation we are seeking in other parts of the UK. It is to the credit of the workforce at Port Talbot that they are at the forefront of this; notwithstanding the difficult issues involved in such a transformation, it is something to be proud of.

[Perran Moon (Camborne and Redruth) (Lab)]

I very much welcome the Secretary of State’s statement. Does he agree that workers and communities are ultimately paying the price for the reckless conduct associated with Lex Greensill and those who championed his business model, and that this Government are now stepping in with the leadership that was previously so lacking?

[Jonathan Reynolds]

My hon. Friend tempts me to comment on certain issues, which I might swerve a little. He is right to say that the priority for politicians should be trying to resolve these issues and get steelworkers back to work, and anything that detracts from that or that goes in a different direction is deeply regrettable.