Oral Answers to Questions
Debate between Sajid Javid and Amanda Solloway(4 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Sajid Javid
I believe the right hon. Gentleman means Mr Neil Woodford, not Mr Ian Woodford. The ongoing inquiry is, rightly, being led independently. It is not a matter for Ministers, and neither should it be. We are, of course, interested to ensure that an inquiry takes place and that we learn all necessary lessons. I believe the Economic Secretary to the Treasury again has a meeting with the FCA on this issue tomorrow, but we will let the inquiry take its course independently. Once it is complete, we will ensure that all necessary lessons are learned.
Amanda Solloway (Derby North) (Con)
Sajid Javid
May I warmly welcome my hon. Friend back to her rightful place? Last month, I visited with her some excellent businesses in her constituency, and I want to see more such businesses, not just in Derbyshire and the midlands, but throughout the country. There is so much more we can do with the midlands engine, and in this coming Parliament we are going to really fire it up and spread opportunities. I look forward to working with my hon. Friend and colleagues in doing just that.
Oral Answers to Questions
Debate between Sajid Javid and Amanda Solloway
Amanda Solloway (Derby North) (Con)
In Derby we are looking at alternative methods of helping those people who are sleeping rough, including an app that will direct funds to agencies such as the Padley Centre. Does my right hon. Friend the Secretary of State agree that such initiatives can help tackle the issues of rough sleeping?
Sajid Javid
Yes, I wholeheartedly I agree with my hon. Friend. It is our ambition—I know that she shares it—to end rough sleeping in our country, and those kinds of new ideas can make a real difference.
UK Steel Industry
Debate between Sajid Javid and Amanda Solloway
Sajid Javid
First, I thank the hon. Gentleman for his approach to this matter, in particular through his chairmanship of the Business, Innovation and Skills Committee. He is right to say that Hartlepool, Corby and other parts of the downstream steel business are where the high-value product is. Tata has made it clear in its approach to the sale that it will not cherry-pick. It knows that the downstream process is important to any potential buyer, so it will ensure that any buyer can purchase the whole group, which is an important commitment that we have managed to secure.
The long-established sector councils cover many different sectors. I mentioned earlier the automotive and aerospace sectors, both of which use British steel. We are working with them on the general supply chain to see how British products, including steel, can be used. We will continue that work.
Amanda Solloway (Derby North) (Con)
Does the Secretary of State agree that the best support that we can give the steel industry is a long-term vision that supports a good-quality, private sale with an attractive Government support package and to encourage customers to buy in this country?
Sajid Javid
I know from my hon. Friend’s work on the Business, Innovation and Skills Committee that she takes an interest in this. She is absolutely right that none of us wants to be back in this situation in one, two or three years from now. We want to find a long-term buyer that will invest in the business. That requires Government support and we are ready to work with that buyer.