(1 week, 4 days ago)
Commons ChamberIt is good to hear that the workers in British Steel do not want visits from politicians; I assume the hon. Member, and his party, will take his own advice. I hope that he will understand that we cannot talk about the conversations that we are having with British Steel. It would be very disruptive to the process, the workforce there, the supply chain and commercial confidentiality. I can only repeat that our preference is that we come to an agreement with British Steel based on commercial terms, with Government support, but we are looking at all options and nothing is off the table.
Does the Minister agree that we appear to have hammered out a cross-party consensus on the need to ensure that this country is able to continue to produce virgin steel, just like every other G7 country, for a whole raft of reasons? Does she agree that the case is underscored and reinforced by the Trump slump, by her party’s welcome, albeit belated, pragmatism on net zero and, one hopes, an attendant fall in energy costs, and by the Prime Minister’s intriguing announcement of the end of globalisation? Does she agree that those three things have underscored and reinforced the case for continuing to produce virgin steel in this country?
I agree with the right hon. Member that the world has changed. We know that we are in a different position than that which we found ourselves in a few years ago. We need to ensure that we are secure as a country, and I believe steel is part of that answer.
We also need to ensure that we are stopping the decline of the steel industry, which was always the Labour party’s wish in opposition. We are committed to the plan for steel—the £2.5 billion on top of the £500 billion that we are giving to Tata Steel in Port Talbot. This is a real commitment to changing how we operate the steel industry in this country, so that we stop this constant decline and start to grow the industry and ensure that we are producing the things we need.
(3 weeks, 1 day ago)
Commons ChamberI can reassure my hon. Friend that the Treasury is completely committed to having a plan for steel. We talked to my right hon. Friend the Chancellor a lot about this when we were in opposition, just as we have been doing in Government. The very generous offer put on the table to British Steel was signed off, as is quite right, by the Chancellor and by the Prime Minister. They are both committed to this. We will be coming back in the spring with the steel plan, in which we will set out how we will spend the rest of the fund that we have. In the meantime, I again urge British Steel to come back and talk about the offer that is on the table and see whether we can come to a deal.
Given the geopolitical uncertainty ushered in by the new American Administration and by America and China’s attitude to net zero, will the Minister assure the House that in making decisions on the future of critical national infrastructure that touch upon the defence of this country, such as the extraction of shale gas and the continuance of blast furnaces producing virgin steel, she will be very careful about doing anything that would reduce this country’s capability to stand on its own two feet?
I will certainly ensure that we do not do anything that reduces our ability to stand on our own two feet. I can give the right hon. Gentleman that assurance.
(5 months ago)
Commons ChamberWe realise that CCUS is an emerging industry, but it is also one that we can lead on internationally, thanks to the unique geography of the North sea. We will do all we can to help industry scale up in this technology, which we believe will play a crucial role in our mission towards clean power.