(1 week, 4 days ago)
Commons ChamberI would be happy to come to my hon. Friend’s constituency to have a look at and to talk to some of the people who work in the steel business. Huge numbers of organisations and businesses across the country rely on, use, and produce things from steel, and we need to ensure that we factor them into the conversations we are having. We are looking at the supply chains and how we boost industry more widely through our industrial strategy. We are looking at all the things—whether it is skills, R&D or access to finance—that businesses of all sectors have told us they need. Whether it is through the industrial strategy or the plan for steel, we are trying to ensure that we have a robust industry in this country so that jobs are not offshored and we have the security of knowing that we are producing the things that we need here in the UK.
Between 1997 and 2010, about 36,000 jobs were lost in steelmaking, or about half the workforce—that was under Labour, of course. I am concerned to hear talk today about nationalisation, and I say that with due deference to my hon. Friend the Member for Brigg and Immingham (Martin Vickers); the old joke is that if we want to stop crime paying, we should nationalise it. Given that this Government could not run a bath, never mind the steel industry, would a better idea not be to support the industry with, as I have mentioned before, a golden share to give us some say over what happens? Again, is the truth not that the dogmatic pursuit of net zero is driving up energy bills in this country to a level that is simply not sustainable for industry?
I will repeat what I have said: we are looking at all the options on the table; we are talking to British Steel about the right outcome; and we will do what is right for our country and our industry. On energy prices, the hon. Member is right to raise the high costs of energy. The supercharger comes into effect this month, and British Steel will get support from that, as will other high-end energy-intensive industries. But he is right to point to that issue and we are looking at it.
(3 weeks, 1 day ago)
Commons ChamberI thank my hon. Friend for his question and for his expertise as a member of the Select Committee. We had this debate yesterday. Yes, having a long view has to be the right thing. The Government must ensure that we spend that £2.5 billion of taxpayers’ money in the right way to secure the industry well into the future.
As the grandson of a steelworker in Corby, Northamptonshire, I understand something of the iconic nature of the industry. The hon. Lady tries to blame us Conservatives for what went wrong. Is the situation not too confused? The Government are not sending the right signals to the industry and we are not sure what we want. We already do not make the right kinds of steel for much of the defence industry. The steel strategy will be published in the spring—wonderful. When is the spring? The Government need to get a grip and send out signals now. If we are going to negotiate with the Chinese about the Scunthorpe mill and the amount of money we are spending there, should we not have some kind of golden share so that taxpayers are comfortable about what is going on there?
I can assure the hon. Gentleman that I very much have a grip. We are working with officials, the Secretary of State and others all the time. In terms of the conditions that he suggests we should put on the offer of funding, the offer we made was conditional on job targets, fair terms for workers, adhering to UK law, protecting taxpayers’ money—a whole raft of conditions were set and need to be adhered to.
As for the hon. Gentleman’s haste, there was no steel strategy in the 14 years of the previous Government. We are developing one. I am not going to stand in front of taxpayers in my constituency and say, “I have spent £2.5 billion just on a whim.” We have to get this right.
We are working with industry. I was at Celsa in Cardiff this week at a roundtable of the scrap industry and the steelmakers talking about the plan. I have done roundtables with all the industries that buy steel to ensure that we understand what demand will be over the coming years. We are getting this right, which is what the taxpayer would expect of us.
(1 month, 1 week ago)
Commons ChamberThe National Wealth Fund and Great British Energy will be incredibly important in this space. Most countries have a sovereign wealth fund like the National Wealth Fund. We have set that up. Most countries have their state energy companies. We have loads of state energy companies�just other countries�. It is absolutely right that we set up our own. We also have the clean energy bonus, which will mean that we are encouraging supply chains and jobs here in the UK, so we can move away from reliance on other countries.
With due deference to the newly appointed Minister for Aberdeen on the Conservative Benches, the question of these jobs is not a matter purely for the north-east or purely for Scotland. Those 200,000 jobs are spread across every constituency in this country and they are all at risk. As we heard from the hon. Member for Edinburgh West (Christine Jardine), they are being pushed off a cliff edge. The Minister talked about our energy bills being in the hands of Vladimir Putin. Does she not agree with me that we are stuck between a rock and a hard place? We have Vladimir Putin on one side driving up energy bills and her dogmatic Secretary of State for Energy Security and Net Zero on the other.
I do not agree with that framing whatsoever. We have Putin who invaded Ukraine, leading to the massive global shock for energy prices, and we have a Secretary of State who is very pragmatically taking forward plans to, as the triangle tells us, protect and grow jobs, and give us energy security. I think most people in the country understand that. They get that we need energy security and to tackle the climate at the same time.