Steel Industry (Special Measures) Bill Debate

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Department: Department for Business and Trade

Steel Industry (Special Measures) Bill

Sarah Owen Excerpts
Jonathan Reynolds Portrait Jonathan Reynolds
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I am incredibly pleased to have the chance to answer the point my hon. Friend raises. The Port Talbot deal was originally negotiated by the previous Government. I did try to reopen it; I went to see Chandra in Davos and flew to Mumbai to talk to him about it. To be frank, I kept Port Talbot open on polling day, because it would have closed due to the industrial action that almost took place. The previous Government were nowhere to be seen, even before the result of the election was in. We were not able to reopen the deal, but we did negotiate a better deal. As a result, Port Talbot is in a stronger position than British Steel, because it has a long-term future in place. [Interruption.] This is because we improved on the deal that the Leader of the Opposition botched at the time. To be clear, the £2.5 billion green steel fund the Chancellor has put in place is in addition to the £500 million already going to Port Talbot. That is an incredibly important point.

Sarah Owen Portrait Sarah Owen (Luton North) (Lab)
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I thank the Secretary of State for giving way and for acting in the national interest—the complete opposite of the hon. Member for Clacton (Nigel Farage), who said he was against intervening to save British Steel two years ago. Does the Secretary of State think the hon. Gentleman said that in the British interest or in the foreign interests the Reform party seeks to serve?

Jonathan Reynolds Portrait Jonathan Reynolds
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I believe that that is on the record. I hope to convince all colleagues today to support this action, which is in the national interest.