UK Steel Production: Greensill Capital

Shaun Bailey Excerpts
Thursday 25th March 2021

(3 years, 1 month ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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I admire and am always impressed by the right hon. Gentleman’s passion for these issues, and I think he is absolutely right. We do have a need for huge amounts of steel in infrastructure in this country. That is why I have said repeatedly that there is a future for the steel industry in the UK.

Shaun Bailey Portrait Shaun Bailey (West Bromwich West) (Con) [V]
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Obviously, steel is also a crucial part of this Government’s decarbonisation strategy. Can my right hon. Friend reassure my constituents in Oldbury, where a Liberty Steel site is currently based, that he will ensure that Black Country steel is placed at the heart of that decarbonisation strategy and that they will get the support they need from the Government as we go through this difficult time for Liberty Steel Group?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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I assure my hon. Friend that we are committed to the steel industry in the UK. That is why, last week, we published the industrial decarbonisation strategy, which I was very pleased to commission as energy Minister. I look forward to speaking to him about the next steps forward for this industry.