Oral Answers to Questions Debate

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Department: Department for Education

Oral Answers to Questions

Stephen Kinnock Excerpts
Tuesday 28th June 2016

(8 years, 5 months ago)

Commons Chamber
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Anna Soubry Portrait Anna Soubry
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The hon. Gentleman makes a good point. Yesterday was a dreadful day on the markets— two of our banks actually had to stop trading. Today, according to the results, is a better day. As the Prime Minister said yesterday, nothing has changed at the moment, so it is really important that we talk up our great country and our great economy, and that we instil confidence and stability on all sides.

Stephen Kinnock Portrait Stephen Kinnock (Aberavon) (Lab)
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The issue of pensions is very important in the context of not just BHS, but Tata Steel. The consultation finished on 23 June. Will the Minister please update the House on where we are with the pensions scheme, and also reflect on the fact that the trade unions and many others have said that putting that scheme into the Pension Protection Fund would be a complete disaster?

Anna Soubry Portrait Anna Soubry
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The consultation has, of course, now finished. There were concerns, certainly among Government Members, that Opposition Members perhaps had not been as supportive about the future plans for Tata as we would have liked, but, as the hon. Gentleman knows, our doors always remain open to him. He has done great work to ensure that we have a sustainable steel industry in south Wales.