Oral Answers to Questions Debate

Full Debate: Read Full Debate
Department: HM Treasury

Oral Answers to Questions

Stephen Kinnock Excerpts
Tuesday 27th April 2021

(3 years, 2 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Rishi Sunak Portrait Rishi Sunak
- Hansard - - - Excerpts

My hon. Friend is absolutely right and I congratulate everyone involved in the Solent freeport bid. This Government are using freeports to boost jobs, investment, trade and growth. Local communities, from Merseyside to Teesside, Humber and indeed the Solent, all agree with us and it is a shame that the Labour party does not support their aspirations.

Stephen Kinnock Portrait Stephen Kinnock (Aberavon) (Lab)
- Hansard - -

What steps his Department is taking to increase the amount of UK steel used in Government infrastructure projects.

Kemi Badenoch Portrait The Exchequer Secretary to the Treasury (Kemi Badenoch)
- Hansard - - - Excerpts

There are global challenges in the steel industry, with vast overcapacity and supply outstripping demand. However, the Government have supported the steel sector extensively, including providing more than £500 million in recent years to help with the cost of energy. Our unprecedented package of covid support is still available to the sector to protect jobs and ensure that producers have the right support during this challenging time.

Stephen Kinnock Portrait Stephen Kinnock
- Hansard - -

Steel is central in terms of good jobs, national security and combating climate change. There can be no post-pandemic economic recovery without a strong and healthy steel industry. Will the Chancellor therefore commit today to recognising the pivotal strategic importance of the steel industry by using the power of the Treasury to reduce the exorbitant electricity prices faced by our steelmakers—currently 82% higher than in Germany—so that our steel industry can compete on a level playing field?