Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what his timetable is for the (a) consultation on and (b) implementation of the compensation scheme for steel undertakings referenced in his statement of 10 December 2025.

The Government is engaging with Jingye, the owners of British Steel, to find a pragmatic path forward for the future of the company. The Government wishes to make further progress in those discussions before introducing such a scheme. The Government does not plan to consult on the scheme since the directions in the Act have been applied to only one company.