"My Lords, there will be an issue with the public interest case, if and when we get to the full nationalisation of British Steel at Scunthorpe. Many of us are unclear as to whether the Government’s aim is to find a medium-term or longer-term solution to the problem of how …..." Lord Redwood - View Speech
"My Lords, two years is quite enough for these powers, and it is generous of my noble friend to suggest allowing another two-year extension. As I understand it, these steel matters are being considered under a £2.5 billion multiyear estimate, which was meant to be for the modernisation of the …..." Lord Redwood - View Speech
"My Lords, I support my noble friends on the issue of the affirmative resolution. I think it is a superior device, given the importance of the matters that could be brought before us. I also fully support the idea of a proper impact assessment, which should of course include the …..." Lord Redwood - View Speech
"My Lords, I am grateful to the noble Lord, Lord Fox, for reminding us of the importance of contingent liabilities and the need for the Government to complete due diligence before any acquisition. He rightly says that in a hypothetical case—not British Steel Scunthorpe—it might be necessary to move quickly, …..." Lord Redwood - View Speech
"My Lords, I too welcome this from the Government. I think they will find it very helpful because, should we move on to the full acquisition of British Steel at Scunthorpe, there remain, as I understand it, financial issues outstanding with the current Chinese owners. It will be very important …..." Lord Redwood - View Speech
"My Lords, I am so glad my noble friend has raised once again this crucial and fundamental point. It is of great importance and of help to the Government.
When I have in the past had some responsibility for trying to recover the financial position of the odd distressed company—although …..." Lord Redwood - View Speech
"My Lords, I am very grateful that my noble friend has raised this important point. We would probably not be having these big debates about steel nationalisation if the United Kingdom in recent years had had competitive energy pricing, and if it had not gone in for carbon pricing and …..." Lord Redwood - View Speech
"My Lords, why does the Attorney-General wish to break the US-UK treaty on Diego Garcia, when the ICJ has no ability to order us around on Commonwealth and defence matters, and we need to keep that base?..." Lord Redwood - View Speech
"I agree with the Minister’s three main aims for railway improvement. He is right that punctuality is insufficient. Last year, under 85% of trains arrived within three minutes of timetable and over 4% of services were cancelled altogether. He is right that we need to improve the quality of the …..." Lord Redwood - View Speech