British Steel
Debate between Greg Smith and Blair McDougall(2 weeks, 5 days ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Blair McDougall
As Minister with responsibility for regulations, if there are any particular regulatory issues that the hon. Gentleman has in mind, I encourage him to bring them to me and I will pursue them across the system. In addition to the reviewed guidance that we have given to ensure British Steel is in the mix for procurement, the clean industry bonus scheme—for offshore wind, for example—will incentivise its use.
Greg Smith (Mid Buckinghamshire) (Con)
I appreciate the point that the Minister made about the taxpayer having only owned British Steel for a matter of hours, and how the board is still being appointed. It is, however, imperative that the Government are clear, once the board is appointed, what the strategic priorities are for the board—as opposed to British Steel at large. Top of those priorities must be a timescale to get to profitability. Can the Minister—or his successor—commit to ensuring that the red lines set for the board are made clear to this House as soon as it returns in September, when the board will have been functional for five or six weeks?
Blair McDougall
I am disappointed in the hon. Gentleman’s lack of faith in my career prospects. I am sure that the Minister for Industry, who has deep expertise in steel and is an excellent Minister, intends to update the House on the strategic objectives of the new board.