Steel Industry (Nationalisation) Bill

Debate between Jamie Stone and Chris McDonald

Committee of the whole House
Tuesday 9th June 2026 Commons Chamber

[Chris McDonald]

I am aware of the issue with the springs company raised by my hon. Friend the Member for Rochdale (Paul Waugh). I think it is particularly an issue around 13 metre bars. My office is arranging a meeting with the company concerned. I am also aware of the issue on hot rolled coil and am addressing that, too.

[Jamie Stone]

I assure the Chamber that I shall not mention power of any particular sort. Will the Minister, if he has not done so, think about having a word with the Scottish Government and how they might help him in his endeavours?

[Chris McDonald]

I am always very happy to receive help from everywhere, but the Scottish Government could help themselves by taking a more proactive approach to nuclear, as the hon. Gentleman identified earlier. The Scottish economy could benefit from that.

Let me make some progress. I want to turn to the parts of the Bill that Members have raised in the debate, and thank the hon. Member for Richmond Park (Sarah Olney) and the shadow Minister for the amendments they have tabled. Amendment 4 was one of the amendments intended to extend reporting requirements around financial assistance and compensation under section 52. In the case of compensation, that is of course a one-off payment and so the question of regular reporting does not arise.

On the amendments tabled by the Liberal Democrats, to which the hon. Lady spoke earlier, amendment 6 is about taking into account ETS, CBAM and so on in valuations.

A number of comments were made about valuations and the role of the independent valuer, which we will also touch on when we consider the new clauses on capping compensation. It is particularly important that we draw a distinction between the role of Government and that of the independent valuer here, which goes back to some of the concerns raised by the hon. Member for West Worcestershire. It is a serious and rare intervention that the Government are making, and one that should happen only when there is a market failure or a company is in distress.

Oral Answers to Questions

Debate between Jamie Stone and Chris McDonald

Tuesday 24th March 2026 Commons Chamber

[Chris McDonald]

I do indeed welcome the £200 million design and build contract for ILIOS with, as my hon. Friend mentioned, Kier and firms like Turner & Townsend who can be relied on to deliver. We have allocated £1.3 billion over the spending review period for fusion. Britain has been firmly in the lead for research in this area; we need to be in the lead in its application, too.

I know that my hon. Friend’s constituents will benefit, but right now it would be difficult for constituents in Scotland to benefit, because the SNP cannot decide whether fusion energy is nuclear energy. I can tell SNP Members that it is, and they should be supporting nuclear energy across the whole country.

[Jamie Stone (Caithness, Sutherland and Easter Ross) (LD)]

The Treasury Bench would be particularly disappointed if I did not once again showcase what we have at Dounreay: a licensed site, a skilled workforce and a population who would greatly support playing a role in the development of fusion for the future. May I suggest that the Scottish Enterprise network might put its hand in its pocket to bring that forward, if that is helpful to His Majesty’s Government?