Oral Answers to Questions

Debate between Jonathan Reynolds and James Wild

Thursday 1st May 2025 Commons Chamber

[James Wild (North West Norfolk) (Con)]

Will the Secretary of State be straightforward with the House today about how much taxpayers’ money has been spent so far on British Steel?

[Jonathan Reynolds]

The amount of working capital provided to British Steel to date stands at £94 million, which is considerably less than if we had given a large amount of money to Jingye, or if we had had to deal with the complete loss of the entire British Steel site and business.