Julian Smith
Main Page: Julian Smith (Conservative - Skipton and Ripon)(9 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Matthew Hancock
I pay tribute to the work that the hon. Gentleman has done alongside his parliamentary neighbours. On getting UK content into UK projects, we must ensure, within EU competition rules, that the market is competitive; we cannot restrict procurement to UK projects. Within that, however, we can do everything to support UK suppliers into projects. For instance, the fact that 95% of the steel for the UK’s rail network is expected to come from Tata is important. We work on supply chain management to strengthen supply chains. I am sure the hon. Gentleman will agree that we cannot close the borders for procurement, not least because we must ensure value for money for the taxpayer.
Julian Smith (Skipton and Ripon) (Con)
May I direct the Minister to an article in The Economist that mentions Gary Klesch, head of the Klesch company, which is thinking of taking over this Tata unit? It states that:
“Europe needs people like Mr Klesch…he brings discipline and fresh ideas.”
Will the Minister reject the doom-mongering of the Labour party, and support Gary Klesch in making the most of this business?
Matthew Hancock
I and the Government will do everything that we reasonably can to secure the future of steel production. Being open to international investment means that there are other opportunities; Tata itself is an international investor. None the less, while I acknowledge my hon. Friend’s argument, we must be vigilant and careful to ensure that should any changes be made, we are ready to support the local community.