Oral Answers to Questions

Martin Vickers Excerpts
Tuesday 16th July 2019

(4 years, 8 months ago)

Commons Chamber
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Andrew Stephenson Portrait Andrew Stephenson
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I am proud that we remain one of the most attractive destinations in the world for foreign direct investment. UK unemployment has now fallen below 3.8% for the first time since 1974, average wages are growing twice as fast as inflation and by the fastest rate in over a decade, and all while we borrow half as much as Labour did in the five years before the crash.

Martin Vickers Portrait Martin Vickers (Cleethorpes) (Con)
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Can the Minister give an update on negotiations in reference to Scunthorpe steelworks?

Andrew Stephenson Portrait Andrew Stephenson
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I thank my hon. Friend for that question. As he will know, that is in the hands of the official receiver. I am seeking to keep him and other local Members of Parliament updated regularly with what is going on, but I know that my right hon. Friend the Secretary of State has left no stone unturned and is meeting with various bidders and other people to secure the long-term future of steelmaking in his region.