Steel Industry Debate

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Tuesday 20th October 2015

(8 years, 6 months ago)

Commons Chamber
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Sajid Javid Portrait Sajid Javid
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The hon. Gentleman is absolutely right to raise this matter, which goes to the heart of one of the competitiveness issues facing the industry—namely, the relatively high energy costs. Some of those costs are imposed here domestically, and some are imposed directly through EU policies. Where we can take action, such as through the compensation package, we are doing so. I hope I can assure him that we want to pay more of the compensation that we have already announced as quickly as possible. That is why we want to get EU approval as quickly as possible.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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I really do not think that this is a party political issue, as illustrated by the fact that we have had a Backbench Business Committee debate on the matter, which led to the steel summit in Rotherham. Will the Secretary of State answer the question put to him by my hon. Friend the Member for Corby (Tom Pursglove)? He urged him to shoot first and ask questions later. Let us put in place what we think is right, and worry about whether the EU agrees with it afterwards. We need to do this now; otherwise, there might not be a steel industry left to worry about.

Sajid Javid Portrait Sajid Javid
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I understand my hon. Friend’s point, but he will know that the rules on state aid, unfair trade and compensation exist to protect British industry as well. Indeed, British industry, including steel manufacturers, would be the first to complain if other countries were violating those rules. Frankly, if we are going to complain about others violating the rules, we need to have clean hands ourselves.