(4 days, 20 hours ago)
Commons ChamberMy hon. Friend and several other Welsh colleagues have been talking to me about this. We renegotiated the deal with Port Talbot and the £500 million that goes alongside that. I had a good meeting this week with Blastr, which is looking to build an iron pellet plant at the Port Talbot site if possible, and we are trying to support that. Of course, our focus in recent weeks has been on Scunthorpe and British Steel, but the steel fund remains. The steel plan is still being worked on, which is very broad and hopes to lift the entire UK steel industry.
Sheen Uncovered is a clothing business in my constituency that the Secretary of State is welcome to visit any time. It has been significantly affected by the need to pay import duty up front, thanks to the Conservatives’ terrible Brexit deal, and that duty ranges between 6% and 12% and greatly impacts its cash flow. What are the Government doing to support businesses such as Sheen Uncovered to reduce the challenge of import costs?
(8 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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I call the Liberal Democrat spokesperson.
The steel industry has been left in a mess after years of mismanagement. The abandonment of the industrial strategy by the previous Government has been a disaster right across our economy, but nowhere more so than in strategic heavy industries such as steel, which face many complex and interconnected challenges. We can all agree on the vital importance of steel production, whether that is in terms of national security or of providing the materials that we need for a green economy. It is equally clear that the steel industry needs to be supported to move towards greener methods of production and a more sustainable footing, while ensuring that jobs are protected.
The sector desperately needs the certainty of a new industrial strategy. Can the Minister give a clear timeline for exactly when we will see that industrial strategy? Can she confirm that when the Industrial Strategy Council is rebooted, it will be placed on a statutory footing through legislation so that it is properly empowered to support our industries in the long term?
I thank the hon. Lady for a very sensible and thoughtful list of questions. We will be putting the Industrial Strategy Council on a statutory footing, which is important. The points she makes about decarbonisation and support for the industry are really important. The previous Government supported the aims of dealing with the climate crisis and the need for decarbonisation, but they did not put in place any strategy to help anybody do anything on that front. We need a proper industrial strategy and, alongside that, a proper industrial decarbonisation strategy. How will our heavy industries decarbonise in a way that does not de-industrialise and does not mean that they shut up shop and go elsewhere? How will we make sure that we enable all these industries to thrive? The hon. Lady is right to say that it is not just about the steel industry. We are looking at a much broader range of industries by sector and by geography, to work out the best way to get this done in a way that protects jobs and protects our industry.