Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps he is taking to support the UK steel industry.

Prior to Covid 19, the government had already begun to take wide-ranging action to support the UK steel industry, including compensation for energy costs, supporting innovation and clean steel production – through the £315m Industrial Energy Transformation Fund and £250m Clean Steel Fund, and working with the industry to introduce steel procurement guidance.

Since the outbreak, the government has announced a comprehensive package of support for businesses and workers to protect them against the current economic emergency.

They come alongside the more than £1.6 billion that has been allocated by the UK Government to help the Welsh Government meet this exceptional challenge.