Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether he has had discussions with the Chancellor of the Exchequer on the ONS's classification of British Steel as part of the public non-financial corporations subsector.

The Secretary of State for Business and Trade meets with the Chancellor regularly on a range of issues, including steel. Following the passing of emergency legislation in the Steel Industry (Special Measures) Act 2025 on 12 April, the ONS informed my departmental officials that it would undertake a classification assessment of British Steel Limited.

British Steel Limited has been classified to the public non-financial corporations subsector. Further information on this decision can be obtained directly from ONS’s website.