British Steel

(asked on 2nd July 2025) - View Source

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.


Answered by
Sarah Jones Portrait
Sarah Jones
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 7th July 2025

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.

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