Uk Steel Industry

Part of the debate – in the House of Commons at 1:10 pm on 12 April 2016.

Alert me about debates like this

Photo of Sajid Javid Sajid Javid The Secretary of State for Business, Innovation and Skills 1:10, 12 April 2016

I can tell the right hon. Lady that no stone remains unturned in our efforts to help to sell as much British steel as possible. Nick Thomas-Symonds asked about the lesser duty rule, and this point is raised repeatedly by Labour Members, but Labour had no problem whatever with the rule when it was in government. Scrapping the rule altogether would cost British shoppers dear. It would raise prices on everyday items that we rely on. For example, the rule saves British shoppers £130 million on footwear in one year alone. However, I told the House yesterday that I would be more than happy to look at any ways of specifically helping the steel industry, and I hope that Members will come up with ideas during the debate. I will, of course, be listening.