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Steel Industry

Part of the debate – in the House of Commons at 12:09 pm on 26th May 2016.

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Photo of Sajid Javid Sajid Javid The Secretary of State for Business, Innovation and Skills 12:09 pm, 26th May 2016

If the consultation proposals do not go ahead—it is important to note that the Government have not made a decision—it is very likely that the scheme will end up in the Pension Protection Fund, because of the size of its deficit. Of course, we and officials are happy to discuss the issue in more detail with the hon. Gentleman, but when he makes his determination I urge him to keep in mind what the alternative might be.