British Steel

Part of the debate – in the House of Commons at 12:40 pm on 21st May 2019.

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Photo of Jonathan Edwards Jonathan Edwards Shadow PC Spokesperson (Treasury), Shadow PC Spokesperson (Transport), Shadow PC Spokesperson (Foreign Intervention), Shadow PC Spokesperson (Business, Energy and Industrial Strategy) 12:40 pm, 21st May 2019

According to the BBC, 95% of the rail used by Network Rail comes from the Scunthorpe plant. Instead of bailing out what is essentially a private equity firm, will the British Government not consider taking a direct equity share in the company, or, if it goes into administration, creating an arm’s length publicly owned company to take over the plant?