British Steel

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

Alert me about debates like this

Photo of Andrew Stephenson Andrew Stephenson Assistant Whip, Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy) 12:40 pm, 21st May 2019

Sector deals are not about value signalling. We are not doing sector deals randomly across the board. We are doing sector deals where we believe that they can deliver a transformation in productivity and enhance production in any sector. The UK steel sector, like the global steel sector, is challenged by global economic conditions, oversupply and a range of other factors. We have taken firm action on sorting out energy costs. We are supplying millions of pounds in compensation. We have launched the industrial energy transformation fund and we have the industrial strategy challenge fund. There is the steel pipeline and now the steel charter. This Government are dong an awful lot to help the UK steel sector.