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Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons on 22nd May 2019.

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Photo of Theresa May Theresa May The Prime Minister, Leader of the Conservative Party

First, I say to the right hon. Gentleman, because he raised the issue of British Steel, that, obviously, we recognise that this is a worrying time for the thousands of dedicated British Steel workers and their families, as well as those in the supply chain and local communities. The Government have been working tirelessly with the company, its owner Greybull Capital and lenders to explore all potential options to secure a solution for the company. We showed, through the emissions trade scheme agreement, that we were willing to act, but we can only act within the law. It is clear that it would be unlawful to provide a guarantee or loan on the terms requested by the company. We will be working with the company and others, and the official receiver, in the days and weeks ahead to ensure we pursue every step to secure the future of the operations at Scunthorpe, Skinningrove and on Teesside. My right hon. Friend the Chancellor has agreed an indemnity for the official receiver to enable British Steel to continue to operate in the immediate future. There are no job losses at this time and the official receiver has already said that staff will continue to be paid and employed. My right hon. Friend the Business Secretary will be updating the House in a statement later this afternoon.

On the issue of schools, as the right hon. Gentleman knows we are putting record levels of funding into our schools.