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Part of Prime Minister – in the House of Commons at 11:34 am on 22nd April 2020.

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Photo of Stephen Kinnock Stephen Kinnock Shadow Minister (Foreign and Commonwealth Affairs) 11:34 am, 22nd April 2020

The Port Talbot steelworks is the beating heart of the economy and the community in my Aberavon constituency, and there will be no post-pandemic recovery for our country unless we have a strong and healthy Welsh and British steel industry. The Government’s coronavirus large business interruption loan scheme is capped at £50 million, which is only one tenth of what Tata Steel believes will be the cash-flow impact on the company over a six-month period. Will the Government now urgently take steps to lift the loan cap to a level that will give our steel industry a fighting chance of surviving this crisis?