Border Carbon Adjustment Tariffs and Decarbonisation

Part of the debate – in the House of Commons at 5:30 pm on 16th December 2020.

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Photo of Jerome Mayhew Jerome Mayhew Conservative, Broadland 5:30 pm, 16th December 2020

My hon. Friend has anticipated a point in my speech that I was coming to in a few minutes. He is absolutely right that, just in July this year, the EU started a formal consultation on the implementation of the border carbon adjustment process for the entire European Union—and not just there, but he will have to wait a moment or two before I come on to the other exciting news.

Let us look at steel. We can get a huge amount of tax benefit, plus increased competition, that will give a fair, competitive advantage to our domestic steel.