To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason there is no specific reference to the steel industry in the EU Exit: Long-term economic analysis reports published by the Government in November 2018.
The purpose of the HMG EU Exit: Long – term economic analysis report was to illustrate high level impacts on the UK from different EU Exit scenarios. It included associated costs for five broad sector groups across the economy, which together cover the majority of the UK economy and all traded goods and services:
○ Manufactured Goods (including Iron & Steel);
○ Services (Non-Financial and Non-Networks);
The macroeconomic modelling tools used for this analysis do not allow for disaggregation of results at individual sector level (i.e. 58 individual sectors).
Extensive engagement has taken, and is taking, place between government and industry, including with steel companies, to understand the impact of EU Exit on the sector.