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Iron and Steel: Government Assistance

Treasury written question – answered on 9th September 2019.

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Photo of Ruth Jones Ruth Jones Labour, Newport West

To ask the Chancellor of the Exchequer, what financial support the Government plans to allocate to the UK steel industry in the event of the UK leaving the EU.

Photo of Rishi Sunak Rishi Sunak The Chief Secretary to the Treasury

The government is already taking wide-ranging action to support the UK steel industry, including compensation for energy costs, supporting innovation and clean steel production, and working with the industry to introduce steel procurement guidance.

The government is monitoring businesses and sectors which may be exposed to short-term difficulties as a result of EU Exit. We are considering how best to support businesses across the country in the run up to or immediately after EU Exit.

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