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Steel Industry (Special Measures) Bill

My hon. Friend makes extremely well the point that our economic security and our national security are two sides of the same coin. I am pleased to hear about the work being done by the Business and Trade Committee; in his excellent speech, the Committee’s Chair, my right hon. Friend the Member for Birmingham Hodge Hill and Solihull North (Liam Byrne), mentioned the Sub-Committee that has been set up.

I want to talk about Port Talbot, because the Energy Security and Net Zero Committee visited it two weeks ago. There will be a delay of several years between the closure last year of the blast furnaces there, and the opening of the new electric arc furnace, which is a massive cause for concern in south Wales and beyond. The excellent financial support provided by this Government, and Tata’s willingness to engage, are a good example of industry and Government being partners, and an indication that the industrial strategy that the Government plan to bring forward is already being effective.

The Bill gives the Government the opportunity to secure steelmaking in this country. I congratulate the Secretary of State and his colleagues on their decisive action. Workers and the nation as a whole are grateful for the work of this Government, who are doing absolutely the right thing.

12.38 pm