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Proceeding contribution from Lord Leong (Labour) in the House of Lords on Monday, 20 July 2026. It occurred during Ministerial statement on British Steel.


British Steel

The noble Lord should probably reflect on the answer I gave to the previous question. We will appoint an independent valuer to take into consideration all aspects related to British Steel. Obviously, we have advanced British Steel £555 million for its running costs. That will also be taken into consideration by the independent valuer and we will abide by its final decision.


Secondary information

Type
Proceeding contribution
Reference
858 c892 
Session
2026-27
Chamber / Committee
House of Lords chamber
Subjects
British Steel Iron and steel Manufacturing industries Nationalisation
Link
View this Proceeding contribution on hansard.parliament.uk