Ministerial statement on Monday, 20 July 2026, in the House of Lords, led by Lord Leong.

British Steel

Lords statement on the nationalisation of British Steel.

Secondary information

Type: Parliamentary proceeding
Reference: 858 cc889-892
Session: 2026-27
Department: Department for Business and Trade
Chamber / Committee: House of Lords chamber
Proceeding contributions: Lord Sharpe of Epsom | 858 c889 (Link to this contribution)
My Lords, the Government’s record on steel over the past two years has, I am afraid, been disastr...; Lord Leong | 858 c889 (Link to this contribution)
My Lords, I am sure the noble Lord remembers that we discussed this at length during the passage ...; Lord Fox | 858 c889 (Link to this contribution)
My Lords, the Minister talked about transparency and I am pleased that we were able to insert tho...; Lord Leong | 858 c889 (Link to this contribution)
My Lords, British Steel is now a government-owned company with the Secretary of State as its sole...; Lord Fox | 858 c889 (Link to this contribution)
Who is the Secretary of State?; Lord Leong | 858 c889 (Link to this contribution)
All will be revealed in due course. The noble Lord will know that we took control of British Stee...; Lord Lamont of Lerwick | 858 c891 (Link to this contribution)
My Lords, is not the decision by the Government to try to protect British Steel by imposing tarif...; Lord Leong | 858 c891 (Link to this contribution)
No, it is not. Let us not forget that overcapacity and artificially cheap steel are why our steel...; Lord Sikka | 858 c891 (Link to this contribution)
My Lords, I welcome the Government’s decision to nationalise British Steel, but I seek some clari...; Lord Leong | 858 c891 (Link to this contribution)
My Lords, the Government’s current view is that, given British Steel’s history of loss-making and...; Lord Redwood | 858 c891 (Link to this contribution)
On nationalisation, have the Government also taken responsibility for the historical debts and bo...; Lord Leong | 858 c892 (Link to this contribution)
The noble Lord should probably reflect on the answer I gave to the previous question. We will app...; Lord Razzall | 858 c892 (Link to this contribution)
My Lords, today is a very significant day, as everybody knows. Will the Minister confirm whether ...; Lord Leong | 858 c892 (Link to this contribution)
My Lords, the answer to that is no. This is not an ideological nationalisation. It is a targeted,...; Baroness Alexander of Cleveden | 858 c892 (Link to this contribution)
My Lords, I welcome that last answer. It is, of course, just a few minutes ago that we were discu...; Lord Leong | 858 c892 (Link to this contribution)
My Lords, the Government recognise that some specialist grades of steel used in precision enginee...; Lord Redwood | 858 c892 (Link to this contribution)
Can I confirm that the Minister said yes when I asked whether the state is taking responsibility ...; Lord Leong | 858 c892 (Link to this contribution)
My Lords, I said in my previous answer that we will abide by the independent valuer’s final valua...; Lord Fox | 858 c892 (Link to this contribution)
My Lords, the important part of my question was: when does the Minister think that this board wil...; Lord Leong | 858 c892 (Link to this contribution)
It will be when the new Secretary of State is appointed.
Subjects: British Steel Iron and steel Manufacturing industries Nationalisation
Link: View this Parliamentary proceeding on hansard.parliament.uk

British Steel

Secondary information

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