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1128464
registered interest false more like this
date less than 2019-05-23more like thismore than 2019-05-23
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading British Steel: Nationalisation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make it his policy to nationalise British Steel. more like this
tabling member constituency Warrington South more like this
tabling member printed
Faisal Rashid more like this
uin 257820 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-04more like thismore than 2019-06-04
answer text <p>Nationalisation would change the ownership of the plant, but not how it operates. It would require the Government to take on the company’s outstanding financial obligations and may not provide the necessary legal security and protection for taxpayers’ investment.</p><p> </p><p>Once nationalised, in line with strict state aid rules for steel, the Government would have to act in the same was as any private owner, thinking principally of making a profit.</p> more like this
answering member constituency Pendle more like this
answering member printed Andrew Stephenson more like this
question first answered
less than 2019-06-04T07:57:26.13Zmore like thismore than 2019-06-04T07:57:26.13Z
answering member
4044
label Biography information for Andrew Stephenson remove filter
tabling member
4670
label Biography information for Faisal Rashid more like this
1128609
registered interest false more like this
date less than 2019-05-23more like thismore than 2019-05-23
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Department for Business, Energy and Industrial Strategy: Iron and Steel more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the proportion of UK steel and steel products procured by his Department in (a) 2017 and (b) 2018. more like this
tabling member constituency Blaenau Gwent more like this
tabling member printed
Nick Smith more like this
uin 257727 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-06more like thismore than 2019-06-06
answer text <p>For the first time this year the Department for Business, Energy and Industrial Strategy published information from Government departments and their arm’s-length bodies on the value and origin of the steel procured over the financial year 2017/18, where this information was available. The Department for Business, Energy and Industrial Strategy did not directly procure any steel, from the UK or overseas, in this period for major projects.</p><p> </p><p>We will continue to work closely with departments and their arm’s-length bodies to improve awareness of the steel procurement guidance and the quality of the information that they are able to provide us on the steel procured for their major projects.</p><p> </p><p>In publishing this data and the annual Steel Pipeline, we are supporting the industry to maximise its potential for growth, enabling steel businesses to plan for future demand, and ultimately increase the amount of UK steel used in both public and private UK projects. The Steel Pipeline shows how the government plans to use over 3 million tonnes of steel – worth around £500 million – over the next decade, on infrastructure projects such as the construction of Hinkley Point C and the maintenance and upgrading of the UK’s motorway network.</p>
answering member constituency Pendle more like this
answering member printed Andrew Stephenson more like this
question first answered
less than 2019-06-06T09:49:04.393Zmore like thismore than 2019-06-06T09:49:04.393Z
answering member
4044
label Biography information for Andrew Stephenson remove filter
tabling member
3928
label Biography information for Nick Smith more like this