Jo Stevens

Jo Stevens

Labour — Cardiff East

Speaking in the House of Commons on 16 July 2025

Debate

Spending Review 2025

Contribution

The Government’s investment in the electric arc furnace shows how serious our commitment is to the steel industry, not just in south Wales but across the UK. It is why we have slashed energy costs for steel producers and other energy-intensive industries through the industrial strategy, strengthened procurement rules to use even more UK steel in construction, ensured that the UK is the only country in the world not paying 50% tariffs to the United States, and boosted trade defences to protect the sector against foreign imports. The steel strategy, which we will publish later in the year, will also deliver up to £2.5 billion of investment to help to maintain jobs and growth.

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