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Baroness Gustafsson (Lab)

Speaking in the House of Lords on 24 April 2025

Debate

British Steel

Contribution

The noble Baroness is right. Today’s world feels like it is changing from a Monday to a Tuesday. We must not forget that in all of this, we should have that north star—what are those assets that we have within the UK and those industries that we see encouraging all our future growth, and how can we support them? The purpose of the Government’s industrial strategy is to illuminate exactly that: how do we identify those key sectors and what are the facets that we need to intervene in to be able to support the growth? A key aspect of that is energy costs, which is why things such as the supercharger scheme is so important. They need to be targeted at those sectors that we see as really essential to the UK.

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