L

Lord Newby (LD)

Speaking in the House of Lords on 23 April 2026

Debate

Steel Sector

Contribution

My Lords, I return to energy prices, which are obviously one of the main constraints for the growth of the British steel industry. Earlier in the week, the Government announced that they are breaking the link between gas and electricity prices, with a view to reducing electricity prices. To what extent does this new measure impact the steel industry in a positive sense? To the extent that it will, how quickly does the noble Lord expect the measure to take effect?

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