Member

Independent analysis earlier this year found that British Steel alone supports more than £1 billion in GDP and over 20,000 jobs across the UK. We have seen a range of different interventions this year, including the steel strategy and the measures on trade, which have been welcomed by industry as some of the most significant interventions in over a decade to support sovereign domestic production, and now we have this Bill, which allows the option of full public ownership. As the Minister said, that is another useful tool in the arsenal to protect sovereign capability.