Member

New clause 9 would place a clear duty on the Secretary of State to actively seek a private sector purchaser for any nationalised steel undertaking and to report to Parliament every six months on the progress made. The Minister has said at the Dispatch Box that he sees the Bill as a potential route to a new private sector investor co-investing alongside the Government, but at the moment, it lacks any credible exit plan. Our new clause would ensure that Ministers actively work towards returning the business to private ownership.