Member

The workers at Speciality Steel UK have faced years of uncertainty. The plants have been mothballed and the jobs furloughed for several years. This outrageous situation is a monument to years of neglect by successive Conservative Governments, who let this industry decline, but this Government and I have taken a different approach. We have done all we can to rebuild the sector, and we have confronted its challenges head-on. In the case of Speciality Steel, complex ownership structures and opaque financing arrangements have amplified the headwinds of the wider sector. I do not need to remind the House about this case’s links to a prominent ongoing corporate scandal involving a former Conservative Prime Minister.