Jonathan Reynolds

I am always grateful for the support of the Father of the House, who has a long-standing interest in all industrial matters. However, I consider myself more obsessed with industrial energy prices than, frankly, any other Member of this House. I am great company when this subject comes up. On electric arc furnaces—which are the technology in use here and will be, I hope, in Scunthorpe at some point —we already have in place a set of policies that do not just put us on a par with some of our rivals, but actually give us a competitive position. That is the supercharger scheme for the most energy-intensive electricity users. The Father of the House will know that we have also launched, as part of the industrial strategy, the British industrial competitiveness scheme which is about to come into force. In effect, it is a scheme for manufacturers, and again it significantly moves the dial on their competitiveness. I recognise this issue, but we have done more than previous Governments, and we will continue to do more on it. I agree entirely with the Father of the House’s case, but I think we must recognise the very substantial work that has already gone on. I considered BICS to be the centrepiece of the industrial strategy when we launched it, because it moves the dial so significantly on our competitiveness not just for steel, but across a range of manufacturing sectors.