Richard Tice

Richard Tice

Reform UK — Boston and Skegness

Speaking in the House of Commons on 14 September 2026

Debate

Speciality Steel UK

Contribution

I congratulate the Government on making the decision to take Speciality Steel UK into public ownership, but the truth is that it should have been taken earlier. The preferred bidder was never going to perform. It has never made any steel, it did not have any money, it was seeking aggressive financing and it was using an investment adviser who fundamentally failed. I am troubled that the Government are now using the same investment adviser to advise them on British Steel. I urge the Government and the Secretary of State, who are doing the right thing with steel, to come up with a combined vision for Speciality Steel UK and British Steel. Merge them, invest in them, get the working capital going and get the production going. That will make it viable, that will get the cash flow positive again and that is in the strategic national interest.

More from Richard Tice

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Richard Tice's full parliamentary record including voting history, expenses and all other contributions, see the Richard Tice report card.