Jonathan Reynolds

Jonathan Reynolds

Labour (Co-op) — Stalybridge and Hyde

Speaking in the House of Commons on 14 September 2026

Debate

Speciality Steel UK

Contribution

I welcome the support from the hon. Gentleman for the decisive action we are taking. On his point about potentially combining British Steel and, if it were acquired in the public interest, Speciality Steel UK, I urge caution in that regard. The job required at Scunthorpe and Teesside for British Steel is in itself a significant industrial transformation. Not many transformations of this kind or scale have actually been done in Europe. What Tata Steel is doing with us in Port Talbot is a significant example of that. This is another set of issues. I think the House is aware that a different set of factors that really pertain to ownership have led us to this situation, so there are two distinct problems. We are taking action on both, but they are distinct and I would not at this stage recommend the bringing together of those two things. That is too big a task. We are better served by looking at them as distinct things to solve.

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