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 am grateful to my hon. Friend for her advocacy on behalf of her constituents. She and I have discussed the matter several times. For colleagues who are less aware of the issue, Dalzell is a separate legal entity and company from Speciality Steel and thus separate from the full plans that we are talking about. Dalzell is still owned by the Gupta Family Group, but many of the same issues are found there. My hon. Friend knows that because that part of the business is not being run by the official receiver—it is a different set of circumstances—with any interest that we had, we would have to establish the level of liability, and the flow of public money that would be required, given the former associations that it has. We do not have current plans to do that, but we will remain closely engaged with my hon. Friend. I know that her constituents want to be back at work, and I share their frustration, but the House should be aware that Dalzell is in a different position from the rest of SSUK.

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