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Lord Teverson (LD)

Speaking in the House of Lords on 24 November 2025

Debate

ExxonMobil: Mossmorran

Contribution

My Lords, it is clearly a tragedy for the petrochemical industry in terms of this plant in Scotland. However, in a way, it is only a precursor for the tsunami that is about to happen to the steel industry if we are not careful. As a third country to the European Union—which we unfortunately are now, due to the Conservative Party—we will now face 50% tariffs on our steel industry, 80% of our exports of which go to the European Union. Can the Minister update us on what her department is doing to prevent that wiping out of the UK steel industry that is about to happen, given our third country status?

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