Written Question·Department for Business and Trade·UIN 51761

British Steel: Company Liquidations

Tabled: 12 May 2025

Answered: 15 May 2025

Named Day

Question

Gregory Stafford

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 7 May 2025 to Question 46621, whether he has made an estimate of the potential cost to the public purse of British Steel entering liquidation during the period of special meas

Answer

Sarah Jones

It would be a breach of the Steel Industry (Special Measures) Act for British Steel to be put into liquidation while the special measures are in place. Prior to the Act becoming law, the Government undertook assessments of the potential cost to the public...

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