Mr Redwood’s intervention during the Statement on the UK Steel Industry, 11 April

John Redwood (Wokingham) (Con): Will the Secretary of State look at finding a long-term, cheap energy solution for Port Talbot, which is crucial? What constraints is the European Union placing on aid to the steel industry?

The Secretary of State for Business, Innovation & Skills (BIS) (Mr Sajid Javid): I can give that commitment to my right hon. Friend, who speaks with a great deal of experience both of Wales and of business. He is right to identify energy as an issue. I do not believe that the constraints are coming from the EU, and we have demonstrated that there is action that we can take, but there is more that we can do. My right hon. Friend has good ideas and I look forward to discussing them with him further.

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One Comment

  1. Antisthenes
    Posted April 13, 2016 at 5:09 am | Permalink

    A coincidence that my idea for government to take part ownership of Port Talbot is being considered or does Sajid Javid read your articles? Interesting that at Scunthorpe the work force is going to take a pay cut. Precisely what workers have to do if competition is killing off their industry especially if they cannot find alternative employment locally and are not prepared to move elsewhere to find it.

    Of course Ed Milliband and the EU have a lot to answer for for firstly implement policies that make UK energy costs so unnecessarily high. Secondly for tying the UK’s hands so that government is constrained in what assistance it can give to it’s own businesses and how they regulate them. Thereby making them less viable and competitive than they should be.

  • About John Redwood

    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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