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Proceeding contribution from Lord Henley (Conservative) in the House of Lords on Wednesday, 24 July 2019. It occurred during Ministerial statement on British Steel.


British Steel

My Lords, I am very grateful to the noble Lord for his support. As my right honourable friend made clear, he was grateful for the support from all sides. That was the point behind setting up the support group, which, as I made clear in repeating the Statement, has met eight times and will continue to meet. If he listened to the Statement being made in another place, he will have noticed that those meetings have been taking place in Doncaster. The honourable Member for Doncaster even offered her house as a venue for further meetings of that group, which shows that there has been cross-party support from MPs on all sides, as well as from the unions, local authorities, LEPs and others—I need not repeat what was in the Statement.

The noble Lord also asked about the indemnity. The important point to remember is that my right honourable friend made it quite clear that he will do whatever he legally can. I cannot give the noble Lord the precise figures on how much has been spent, but, while it is possible for him to do that, he will continue to do so because the consequences of a closure are obviously very great. If we close down a steelworks, we cannot just turn it on again the following Monday. It is lost forever.

Finally, it remains the intention of the official receiver —and we also believe this is the right process—to sell the group as a whole if possible.


Secondary information

Type
Proceeding contribution
Reference
799 c756 
Session
2017-19
Chamber / Committee
House of Lords chamber
Subjects
British Steel Insolvency Official receiver Sales
Link
View this Proceeding contribution on hansard.parliament.uk