MP blasts Business Minister over steel sale

14 April 2016

Aberavon MP Stephen Kinnock has criticised Business Minister Sajid Javid for his response to Tata’s decision to put its UK steel plants – including the Port Talbot works – up for sale.
He said in a statement following an emergency debate in the House of Commons: “For too long Sajid Javid’s approach has been characterised by a laissez faire attitude, so it is encouraging that he has finally started to engage with the issues.
“But the Secretary of State failed to answer my questions about what specific measures the Government is taking to secure the customer base for Tata’s strip products.
“Retaining consumer confidence is not only vital to consolidate the revenue streams at works like Port Talbot, but it is also vital in maintaining the necessary investor confidence for a responsible commercial operator to be found.
“Second, the Secretary of State announced that the Government would support ‘co-investment’ with a commercial operator. This is yet further evidence of the fact that this shambolic Government is making policy on the hoof.
“It is time the Secretary of State made a clear and comprehensive written statement, explaining what the Government is or is not prepared to do, in terms of intervention.
“Finally, the Secretary of State again failed to assure both us and potential buyers that the British Government would fight for British steel. The jury will stay out until the Government acts on the massive dumping of Chinese steel that is the root cause of this crisis.”
According to a report in the Financial Times, the deadline for the sale of Tata’s UK assets has been extended until May 28.

 

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