Blair McDougall MP: speeches

Speeches

• 16 Jul 2026 · British Steel · Hansard source

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  I express regret and apologies, Mr Speaker, not only for the issue you just raised, but that we were not able to lay the regulations before Parliament before they came into force. After very careful consideration informed by the significant commercial and diplomatic sensitivities involved in the transfer, and to ensure operational continuity, the Government decided that it was necessary for the acquisition to take place outside of working hours. Following Royal Assent of the Steel Industry (Nationalisation) Act 2026, the Secretary of State has taken the decision that it is necessary, in the public interest, to exercise the powers in the Act to transfer British Steel into public ownership. We have not taken the decision lightly, but we consider that it is the only viable route forward in the circumstances. British Steel is among the UK’s largest steel producers and has an important capability in the production of several essential steel products that are integral to the construction and maintenance of our critical national infrastructure. I reiterate the Government’s thanks to parliamentarians on all sides for their constructive approach during passage of the Act. Today’s decisive action secures British Steel’s immediate future, secures steelmaking in support of our steel strategy, and supports the jobs and steelmaking communities that have underpinned the business for decades.

• 16 Jul 2026 · British Steel · Hansard source

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  As the Minister for Industry has set out, on the issue of cost, it is our intention to continue with the practice under the previous Act of coming to Parliament on a quarterly basis with a written ministerial statement to set out the costs. As we appoint the new board, we will also be keen for the owners and operators of British Steel to be accountable to Select Committees.