Category: Trade

  • Keir Starmer – 2025 Statement in India

    Keir Starmer – 2025 Statement in India

    The statement made by Keir Starmer, the Prime Minister, on 9 October 2025.

    Namaskar doston. Prime Minister Modi, it was an honour for me to host you in the United Kingdom in July at Chequers, and I am so delighted to be making this return visit just a few short months later. And can I just extend my thanks to the very warm welcome that you and the whole country extended to me as Prime Minister, to the whole delegation and through us, to the whole of the United Kingdom. 

    It is very much appreciated, very much noticed, and it is an important statement as we stand here, about our shared commitment to this special relationship. Because we are building something here, we are creating a new, modern partnership focused on the future and on winning the opportunities that it offers, and we’re doing it together. And that’s why we struck the UK-India Comprehensive Economic and Trade Agreement in July. A breakthrough moment, years in the making. Slashing tariffs, increasing access to each other’s markets to drive growth and create jobs for our people and making life better in both of our nations. 

    Beyond the words on the page of the agreement is the spirit and the confidence that that has given to our two great countries to work even more closely together, something which we’ve seen evidence during the course of this visit here over the last two days. 

    It is significant that we’re meeting here in Mumbai as India’s economic and financial capital, because India’s growth story is remarkable. I want to congratulate the Prime Minister on his leadership, aiming to be the world’s third largest economy by 2028. And your vision of Viksit Bharat is a completely developed country by 2047, and everything I’ve seen since I’ve been here is absolute proof to me that you’re on track to succeeding in that. So we want to be partners on that journey, and my visit this week is about doubling down on the potential of our trade deal for the benefit of all of us, and that’s why I brought a record 126 British businesses with me to India this week. We had to get a bigger plane to travel over here than the one we planned, but that delegation is some of our biggest, most iconic businesses, and smaller and medium sized businesses, but also leaders from education, some of whom are with us here, and sport and the arts. 

    As I say, our largest trade delegation for a decade, and so my first as Prime Minister, so of course, the destination for that had to be here, had to be India. Later today, the Prime Minister and I will convene a renewed CEO forum, and that was much discussed yesterday as a direct channel for business. There was a real buzz in the room yesterday that this forum is going to have real life breathed into it to embody the agreement that we’ve already reached to ensure that the deal does deliver the opportunities that we want to see. And we are committed to that, and when we leave India later on tonight I expect that we will have secured major new investments creating thousands of high-skilled jobs in the sectors of the future for both of our nations. 

    The UK and India stand side by side as global leaders in tech and innovation, and so we’ve also taken the opportunity to deepen our cooperation through our Technology Security Initiative with new commitments on AI, advanced communication, defence technologies and much, much more. We’re announcing a deal to make Bollywood films in the United Kingdom after a fantastic visit to the studio yesterday. And we’re deepening our cooperation in education as we’ve evidenced here on the film and with the people that we have in the room. It is the younger generation in India who will lead the charge to deliver on that 2047 target. The demand for the best quality higher education is very high, so I’m really pleased that we’re announcing today that all British universities will be setting up campuses right here in India, making Britain India’s leading international provider of higher education and delivering on our Vision 2035 that we set out in July. 

    These incredible economic bonds are the jewel in the crown of this relationship, but of course, our cooperation goes much wider too, and so we’ve had the opportunity to discuss issues of vital importance to global stability and security, including the situation in the Middle East. I strongly welcome the news that a deal has been reached on the first stage of the peace plan in Gaza. This is a moment of profound relief that we felt around the world, but particularly for the hostages, their families and for the civilian population of Gaza who have all endured unimaginable suffering over the last two years. I’m grateful for the tireless diplomatic efforts of Egypt, Qatar, Türkiye, United States and many others in securing this crucial first step. 

    This agreement must now be implemented in full, without delay and be accompanied by the immediate lifting of all restrictions on life saving humanitarian aid to Gaza. The UK will support these crucial immediate steps and the next stages of the talks to ensure the full implementation of the peace plan. 

    The Prime Minister and I also discussed the need for a just and lasting peace in Ukraine, the need for stability and security in the Indo-Pacific, and the need to cooperate in critical areas like climate and energy, including breaking away from dependence on fossil fuels. 

    India is a global player. We sit together in the Commonwealth, the G20, and we want to see India taking its rightful place on the UN Security Council too, so we are committed to strengthening our strategic partnership and in fact has already been mentioned, our carrier strike group is, is here in India right now exercising with the Indian Navy, showing the strength of that relationship on defence and security which we’ve discussed this morning we want to take even further. 

    And look, the whole thing, this particular partnership, goes much deeper because in the end it is about people. The human connections between India and the UK are unique, forming what Prime Minister Modi has called the living bridge between our two countries. A bridge between people, a bridge between hearts, and in that spirit Prime Minister, I want to express my deepest sympathies to all the victims of the Air India crash earlier this year. A terrible day and a tragedy for both of our nations, and it showed, frankly, that we are family. 

    And I am proud this week that we are taking this incredible partnership between our two nations and making it stronger than ever for working people on both sides of that bridge. Finally, I’d like to take this opportunity, as we enter the festive period, to wish the people of India joy and happiness and a very happy Diwali. Diwali ki shubhkamnayein. Thank you.

  • Keir Starmer – 2025 Comments to Press at UK Trade Mission to India

    Keir Starmer – 2025 Comments to Press at UK Trade Mission to India

    The comments made by Keir Starmer, the Prime Minister, in India on 9 October 2025.

    Back in July – together with Prime Minister Modi – I signed the historic UK and India Comprehensive Economic and Trade Agreement.

    It is a huge deal for the United Kingdom. The most ambitious trade deal India has ever done. And, like our deals with the US and the EU, people said it would never happen. They said it couldn’t be done.

    But we did it. Because of this government’s approach: outward facing, proud, and determined to deliver for Britain.

    And as a result we are opening up new opportunities in India for British businesses. Opportunities that other countries simply do not have. It has given us a unique edge.

    So I have come here this week, leading our biggest trade delegation to India ever to follow through on this deal. 

    That means 126 CEOs, tech entrepreneurs, SMEs, Vice-Chancellors, sports and cultural leaders all here with me to seize the incredible benefits that this deal offers for the British people.

    The opportunity is clear. Just look at the sheer scale of India: the world’s largest democracy, on track to become third largest economy by 2028, an economic superpower in the making. And we are perfectly placed to be partners on that journey.

    We want to build the sectors and the skills of the future together. So this trade deal is a launchpad to boost British leadership in everything from tech, to life sciences, to renewable energy, and much more beyond that.

    And we have seized these opportunities in full this week – delivering real results for the British people, securing new investments into the UK worth £1.3 billion, and creating 10,600 jobs.

    That is remarkable. It includes 1,500 jobs in the North West, over 1,000 across the midlands, 200 in Yorkshire and the Humber, and 700 in Northern Ireland.

    Great jobs – in advanced engineering, in defence, in car production, film making and technology. Delivering real change that people will see in their communities up and down the country. And that’s what this is all about.

    And what we’re doing together in tech is a great example. The UK is one of only three countries in the world with a trillion-dollar tech sector. India is poised to be the fourth. We are both top four AI powers, and we’re taking this opportunity to go further. 

    We’re deepening the UK-India Technology Security Initiative to boost opportunities for great British companies and deliver dozens of new investments into the United Kingdom.

    Harnessing tech as one of the biggest engines we have for jobs and growth. Other stand-out wins this week have come in filmmaking, with the announcement that three new Bollywood blockbusters will be made in the United Kingdom.

    And in education, with the announcement today that the University of Lancaster and the University of Surrey will open new campuses in India – joining other British universities setting up here and making the UK India’s top international education provider.

    So we are out there, leading the way and winning these opportunities for our country. Because, the fact is, this relationship matters more than ever.

    Across the economy, security, energy, climate and more. Our history together is deep, the human connections between our people are truly special. So this week we have built on all that.

    Building on our historic trade deal, we are remaking this partnership for our times, forward facing, focused on winning the opportunities of the future, together, and bringing them home for the British people.

    Now before I open for questions, I want to strongly welcome the news that a deal has been reached on the first stage of President Trump’s peace plan for Gaza.

    This will come as a profound relief for the hostages and their families, and the civilian population in Gaza, and for the whole world. And we will now work with our partners to ensure this deal is implemented in full and without delay.

    Thank you.

  • Keir Starmer – 2025 Comments Following UK’s Economic Trade Deal with the US

    Keir Starmer – 2025 Comments Following UK’s Economic Trade Deal with the US

    The comments made by Keir Starmer, the Prime Minister, on 8 May 2025.

    Just a few moments ago, I spoke to President Trump, the President of the United States.

    And I am really pleased to announce to you, and I wanted to come to you to announce it, that we have agreed the basis of an historic Economic Prosperity Deal.

    That is a deal will protect British businesses and save thousands of jobs in Britain, really important, skilled, well-paid jobs.

    It will remove tariffs on British steel and aluminium, reducing them to zero.

    It will provide vital assurances for our life sciences sector, so important to our economy and grant unprecedented market access for British farmers without compromising our high standards.

    And for the great British cars that you make here, that we see all around us, this deal means that US tariffs will now be cut from 27.5% to 10% for 100,000 vehicles every year, that’s a huge and important reduction.

    And I know from when I was last here, how much that will have been weighing on your minds when you knew the size of the tariffs that would otherwise be in place.

    To get that decrease was hugely important to me and I can tell you my teams were working really hard on this deal night and day for weeks. I was working with them.

    And in politics what matters sometimes is who you have in your mind’s eye when you are making these deals, who do you have in your mind’s eye when you are taking decisions.

    What I took away from here last time was you and the brilliant work that you do and had you in my mind’s eye as we did that.

    We have scope to increase that quota as we go forward, this is not fixed, this is where we have got to.

    And all of these tariff cuts will come into place as soon as possible and that’s really important in relation as well to the work that you are doing, and the brilliant cars that you make.

    And as Adrian has said I was here with you just a few weeks ago and I promised you that I would deliver in the national interest.

    And today I am really pleased to come back here, to be able to look you in the eye and say I have delivered on the promise I made to you.

    And that’s why as soon as I knew this deal was coming in today, I said I want to come back to JLR to talk to the workforce there, for whom this means so such.

    Now of course we are the first country to secure such a deal with the United States.

    In an era of global instability that is so important. The great challenge of our age is to secure and renew Britain.

    And that is what we are going to do.

    Acting in the national interest.

    Shaping this new era – not being shaped by it.

    If it’s not good for Britain, we won’t do it.

    If it doesn’t mean more money in people’s pockets, we won’t do it.

    If it doesn’t mean security and renewal in every part of the country – we won’t do it.

    But that doesn’t mean we’re turning inward.

    Instead, we are sending a message to the world that Britain is open for business – seeking trade agreements with India on Tuesday, with the US today, and working to boost trade with other partners too – including of course the EU with who we have an important meeting just a week on Monday.

    Making deals that will benefit working people.

    You know – in recent years an idea has taken hold that you show strength by rejecting your allies.

    That you shut the door, put the phone down, storm off. I’ve had plenty of people urging me to do that rather than stay in the room and fight for the interests of our country.

    I want to be absolutely crystal clear – that is not how this Government operates. It is never how this Government operates. We don’t storm off, we stay in the room, and we negotiate, and we work for our country with the national interest at the foremost of our mind.

    Because the other way of working doesn’t deliver the benefits that working people need.

    And so I also want to be clear – this is just the start.

    With the deal we have done today we can say: jobs saved. Jobs won. But not job done.

    Because we are more ambitious for what the UK and US can do together.

    So we are hammering out further details to reduce barriers to trade with the United States across the board.

    We have £1.5 trillion invested in each other’s economies, creating 2.5 million jobs across both countries.

    There are so many areas where I think we can even more than that and put more pounds in the pockets of working people across the United Kingdom.

    As the two biggest services exporters in the world, we will work to bring down barriers, creating jobs in our thriving services sectors – in Leeds, in Manchester, London and Birmingham.

    As the only two western nations with trillion-dollar tech sectors we will go further to deepen our partnership in new technologies to shape the innovations of this century together and create the jobs of the future.

    Because, look – our history shows what we can achieve when we work together.

    And what timing for this deal, that we have agreed this deal on VE Day.

    80 years ago, today Churchill was addressing the nation at the end of the Second World War. Victory in Europe.

    And we were standing the United Kingdom with the United States on defence and security. For 80 years we have been the closest of partners, and today we have added to that trade and the economy in the special relationship between us.

    Defined by peace and economic prosperity.

    So, it is fitting today that we renew the bond on the 80th anniversary of VE Day.

  • Douglas Alexander – 2025 Statement on Trade Negotiations

    Douglas Alexander – 2025 Statement on Trade Negotiations

    The statement made by Douglas Alexander, the Minister for Trade Policy and Economic Security, in the House of Commons on 6 May 2025.

    I wish to make a statement on the progress that this Government have made towards a UK-India trade deal. I am delighted to inform the House that we have now concluded negotiations on a comprehensive, modern agreement with the fastest-growing economy in the G20.

    Hon. Members will no doubt be aware that India is expected to be the third-largest economy in the world by 2028. By the end of this decade, it will be home to an estimated 60 million middle-class consumers, and with trade between the United Kingdom and India already standing at north of £43 billion, we know that this powerhouse economy is and will remain a hugely important market for British businesses. While past Governments have failed to negotiate a deal with India, this Government have today succeeded. We have brokered the most generous trade deal ever agreed by India in its history.

    From day one of this deal coming into force, it will make trade between our countries cheaper, easier and quicker. UK exporters will benefit from much lower tariffs across a whole host of sectors, including those that we are prioritising in our industrial strategy. It means simplified customs processes for businesses in advanced manufacturing and aerospace, in the food and beverage sector, and in the creative sector, which will benefit from improved copyright protection.

    For our world-leading financial and professional services companies, this deal locks in access to India’s fast-growing market. It will ensure that UK banks and finance companies are placed on an equal footing with Indian suppliers, and it encourages the recognition of professional qualifications, so that UK and Indian firms can access the right talent at the right time, whether they are in Mumbai or Manchester. This deal will unlock new opportunities for businesses in every part of the United Kingdom, including our advanced manufacturing companies in the north-east, our iconic Scottish whisky brands and our car plants in the west midlands. In all, we will have secured over £400 million in tariff reductions in the first year alone, doubling to around £900 million after just 10 years.

    Crucially, the deal we have negotiated will provide bespoke support for small and medium-sized enterprises to enter the Indian market, alongside a firm commitment from India to address the trade barriers that those businesses face. Since taking office, we have committed to hardwiring the views and interests of small businesses into everything we do, and the deal we have negotiated is evidence of that. For the very first time, British businesses will have guaranteed access to India’s vast procurement market, covering goods, services and construction. They will be able to bid for approximately 40,000 tenders worth at least £38 billion a year.

    The deal that we have just got over the line is further proof that this Government are using the power of international trade and investment to raise living standards here at home. Indeed, experts predict that it will boost our bilateral trade by some £25.5 billion. It is also projected to increase UK wages by £2.2 billion each year, while adding nearly £5 billion to our GDP over the long run.

    We have done all that while defending stoutly the UK’s national interest. We have brokered a deal that protects our NHS and upholds our high food standards. It ensures that our points-based immigration system remains unaffected. The deal demonstrates our commitment to both workers and businesses, staying true to our Labour values while contributing to our primary mission of economic growth.

    I recognise that this House will need time to scrutinise the deal before the ratification process. My Department will follow the process set out in the Constitutional Reform and Governance Act 2010 in sharing the finalised treaty text with hon. Members. The House will, of course, have the opportunity to scrutinise any legislation associated with its implementation.

    This deal sends a powerful message about the UK and India’s shared commitment to free, fair and open trade. The UK-India relationship has deep, enduring roots, exemplified by the living bridge of 1.9 million people of Indian heritage living in the United Kingdom. While I do not personally lament that the right hon. Member for Richmond and Northallerton (Rishi Sunak) is no longer the UK’s Prime Minister, it would be wholly wrong of me not to acknowledge his significant achievement as the first British-Indian Prime Minister, which is a testament not just to his own ability but to the close bonds that unite our two nations.

    The Government are proud to back open markets and free trade. We recognise that Britain has always been an open, outward-looking trading nation, and we believe that open markets and free trade are fundamental building blocks with which the UK can secure its opportunities and prosperity at home and abroad. Through our upcoming trade strategy, we will set out our ambitions to engage with more industrial giants, like India, to ramp up trade and investment over the coming months and years.

    Today, though, as close trading partners and as friends, I am proud that we have secured this deal with India. It is a deal that affords UK businesses certainty and stability during a time of global uncertainty and instability, and a deal that will give British businesses access to one of our biggest markets abroad, while raising wages and driving growth here at home. That is what this deal delivers, and I commend this statement to the House.

  • Richard Foord – 2025 Speech on UK-USA Trade Agreements

    Richard Foord – 2025 Speech on UK-USA Trade Agreements

    The speech made by Richard Foord, the Liberal Democrat MP for Honiton and Sidmouth, in the House of Commons on 30 April 2025.

    I beg to move,

    That leave be given to bring in a Bill to require the Secretary of State to lay before Parliament any trade agreement between the UK and the USA which the Government proposes to implement; to prohibit the implementation of such an agreement without the approval by resolution of each House; to make provision for the amendment of such agreements by Parliament; and for connected purposes.

    Let us cast our minds back four years to the spring of 2021. Liz Truss was the Secretary of State for International Trade. Boris Johnson was Prime Minister. The export of British goods to the EU had fallen sharply in January of that year, and the end of the Brexit transition period was nigh. The Government were in a hurry. Boris Johnson sat down for dinner with the Australian Prime Minister here in Westminster. After three hours of small talk, a little negotiation and plenty of Australian red wine, Johnson agreed to remove tariffs on over 99% of Australian products entering the UK, including beef. The Government knew that such a deal would harm the UK agriculture and food industries. The Government’s own analysis predicted that the deal could leave the UK agriculture and food sectors £278 million worse off.

    The Australian high commissioner, who had been sitting at the table, moved quickly. Scribbling down Johnson’s generous pledge, he excused himself to go to the toilet and handed a note to an aide as he did so. Within minutes it was scanned, turned into a formal trade document, printed and slipped into an official-looking folder. The high commissioner then casually walked back into the dinner carrying the so-called deal. That was all it took to sell out the UK’s farmers: a wine-soaked dinner, a hastily scribbled note and a signature from a Prime Minister prepared to ignore the good advice of his own trade negotiators.

    Without proper parliamentary scrutiny and a vote on any deal with the United States, we risk adding to the pressure on our already struggling farmers, stripping away safeguards on British citizens’ data and sidelining democratic scrutiny itself. Currently, parliamentary scrutiny of international treaties in the UK is woefully inadequate. The Government can negotiate and sign a treaty with another country—even one as significant as the US—using prerogative powers, without having to put it to a vote in Parliament. Under the Constitutional Reform and Governance Act 2010, known as CRaG, signed treaties must be laid before Parliament for 21 sitting days. Parliament can raise objections but it cannot propose amendments and there is no requirement for a vote. Recommendations born of scrutiny are advisory, and not in the least bit binding.

    Evidence was provided to the International Agreements Committee in the other place last year. It showed just how outdated the UK’s treaty scrutiny system is, set against how trade arrangements have evolved and become more complicated. Modern trade deals now reach deep into domestic policy: they shape our food standards, our data rights and even the regulation of artificial intelligence. If Back-Bench MPs are shut out of the process, so too are the people we represent.

    Parliamentary scrutiny was demonstrably weak in the wake of the UK’s trade deals with Australia and New Zealand. The International Trade Committee condemned the Government’s approach, saying that it had “undermined” scrutiny. The Johnson Government did this by triggering the 21-sitting-day statutory period before Committees had received evidence or completed reports on the trade deal. This meant that Parliament had little information with which to assess the agreements. When the Australia deal was signed, Labour—then in opposition—rightly demanded a parliamentary vote. Now in government, it would do well to heed its own previous calls for proper scrutiny.

    In east and mid-Devon, farmers who I represent have been hit hard by the poorly negotiated trade deals with Australia and New Zealand, which come on top of the planned changes to inheritance tax and the peremptory closure of the sustainable farming incentive. Even if a future UK-US trade deal upholds our food standards, west country farmers and others could still be undermined. The Government offer assurances about shutting out hormone-treated beef and chlorinated chicken, but concerns remain that the US could still flood the UK market with beef that is not hormone treated. The Government have assured us that there will be no compromise on environmental and animal welfare standards in the UK, but again, these assurances count for little if imports from overseas are not produced to the same environmental standards or with the same requirements for high animal welfare standards.

    The UK is already too reliant on imported food. Imports made up around 40% of the UK’s food supply in 2023. UK food self-sufficiency has already fallen sharply, from 78% in 1984 to just 60% today. There are those who say that some sectors will always fall victim to trade negotiations, because the Government must balance the demands of various industries, but some of the factors currently being discussed by our trade negotiators are cross-cutting, and that includes matters of digital trade and data.

    The US wants a digital-first deal. That would mean locking in rules that protect the interests of silicon valley, not the British public. It has already been speculated that the Government are considering reducing or scrapping the digital services tax, which would cut taxes for some of the wealthiest and most powerful American companies in the world at the expense of public service users in the UK. The Office for Budget Responsibility forecasted that the tax raised £700 million in 2024-25—revenue that the Treasury can ill afford to forfeit at this time.

    Vice President J. D. Vance alleged in a speech at the Munich security conference that

    “old, entrenched interests”

    are

    “hiding behind ugly, Soviet-era words like ‘misinformation’ and ‘disinformation,’”.

    That brand of free speech pays little heed to facts. Vance may be representing some not altogether transparent interests himself. The US is pushing to overcome data localisation. That could allow US-based tech firms to centralise their data operations in the United States and rule out data storage in the UK. If that came about, it would weaken the protection for British citizens’ data, making it difficult to enforce UK privacy laws.

    Take as an example the contract that Palantir agreed with the NHS in 2023 to install its federated data system. If a US-UK trade deal restricted data localisation, it could allow NHS medical records to be exported to the US, handing Palantir the power to exploit the enormous commercial value of British citizens’ data. Although Palantir claims that it will only act as a processor of data, its business model is rooted in extracting value from data for commercial ends. With access to one of the world’s richest health datasets, Palantir could package insights and sell predictive analytic services to private healthcare providers, insurers and pharmaceutical companies. Palantir’s co-founder Peter Thiel has called the NHS a system that “makes people sick”. He claims that freedom and democracy are no longer compatible. Parliament should have the means to ensure that Thiel’s understanding of freedom cannot bypass British democracy.

    This is not just about trade; it is about trust. The Leader of the Opposition should know: the right hon. Member for North West Essex (Mrs Badenoch) was the Secretary of State for International Trade in 2023 when the Australia and New Zealand trade deals came into effect. Farming paid the price last time, and it could happen again—our digital freedoms could pay the price, too.

    My Bill is simple: it does not block a US deal or tie the Government’s hands; it requires that Parliament has a greater say. That is what democracy demands, and that is what the public expects.

    Question put and agreed to.

    Ordered,

    That Tim Farron, Calum Miller, Helen Morgan, Sarah Olney, Edward Morello and Richard Foord present the Bill.

    Richard Foord accordingly presented the Bill.

    Bill read the First time; to be read a Second time on Friday 16 May, and to be printed (Bill 228).

  • Liam Byrne – 2025 Speech on British Steel

    Liam Byrne – 2025 Speech on British Steel

    The speech made by Liam Byrne, the Chair of the Business and Trade Committee, in the House of Commons on 22 April 2025.

    I want to thank the Government for saving British Steel. Our Committee has been clear that it is essential for us to retain the ability to make primary steel in this country, and the steps that were taken a couple of Saturdays ago have helped derisk exactly that. The Government deserve credit for that. However, the Committee has written to the Government to say that a steel strategy needs to come forward as quickly as possible. It must be a clear, long-term vision for the industry, and there must be safeguards against the potential of a floodtide of steel from China. We need to use public procurement much more aggressively to support our local industry, energy costs need to come down, and we need a plan to keep scrap onshore. Will the Minister tell us when she plans to bring forward that steel strategy? Ultimately, what is good for the steel industry is good for Scunthorpe.

    Sarah Jones

    My right hon. Friend is of course right: the steel strategy is all the more important now than when we devised it in opposition and committed £2.5 billion for the steel strategy fund in our manifesto. We are looking at how we use that financial support, and, as he knows, at how we might do primary production. We are investigating future market opportunities and how we can increase demand here in the UK. He speaks of procurement, which of course is incredibly important. I have been talking to the procurement Minister and working on that, along with the Steel Council. We need to consider the availability of suitable sites for future investments.

  • Andrew Griffith – 2025 Speech on British Steel

    Andrew Griffith – 2025 Speech on British Steel

    The speech made by Andrew Griffith, the Shadow Industry Minister, in the House of Commons on 22 April 2025.

    I thank the Minister for advance sight of her statement, and I join her in thanking the Scunthorpe workers for their efforts over the last few weeks.

    We are here once again because the Government had no plan—they failed to prepare, they bungled negotiations, and they took too long to listen to the warnings. What do we have to show for it? We have this botched nationalisation and a potential bill for the taxpayer stretching into the billions. I say billions, but it remains entirely unclear how much this bungled 11th-hour decision will cost, while the assets still belong to China. I hope that Members across the House will agree that this is a complete mockery of transparency and accountability, and I hope that the relevant Select Committees will take it upon themselves to conduct their own inquiries. Instead of a statement from the Treasury today, the Chancellor is running to the International Monetary Fund in Washington to explain how she broke the UK economy. Steel nationalisation, the IMF downgrading growth forecasts, trade union summits in No.10—it is all sounding a bit 1970s.

    The simple problem is that we do not know the answers to any of these questions because the Government have failed to publish an impact assessment. Will the Minister confirm to the House when they plan to do so? Has anyone in government asked the Office for National Statistics whether British Steel will now be classified as a publicly owned entity? Has the ministerial team discussed the impact of the takeover with the Chancellor on her already evaporated fiscal headroom? To date, how much has the Department spent, or how much has it committed to underwrite—that is a straightforward question that deserves an answer? Given that her Department had no budget for revenue support of steel, has the Minister been able to secure additional funds from the Treasury, so that other sectors or support for British exporters do not pay the price?

    We have seen no further detail of the Government’s proposed steel strategy, or any confirmation of longer-term plans to protect British steelmaking. Labour Members refused to back a coking coalmine to produce some of the raw materials that blast furnaces rely on. Instead, they wait for shipments to arrive from halfway around the world. Most importantly, the Government have not set out how they intend to reduce the enormous burden of sky-high energy costs. Instead, the Secretary of State for Energy Security and Net Zero seems dead set on delusional policies that drive energy prices in this country even higher. We cannot make steel sustainably when we have the highest energy prices in Europe. Prices for industrial energy in Birmingham in this country are four times higher than those in Birmingham Alabama. We cannot make steel if we do not have coal.

    As Nissan’s Alan Johnson said today, the “simple fact” is that the UK is

    “too expensive… Once you’ve paid your electricity, gas, NICs we are too expensive—any industrial strategy that does not tackle that is a waste of time.”

    Well, we are here once again. There is no steel strategy, no industrial strategy, no export strategy and no energy strategy. Perhaps when she replies the Minister can share a single strategy that this Government actually possess.

    Sarah Jones

    It is getting harder and harder to understand quite what the Opposition’s policy is on steel. It is all over the place. On the one hand, they ask us questions about costs. They say they had negotiated a modernisation plan with British Steel, but they will not tell us how much money they were willing to throw at that plan. Their proposal, apparently, was to build on two sites. If Jingye was asking us for £1.2 billion to build on one site, how much taxpayers’ money were the Government putting on the table to fund two? We need answers to those questions.

    On nationalisation, last week the shadow Secretary of State for Business and Trade, who was, as we know, Financial Secretary to the Treasury when Liz Truss crashed the economy, said that he backed full nationalisation of British Steel. On the other hand, this morning the Leader of the Opposition said on Radio 4 that nationalisation should be the “last resort.” It seems a bit muddled. Finally, the hon. Member asked questions about the cost of energy pricing, forgetting of course that industrial energy prices doubled under the Tories. UK Steel, the trade body for the steel industry, is clear and has said that it is

    “the UK’s reliance on natural gas power generation”

    that leaves us with higher prices than our international allies. It is not too much clean energy, but too little.

    The hon. Member asked a reasonable question about the costs. I hope he will understand that matters at the moment are sensitive and commercially confidential, and I hope he will be assured that we will publish accounts in due course. We are securing materials and reviewing things such as health and safety, and other critical roles. Regular meetings are happening between the Departments and British Steel, as he would expect, and of course we will publish those details in due course. He asked about the coalmine. British Steel has told us directly that it could not use that coal because of the sulphur content. We also need coke ovens to turn coal into coke, and the coke ovens at British Steel were closed on his watch several years ago. The reality is that the Tories failed the British Steel sector, and this Labour Government are securing it.

  • Sarah Jones – 2025 Statement on British Steel

    Sarah Jones – 2025 Statement on British Steel

    The statement made by Sarah Jones, the Minister for Industry, in the House of Commons on 22 April 2025.

    With permission, Madam Deputy Speaker, I wish to make a statement on the steps the Government have taken since the Steel Industry (Special Measures) Act 2025 came into force.

    The Government took the decision to recall Parliament on 12 April so that we could take swift, significant action on British Steel. As hon. Members will be aware, that was the first time Parliament had sat on a Saturday in over 40 years. Our attendance in this place was testament to the urgency and importance of the issue at hand, which was the need to prevent the immediate closure of the blast furnaces at Scunthorpe. The action we took on 12 April and the measures we have taken since matter greatly for this country, and are of enormous importance to thousands of steelworkers and their families. I am very pleased to inform the House that this afternoon, British Steel has cancelled the redundancy consultations started by Jingye. I know that many British Steel employees will breathe a sigh of relief at that news.

    It is regrettable that when this Government took office, we inherited a steel sector in crisis, and an iconic British company facing an existential threat. Since day one, we have worked tirelessly with British Steel and the trade unions to find a resolution, because blast furnace closures at Scunthorpe is an outcome that this Government were simply not willing to allow. I want to stress that this kind of state intervention is not something that we intend to replicate in other situations, or for other industries. We recognised that unprecedented action was warranted in a truly unprecedented situation.

    As hon. Members will know, the legislation we introduced, which was passed that weekend, gave us the power to direct British Steel’s board and workforce, ensure they got paid, and order the raw materials to keep the blast furnaces running. It also permits the Government to do those things themselves, if the circumstances demand it. We have wasted no time in enacting those powers and taking the urgent action required to keep the blast furnaces lit at Scunthorpe. We have secured the raw materials needed to keep the blast furnaces operating, and we continue to work at pace to secure a steady pipeline of materials. Officials were on site to help British Steel within hours of the Steel Industry (Special Measures) Act 2025 becoming law, and we are already seeing the real-world impact of our decisive intervention.

    I am delighted to say that British Steel has also confirmed today that it can keep operating both of the UK’s last remaining blast furnaces. By contrast, Jingye’s plan was to shut one of them down earlier this month. It will come as no surprise to hon. Members to hear that the company’s workforce, their families, suppliers and communities have expressed deep gratitude for the action we have taken, which has preserved steelmaking at Scunthorpe and safeguarded thousands of skilled steel jobs.

    Now that the immediate emergency has passed, it is right that hon. Members also ask questions about what is next. We have been clear that in order to secure the long-term future of British Steel, which has not been properly invested in for years, we will need a modernisation programme, ideally with a private sector partner. Furthermore, we will need to look beyond any individual company, and ensure a secure and thriving future for the whole steel sector. That is why we are continuing our work to publish the steel strategy this spring.

    All options are on the table as we begin to address the company’s long-term sustainable future. My officials met Jingye on 16 April. It was a respectful conversation, and that dialogue will continue as we find a way forward in the national interest that safeguards steelmaking and protects jobs. With that in mind, I also want to say thank you—thank you to those who sent us messages to say we did the right thing to save British Steel, thank you to everyone who offered practical support and, most importantly, thank you to the workers and managers at British Steel who have heard our call to produce the steel that we need to deliver our plan for change, to keep the Scunthorpe site and everyone working at it safe, and to do so in a way that reduces the scale of financial losses. They have shown remarkable resilience and dedication at a supremely difficult time, and have served the plant, their community and the nation. They have promised us that there are better days ahead for British Steel, and we agree. We are giving them the chance they need to write the next chapter of British Steel’s history.

    We have assured this House time and again that steel has a bright future under this Government, and I restate that today. Steel is fundamental to Britain’s industrial strength and to our identity as a global power, and we will never hesitate to protect it. We have committed to update both Houses as policy develops and a longer-term strategy is formulated. I reaffirm that written updates will be forthcoming regularly. So let there be no doubt: this week is not the end. It is not the end of the work, and it is not the end of the negotiations, but thanks to the actions we have taken, it is also not the end of British Steel. I commend this statement to the House.

  • Jonathan Reynolds – 2025 Commons Statement on British Steel

    Jonathan Reynolds – 2025 Commons Statement on British Steel

    The statement made by Jonathan Reynolds, the Secretary of State for Business and Trade, in the House of Commons on 12 April 2025.

    Mr Speaker we meet under exceptional circumstances to take exceptional action in what are exceptional times.

    Our request to recall Parliament was not one we have made lightly. And I am grateful, genuinely grateful, to Honourable members on all sides of this House for their cooperation and for being here today as we seek to pass emergency legislation that is unequivocally in our national interest.

    I would also like to particularly thank the staff here in Parliament for facilitating today.

    I would like to thank the Prime Minister, the Chancellor and the Home Secretary for their support.

    Indeed, the only reason we can take this action today is because of the restoration of economic stability and the dedicated resources for steel in the last Budget.

    I would like to recognise my honourable friend for Scunthorpe and the honourable member for Brigg and Immingham and for all my honourable friends from Teesside for their advocacy and engagement on behalf of their constituents throughout this matter.

    As honourable members will know, since taking office this government has been negotiating in good faith with British Steel’s owners, Jingye.

    We have worked tirelessly to find a way forward, making a generous offer of support to British Steel that included sensible, common sense conditions to protect the workforce, to protect taxpayers’ money, and create a commercially viable company for the future.

    Despite our offer to Jingye being substantial, they wanted much more, frankly, an excessive amount.

    We did, however, remain committed to negotiation. But over the last few days, it became clear that the intention of Jingye was to refuse to purchase sufficient raw materials to keep the blast furnaces running.

    In fact, their intention was to cancel and refuse to pay for existing orders.

    The company would therefore have irrevocably and unilaterally closed down primary steel making at British Steel.

    Now I want to make absolutely clear that separate to any conversation about a possible deal to co-invest in new facilities, the British Government offered to purchase raw materials in a way that would have ensured no losses whatsoever for Jingye in maintaining the blast furnaces for a period of time.

    A counter offer was instead made by Jingye for us to transfer hundreds of millions of pounds to them without any conditions to stop that money, and potentially other assets, being immediately transferred to China.

    They also refused a condition to keep the blast furnaces maintained and in good working order.

    Now even if I had agreed to these terms, I could not guarantee that further requests for money would not then be made.

    In this situation, with the clock being run down, doing nothing was not an option.

    We could not, will not, and never will, stand idly by while heat seeps from the UK’s remaining blast furnaces without any planning, any due process, or any respect for the consequences.

    And that is why I needed colleagues here today.

  • Keir Starmer – 2025 Statement on British Steel

    Keir Starmer – 2025 Statement on British Steel

    The statement made by Sir Keir Starmer, the Prime Minister, on 11 April 2025.

    As Prime Minister, I will always act in the national interest.

    …to protect British jobs and British workers.

    This afternoon, the future of British steel hangs in the balance.

    Jobs. Investment. Growth.

    Our economic and national security…

    …are all on the line.

    I’ve been to Scunthorpe.

    I’ve met the steel workers.

    I know how important steel is…

    …not just to the region, but to the whole country.

    It’s part of our national story.

    Part of the pride and heritage of this nation.

    And I’ll tell you this – it is essential for our future.

    Our Plan for Change means we need more steel not less.

    So we will act with urgency.

    Now, we should be clear –

    This situation – and our response – is unique.

    While it is true that we are facing a new era of global instability…

    Our concerns about this plant…

    And negotiations to protect it…

    Have been running for years.

    This moment could have happened at any time.

    But it has happened now.

    And I will not stand by.

    There is no time to waste.

    So we are recalling Parliament tomorrow

    For a Saturday sitting.

    We will pass emergency legislation

    In one day

    To give the Business Secretary the powers

    To do everything possible to stop the closure of these blast furnaces.

    And as I have said, we will keep all options on the table.

    Our future is in our hands.

    This government will not sit back and just hope.

    We will act to secure Britain’s future…

    With British steel: made in Britain, in the national interest.