Call For Action Against The Trump Steel Tariffs

During questions to the Secretary of State for Wales, I explained the cost of steel tariffs for the Welsh steel industry and also to America itself, and asked him what the government has done to stop the Trump steel tariffs hurting the British steel industry. Continue reading

Prime Minister Found Wanting As Trump Steel Tariff Executive Order Is Milestone Moment For Future Of UK Steel Industry And Future Of Rules Based Global Economic System

Commenting on Trump's Executive Order confirming 25% tariffs on British steel imports to the USA, Stephen Kinnock, Member of Parliament for Aberavon, home of the Port Talbot steelworks said,  "President Trump's signing of an Executive Order imposing steel tariffs is a milestone moment for the future of the British steel industry, and for the future of the rules-based global economy. And once again, our government and Prime Minister have been found wanting. Continue reading

Steelworkers Will Judge Theresa May On Her Approach To Donald Trump's New Tariffs

PoliticsHome We’ve all been there, right? A tricky week at work, so you decide to start a trade war with the whole world. Having lost his longest serving aide, again chastising his “Mr Magoo” Attorney General, and it then becoming public knowledge that his son in law and senior White House adviser took half a billion dollars from senior bankers to help refinance his personal and business debts, Donald Trump decided to throw a dead cat on the table and announce blanket 25% tariffs on all US steel imports. Continue reading

Aberavon MP Condemns Aggressive Trump Tariffs On Steel

Commenting on Donald Trump’s announcement of plans to impose tariffs of 25% on all steel and aluminium imports to the USA, Stephen Kinnock, Member of Parliament for Aberavon, home of the Port Talbot Steelworks said: “This reckless and impetuous announcement from Donald Trump is deeply worrying for the British steel industry, centred on the Port Talbot steelworks in my Aberavon constituency. “Around 10% of Tata Steel UK’s exports are to the United States, and are largely made up of the most sophisticated and high-tech steel products in the world, much of which the Americans cannot produce themselves. Continue reading

Former Director Of The WTO And EU Trade Commissioner Questioned By Exiting EU Committee

Pascal Lamy, the former Director of the WTO and EU Trade Commissioner was questioned by the Committee for Exiting the EU. I asked about steel, Brexit the WTO and dealing with Chinese dumping; and the implications on trade of the transition deal that the government have signed up to. Continue reading

Aberavon MP Calls Out Government And FCA For Allowing A Free For All Which Has Left Many Steelworkers And Pensioners Worse Off

Today, Stephen Kinnock has: called for urgent action on pension misselling called out the FCA for failings; urged the government to produce a white paper; and supported Work and Pensions Committee report Stephen Kinnock, Member of Parliament for Aberavon, home of the Port Talbot Steelworks, today called out the Financial Conduct Authority (FCA) for their failure to protect British steelworkers and savers in the British Steel Pension Scheme (BSPS); called on the government to accept, in full, the Work and Pensions Committee recommendations, and urged the government to go further in introducing a system of deemed consent to keep savers in the best scheme for them. Continue reading

Aberavon MP Stephen Kinnock Meets With Pensions Minister To Speak Up For Constituents About Changes To The BSPS On The Day We Learn Initial BSPS Transfer Figures

Stephen Kinnock met with the Pensions Minister, Guy Opperman, for a frank exchange of views about the government’s handling of the changes to the British Steel Pension Scheme (BSPS). Continue reading

Stephen Kinnock Calls For Early-Warning System So Regulators Can Be More Proactive

Aberavon MP, Stephen Kinnock, has said lessons need to be learnt from the creation of the British Steel Pension Scheme mark 2, and called for an early-warning system so regulators can be more proactive in tackling the unscrupulous behaviour of certain pension advisers witnessed in Port Talbot. Continue reading

Creation Of BSPS2 Created Fertile Territory For Unscrupulous Pension Advisers To Swoop In Like Vultures And Exploit Vulnerable People

My colleague, Debbie Abrahams, secured an urgent question in the House on stopping the abuse of private sector pensions. I spoke in the debate on how the creation of the British Steel pension scheme mark 2 created fertile ground for unscrupulous pension advisers to prey on vulnerable people.  Continue reading

Financial Guidance And Claims Bill Should Take Steps To Improve The Early Warning System So Regulators Can Be More Proactive

Today the Commons debated the Financial Guidance and Claims Bill (Lords). In the debate I spoke about the lessons we need to learn from the transfer of the British Steel pension scheme into a new scheme, and the need for an early warning system so the regulator can be more proactive when unscrupulous individuals take advantage of vulnerable people.  Continue reading