#StandUpForSteel

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Taxation Cross-Border Trade Bill, If Passed In Its Current Form, Would Fatally Undermine The British Manufacturing Sector

As Parliament reconvened after the Christmas recess we hit the ground running with the Taxation (Cross-border) Trade Bill. This seeks to establish a new post-Brexit trade defence regime, but as I said in my speech in the House, in it's current form it would fatally undermine the British manufacturing sector, including the steel industry in my Aberavon constituency. You can read my speech below.  Continue reading

FCA Response On The British Steel Pension Scheme Scams

This is the response that I have received from the FCA to my letter about the British Steel Pension Scheme scams. Continue reading

Steel Sector Deal Debate

I secured a debate in Westminster Hall on a steel sector deal. In the debate I argued that we need the government to approve the steel sector deal & radically reshape the energy market, but they have done nothing. This is about defending our communities & building a successful industrial strategy, and we cannot do that unless we stand up for steel. Continue reading

Stephen Kinnock Hails Steel And Metals Institute

On a visit to the Steel and Metals Institute in Swansea University, Stephen Kinnock has hailed the work that they are doing to support and advance the steel industry. During the visit Mr Kinnock witnessed the work the Institute is doing with Tata Steel and SPECIFIC, looking at different uses for steel and developing the molecular structure of steel for new and exciting alternative uses. Continue reading

Channel 4 News - British Steel Pensions

I was interviewed on Channel 4 News about the unscrupulous and opportunistic financial advisers providing steelworkers with poor financial advice and ripping them off. I called for a crackdown on these vultures and that the Financial Conduct Authority the powers to crack down on these fraudulent pension advisers.  Continue reading

Aberavon MP Raises Concerns With Financial Conduct Authority Over British Steel Pension Scheme Scams

Aberavon MP Stephen Kinnock has contacted the Financial Conduct Authority (FCA) over worrying reports of opportunistic financial advisers providing steelworkers with poor financial advice and luring steelworkers into transferring millions out of pension funds. Mr Kinnock will be meeting with Mr Bailey next week and has said, ‘I am increasingly concerned about the stories of unscrupulous advisers targeting the steelworkers and cheating them out of their pension money. I will be raising these concerns directly with the Chief Executive of the Financial Conduct Authority.’ Continue reading

My Letter To The FCA On The British Steel Pension Scheme Scams

I have written to the Chief Executive of the Financial Conduct Authority about the worrying reports of opportunistic financial advisers providing steelworkers with poor financial advice and luring steelworkers into transferring millions out of pension funds. Urgent action is needed to address this. Continue reading

Government Need Proper Contingency Measures To Defend Steel Industry From Harm

Today in the House I asked the Government what they are doing to defend the steel industry from harm following changes to the EU Emissions Trading System Register. Without UK government action the steel industry could face millions of pounds of additional costs. Continue reading

Big Ben Renovation Is Fast Becoming A Symbol Of This Government's Indifferent And Incompetent Approach To Our Steel Industry

I questioned the House of Commons Commission about the steel used in the renovation of Big Ben.  Big Ben is seen as symbol of our country around the world, but its renovation is fast becoming a symbol of this government’s indifferent and incompetent approach to our steel industry. British steelworkers make the best steel that money can buy, and what’s more they make it right here on our doorstep. If given the right information and sufficient lead-time by the customer, then they can and always deliver. Read my question and the response I received below.  Continue reading

Aberavon MP Stephen Kinnock Cautiously Welcomes News Of Joint Venture

Commenting on today's news of the joint venture between Thyssenkrupp and Tata Steel, Stephen Kinnock, Member of Parliament for Aberavon, home of the Port Talbot steelworks, said: "In principle I welcome this news as it brings together two giants of the European steel industry, creating the sort of scale and synergies that could potentially deliver significant competitive advantage.  Continue reading