Steel Question

Today I asked a question relating to the Tata pension scheme during the statement on Steel by Sajid Javid.

Stephen Kinnock: There has been some speculation in the media that Tata steel may in fact decide to retain the business, could the SoS explain if that were to come, what role Tata Steel would play in this issue of the pension scheme?

 

Sajid Javid: There is all sorts of speculation on this issue in the press, but what I can tell the hon. Gentleman, who has been very committed to this process—we have discussed it in person a number of times—is that Tata remains committed and very focused on the sales process. As I mentioned earlier, there are seven potential bidders. The next step is to narrow the field—that is important—so that we can all focus, along with Tata, on the most credible bids. The Government stand ready to work with those bidders.

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