I told the Prime Minister that there can be no post-pandemic economic recovery without a strong and healthy steel industry. But we need a level-playing field on electricity prices. He agreed, but talk is cheap – he must now turn his words into action, because we need our steel.
Stephen Kinnock: The Prime Minister should know that there can be no post-pandemic economic recovery without a strong and healthy UK steel industry, but he should also know that our steelworkers are having to compete with one hand tied behind their backs because electricity costs our steelmakers 86% more than in Germany and 62% more than in France. What steps will the Prime Minister be taking to reduce British electricity costs to internationally competitive levels so that our steel industry can thrive in the wake of the pandemic?
The Prime Minister: The hon. Gentleman raises a very important point. Of course, that was one of the consequences of some of the taxes and some of the skewing of the prices that have been chosen over many years by Governments. We want to ensure that we have a steel industry in this country that is able to compete, and we must indeed address the discriminatory costs of energy; he is completely right to raise this point.