MPs ask if UK backs its steel industry
The minister in charge of the UK Government's industrial strategy, Business Secretary Vince Cable, faces questions from MPs about what he's doing to support the steel industry.
The Welsh Affairs committee at Westminster takes evidence today from both Mr Cable and the Welsh Secretary, David Jones.
Production by Britain's biggest steelmaker, Tata, includes Port Talbot, Llanwern, Shotton and Trostre. Tata says its economic contribution won it 'anchor company' status with the Welsh Government. Its steelworks in the Netherlands has similar 'top sector' recognition from the Dutch government.
– Tata SteelWe lack the equivalent opportunity at a UK national level ... Whilst we appreciate the announcements over the last 14 months regarding the treatment of energy intensive industries and some energy taxes, a considerable disadvantage still exists against major European competitors ... Further major cost disadvantages must be addressed. These include business rates, increases in rail freight charges and charges on transporting iron ore.
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