Committee publication · Correspondence · 19 May 2026
Letter from the Minister for Industry relating to the Government's intention to legislate for the Steel Sector, 11 May 2026
From: Business and Trade Committee
Inquiry: Industrial Strategy
Summary
Minister for Industry Chris McDonald notifies the Business and Trade Committee of the Government's intention to legislate for powers to nationalise undertakings in the steel sector, following a Prime Minister announcement on 11 May 2026. The Minister commits to providing detailed legislation and approach following the State Opening of Parliament, and offers officials' availability for discussion.
Key findings
- Prime Minister has announced intention to legislate for powers to nationalise undertakings in the steel sector
- Government will provide detailed legislation and approach following State Opening of Parliament on Wednesday 15 May 2026
- Minister acknowledges the Committee will have questions about operation and details of proposed legislation
- Department for Business and Trade (DBT) and Minister offer to discuss the matter with Committee Chair or Clerks
Tone
ProceduralTopics
steel-sectornationalisationlegislationindustrial-policy
Key actors
Chris McDonald MP, Liam Byrne MP, Prime Minister, Department for Business and Trade, Department for Energy Security & Net Zero
Notable line
“… intention to legislate for powers to nationalise undertakings in the steel sector”
Key Quotes
“I wanted to draw the Business and Trade Committee's attention to the Prime Minister's announcement today regarding the intention to legislate for powers to nationalise undertakings in the steel sector.”
“The Department will write to you again as soon as possible following the State Opening of Parliament on Wednesday, where we hope to be able to provide you with the detail of the legislation and the Government's approach.”
Source · parliament.uk record ↗