Speeches by Olney.

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“(a) £500m, or”

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“Clauses 61 to 64 ordered to stand part of the Bill.”

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“We heard throughout yesterday’s debate from Members across the Committee about the importance of steelmaking as a vital strategic sector in the UK, and no doubt we will hear about it again today. We rely on the sector for essential parts of our national infrastructure, for transport and for advanced manufacturing. Stee…”

“New Clause 4”

“This new clause would limit the financial assistance that can be provided under the Act.”

“I am grateful to the hon. Gentleman, not least for underlining the real importance of the steel industry to our defence industry and the heightened importance of sustaining our defence industry, and all the companies and the jobs associated with it, in this time of heightened global instability. Liberal Democrat Member…”

“The hon. Lady referred specifically to our new clause. Does she not accept that we are merely asking for a further parliamentary vote if the proposed consideration for transfer exceeds a certain level, and that that is a sensible and workable way forward? Not only do we need to be open to the possibility of enabling th…”

“Brought up, and read the First time.”

“Bill, not amended in the Committee, considered.”

“It would take just hours to do that. All we are asking for is a safeguard. Without any kind of safeguard, what does the hon. Lady think would be an acceptable amount for the Government to offer in exchange for taking on a steel undertaking? Does she think that no limit at all would be acceptable? We are merely proposin…”

“Thank you for your guidance, Madam Chair. I will reframe my remarks slightly, because they relate to the intervention that I took. Steel producers in the UK are heavily integrated into international supply chains, and continued access to frictionless or improved export arrangements is vital for sustaining jobs and prod…”

“That is not the specific purpose of the amendment, but I am glad that the hon. Member has raised that point. I know that the Minister has heard about this issue on a number of occasions, throughout the debates on this Bill and during the urgent question last week in the Chamber. I would like to take this opportunity to…”

““Financial assistance of a total value of no more than £2.5 billion may be provided under section 58 of this Act before 15 August 2029.”—(Dame Harriett Baldwin.)”

“Question put, That the clause be read a Second time.”