Steel Industry — 5 Mar 2002 at 18:44

I beg to move,

That this House is gravely concerned about the Prime Minister's role in supporting LNM/Ispat International's contract for the SIDEX steel plant in Romania and is unimpressed with the explanations given hitherto; notes Lakshmi Mittal's non-domicile resident status and his donation of £125,000 to the Labour Party; condemns the Government's support for a company that is actively lobbying in the United States against the interests of the UK steel industry; notes the potentially devastating effect on the domestic steel industry posed by Mittal-inspired steel import tariffs imposed by the US Administration; calls for urgent action to be taken to help support the UK steel industry as a consequence of any US-imposed tariffs; urges the Prime Minister to publish guidelines regarding Government support for companies that are also substantial donors to the governing party; and demands a full public inquiry into the Government's support for the Romanian SIDEX steel plant deal.

I beg to move, To leave out from "House" to the end of the Question, and to add instead thereof:

"recognises the fundamental strengths of the British steel industry, which is amongst the most efficient in the world; believes that, despite the regrettable decision of Corus to cut UK steel capacity, the industry has a long term future in Britain, as recently demonstrated by the decision of Corus to invest in the Port Talbot works; further recognises that the success of economic restructuring in Central and Eastern Europe, together with the enlargement of the European Union, is essential for the future of the British steel industry and other British manufacturing as it will extend markets and reduce hidden subsidies; congratulates the European Bank for Reconstruction and Development for its work on restructuring the Romanian and other Eastern European companies, including through supporting the successful sale of the SIDEX steel corporation; and further welcomes measures put in place by the Government and the National Assembly for Wales to train and retrain former steel workers and regenerate communities affected by Corus job losses.".

Question put, That the original words stand part of the Question:-

The House divided: Ayes 192, Noes 318.

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