Recommendation 25

We asked the Department what lessons it had learned from the intervention. The Department told us it has a centre of expertise on economic shocks, which has developed frameworks and “playbooks” to use in emerging situations. The centre gathers evidence on warning signs from public data and sector engagement. The Department said it had reflected on whether it could have intervened earlier in British Steel and had applied this learning to more recent interventions in the chemicals and ceramics industries. It noted that many companies requiring support are highly energy intensive and exposed to the impacts of trade.71 Trade measures