Source · Select Committees · Business and Trade Committee
Recommendation 39
39
Acknowledged
Paragraph: 196
Many of the challenges facing the UK steel industry today are long-running and have led...
Recommendation
Many of the challenges facing the UK steel industry today are long-running and have led to crises in the past. Without fundamental reform of energy pricing and a clear decarbonisation strategy, the sector will fail to attract much needed investment and continue on a path of accelerating decline. The Government’s rhetoric on the strategic importance of the sector must be matched by supportive policy.
Government response summary AI-generated
The government acknowledged the pressures faced by businesses due to rising energy prices and stated that extensive engagement with industry continues, but did not commit to fundamental reform of energy pricing or a clear decarbonisation strategy.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
196
Government Response
Acknowledged
HM Government · verbatim extract
Acknowledged
85. The Government recognises the importance of the steel sector, and the vital role it plays in the UK economy and in local communities.
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