The chancellor has said she is “certain” there’s a “bright future” for the steel industry in Scunthorpe during her visit to the British Steel plant. Rachel Reeves confirmed talks with the company owner were unsuccessful and said “nothing is off the table” looking ahead, confirming that the government will play a “big role” in the future of steel in Scunthorpe.
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00:00It was really important on Saturday in that emergency sitting of Parliament that we took control of the company
00:08to ensure that we could bring in the raw materials to keep the blast furnaces running.
00:13And I've had the opportunity to talk to the British management team, workers and the three different trade unions represented here
00:20to talk about the future. We now have that control, we're bringing in those raw materials
00:25and I am certain and the workers and the management team are certain that there is a bright future for the steelworks here in Scunthorpe
00:33and the whole community and we're determined to do what it takes to protect British industry, protect British jobs
00:39and do more to buy, make and sell more here in Britain.
00:42At the moment we have control of the company, there is no time limit on that
00:47so we are able now to act as the management team, work with the management team here.
00:54Nothing is off the table. We did previously try to negotiate with the owner, that was not successful.
01:01It would have been throwing good money after bad. It was the right thing to do, to take control of this company
01:07and nothing now is off the table as we look for a new future, not with the previous owners
01:13but a new future with new investment here in Scunthorpe and of course government are going to play a big role in that.