15 Jun 2026·Department for Business and Trade·Answered
AskedWhat assessment he has made of the impact on a) investment and b) employment in each sector of his Modern Industrial Strategy of the 50% Tariff on steel starting on July 1st 2026.
ReplyThe Government engaged extensively with both primary steel producers and downstream users to inform development of the steel trade measure, including a Call for Evidence in July 2025. Quotas have been designed to allow for sufficient imports to ensure con...
15 Jun 2026·Department for Business and Trade·Answered
AskedWhether he plans to exclude Product Codes 14 and 27 from 50% tariffs on steel categories from July 1st 2026.
ReplyThe Government engaged extensively with both primary steel producers and downstream users to inform development of the steel trade measure, including a Call for Evidence in July 2025. Quotas have been designed to allow for sufficient imports to ensure con...
15 Jun 2026·Department for Business and Trade·Answered
AskedWhat assessment he has made of the potential impact on UK inflation of 50% steel tariffs and reduced import quotas from July 1st 2026.
ReplyThe Government engaged extensively with both primary steel producers and downstream users to inform development of the steel trade measure, including a Call for Evidence in July 2025. Quotas have been designed to allow for sufficient imports to ensure con...
10 Jun 2026·Department for Business and Trade·Answered
AskedWhat grades of steel that will attract a 50% import tariff from 1 July 2026 (a) are not and (b) cannot be produced in the United Kingdom.
ReplyThe Government has designed the new steel trade measures to strike a careful balance between supporting the UK steel industry and maintaining access to essential imports for downstream users, including through the setting of quotas to allow tariff-free ac...
10 Jun 2026·Department for Business and Trade·Answered
AskedWhat grades of steel that will attract a 50% import tariff from 1 July 2026 (a) are and (b) could be produced in the United Kingdom.
ReplyThe Government has designed the new steel trade measures to strike a careful balance between supporting the UK steel industry and maintaining access to essential imports for downstream users, including through the setting of quotas to allow tariff-free ac...
10 Jun 2026·Department for Business and Trade·Answered
AskedWhether a market assessment of UK imports of grades of steel informed the decision to set lower quotas for the tariff free import of certain grades of steel.
ReplyThe Government has designed the new steel trade measures to strike a careful balance between supporting the UK steel industry and maintaining access to essential imports for downstream users, including through the setting of quotas to allow tariff-free ac...
10 Jun 2026·Department for Business and Trade·Answered
AskedWhat revenues he expects to accrue to HMRC in the first year from the imposition of new steel trade measures on 1 July 2026.
ReplyThe Government has designed the new steel trade measures to strike a careful balance between supporting the UK steel industry and maintaining access to essential imports for downstream users, including through the setting of quotas to allow tariff-free ac...
10 Jun 2026·Department for Business and Trade·Answered
AskedHow many businesses have been assisted by the inward investment concierge service in each month since it was established.
ReplyThe Office for Investment: Financial Services (OFI:FS) has provided substantive assistance to approximately 40 firms, leveraging our regulatory, policy, and market access expertise, and engaged with over 120 firms. Since launch in October 2025, the OfI:FS...
8 Jun 2026·Department for Business and Trade·Answered
AskedHow many meetings of the Steel Council have taken place since its establishment; and which Ministers attended each of those meetings.
ReplyThe Steel Council was re‑established in January 2025 to support the development of the UK Steel Strategy. Since then, the Council has met five times, with all meetings attended by the Minister for Industry. Additional Ministers have attended meetings as f...
8 Jun 2026·Department for Business and Trade·Answered
AskedWhether the cross-government scrap supply working group has been established; and if he will publish (a) a list of meetings held to date and (b) the membership of that working group.
ReplyThe Government has created the Metals Circularity Group to ensure a sustainable supply of high-quality scrap for the domestic steel sector whilst considering how a circular economy can aid supply chains for steel, aluminium and critical minerals. The grou...
4 Jun 2026·Department for Business and Trade·Answered
AskedWhat assessment he has made of the potential impact on the Defence Procurement budget of the 50% tariff on steel imports from July 1st 2026.
ReplyThe new steel measure has been designed to strike a careful balance between supporting domestic steelmaking and maintaining secure, reliable supply so the UK can meet its defence and critical national infrastructure needs. We will continue to monitor the ...
4 Jun 2026·Department for Business and Trade·Answered
AskedWhat progress he has made on implementing the Single Trade Window set out in the UK-India Free Trade Agreement.
ReplyThe Government is committed to minimising administrative burdens and frictions experienced by businesses trading internationally. The UK–India Free Trade Agreement reflects this, by including a commitment for both Parties to introduce or maintain a Single...
2 Jun 2026·Department for Business and Trade·Answered
AskedWhat representations he has received from (a) steel producers and (b) steel manufacturers from the Trade Remedies Authority in the last 12 months.
ReplyIf I have understood the RHM’s question correctly, none.
2 Jun 2026·Department for Business and Trade·Answered
AskedWhat impact assessment he has published of his decision to impose a 50% tariff on out-of-quota steel imports on July 1st 2026.
ReplyThe new steel measure has been designed to strike a careful balance between supporting domestic steelmaking and maintaining secure, reliable supply, given the importance of the sector to critical national infrastructure and defence. This has been informed...
21 May 2026·Department for Business and Trade·Answered
AskedWhat discussions he has had with businesses on the potential impact of the Employment Rights Act on (a) the number of entry level jobs, (b) the number of part time roles and (c) the overall workforce h
ReplyThe Government, in consultation with experts and business, has published 29 Impact Assessments which comprehensively outline the expected impacts of the Employment Rights Act: Employment Rights Act 2025: impact assessments - GOV.UK. The analysis shows tha...
21 May 2026·Department for Business and Trade·Answered
AskedWhat assessment his Department has made of the potential impact of guaranteed hours provisions on (a) access to entry level employment and (b) labour market flexibility.
ReplyThe government has published a comprehensive assessment of the potential impacts of the zero hours contract measures in the Employment Rights Act 2025.This analysis includes consideration of potential impacts on young, entry level workers as well as poten...
19 Mar 2026·Department for Business and Trade·Answered
AskedWhat his planned upper limit is for (a) overall contributions and (b) annual contributions from the public purse for support for the UK steel industry.
ReplyThe government is committed to providing up to £2.5 billion to support the UK steel industry, which is being delivered in part through the National Wealth Fund and in part through direct support for companies. This is in addition to the £500 million investment for Tata Steel in Port Talbot, bringing the total investment in the steel industry to up to £3 billion. The £3 billion is intended for initiatives such as electric arc furnaces and other improvements to UK capabilities. The annual allocation of these funds will depend on ministerial decisions and on companies meeting delivery milestones.
19 Mar 2026·Department for Business and Trade·Answered
AskedWhether his Department has determined a (a) budget, (b) repayment schedule and (c) end date for its intervention in British Steel.
ReplyBudgets for British Steel are subject to the usual government approvals processes and ministerial decisions. All support for British Steel has been drawn from existing HMG budgets, with no additional borrowing required. Funding provided to British Steel Limited is recoverable as a debt owed to the Crown. Recoverability of this debt will be further assessed at year-end, and the resulting treatment will be reflected and published in the Department for Business and Trade’s accounts for 2025-26. We continue to work with Jingye to find a pragmatic, realistic solution for the future of BSL.
19 Mar 2026·Department for Business and Trade·Answered
AskedWhat estimate he has made of tariff revenue from steel imports.
ReplyFrom 1 July 2026, steel import quotas will be reduced by 60% compared with the steel safeguard, with a 50% tariff on imports exceeding these levels.The purpose of the trade measure is not to raise tariff revenue, and therefore we have not made any estimates. Instead, it aims to protect UK steel-making, which is essential for our critical national infrastructure and defence. The Steel Strategy aims to restore us to a balanced approach between UK demand being met through imports and through domestic production.
19 Mar 2026·Department for Business and Trade·Answered
AskedWhether he has made provisional allocations for the £2.5 billion assigned to the UK Steel Strategy.
ReplyWe continue to engage with industry and other stakeholders as we move into the delivery phase of the steel strategy, following its publication on the 19 March. This includes work to implement the new trade defence measure ahead of the 1 July. The publication of any further information will be considered as this progresses. The steel strategy reaffirms the government’s commitment to spend up to £2.5 billion on the steel sector. Building on the direct support provided so far, the National Wealth Fund will be the main mechanism for providing finance for investment in the steel sector. It is actively seeking engagement with steel firms for strong, investible projects. Allocations are subject to the usual government approvals processes and ministerial decisions. All support for the steel sector has been drawn from existing government budgets, with no additional borrowing or trade-offs required.