British Steel: Company Liquidations
Commons · Question 51761 · Tabled 12 May 2025 · Department for Business and Trade · Official record
Answered 15 May 2025
Question
Asked by Gregory Stafford
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 7 May 2025 to Question 46621, whether he has made an estimate of the potential cost to the public purse of British Steel entering liquidation during the period of special meas
Answer
Answered by Sarah Jones, 15 May 2025
It would be a breach of the Steel Industry (Special Measures) Act for British Steel to be put into liquidation while the special measures are in place. Prior to the Act becoming law, the Government undertook assessments of the potential cost to the public...