Fourth Report - Liberty Steel and the future of the UK steel Industry

Select Committee
Business and Trade Committee HC 821 5 November 2021
Report Status Government responded
Conclusions & Recommendations 42 items (23 recs)
Source View on Parliament website
Government Response (AI assessment · 42 of 42 classified)
Accepted in Part 1
Acknowledged 14
Deferred 4
Not Addressed 23
Government response
Eighth Special Report - Liberty Steel and the Future of the UK Steel Industry: Government Response to the Committee’s Fourth Report · published 20 Jan 2022
Read the government response ↗ Response on the tracker
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Recommendations & Conclusions

4 results
4 Conclusion Deferred
Para 45
Despite public statements over a number of years to the contrary, we see, as yet,...
Conclusion
Despite public statements over a number of years to the contrary, we see, as yet, no tangible evidence that Sanjeev Gupta and GFG Alliance companies are making improvements to corporate governance or improving transparency through the publication of consolidated accounts. Read more
Government Response Summary
The government redirects the matter to the independent Financial Reporting Council (FRC), which acknowledges the public interest but states the GFG Alliance entities are not within its usual scope of investigation, though it can reclaim matters if in the public interest.
Department for Business and Trade
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26 Recommendation Deferred
Given that UK steel producers are already facing some of the highest electricity prices in...
Recommendation
Given that UK steel producers are already facing some of the highest electricity prices in Europe and that demand for electricity will only increase as the sector decarbonises, the Government should exempt the steel sector from increased costs arising from … Read more
Government Response Summary
The government states that decisions on network charges, such as the Targeted Charging Review, are the responsibility of Ofgem, the independent energy market regulator, rather than the government itself.
Department for Business and Trade
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27 Recommendation Deferred
Para 141
Despite advances made since the publication of the Procurement Policy Note in 2015, UK steel...
Recommendation
Despite advances made since the publication of the Procurement Policy Note in 2015, UK steel producers are still encountering challenges when competing for and securing public contracts. Much of this is due to an opaque and informal approach taken to … Read more
Government Response Summary
The government notes its existing review of public procurement rules and the Social Value Model. The points raised by the Committee on steel procurement, including supply chain transparency and updating guidance, are under active consideration by the Steel Procurement Taskforce.
Department for Business and Trade
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28 Recommendation Deferred
To ensure full transparency, the Procurement Policy Note (PPN) on steel procurement in major projects...
Recommendation
To ensure full transparency, the Procurement Policy Note (PPN) on steel procurement in major projects should be updated to include a requirement for contracting authorities to provide supply chain plans and publicise supply opportunities for UK steel producers. The Government … Read more
Government Response Summary
The government notes its existing review of public procurement rules and the Social Value Model. The specific recommendations, including updating the Procurement Policy Note and publishing new guidance on social and environmental considerations for steel purchases, are under active consideration by the Steel Procurement Taskforce.
Department for Business and Trade
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