Skip to main content

Steel Industry

Volume 174: debated on Tuesday 12 June 1990

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Secretary of State for Trade and Industry what is the amount of Government cash given to (a) United Engineering Steels Ltd., (b) British Steel Corporation and (c) British Steel under Phoenix I and Phoenix II plans.

[holding answer 7 June 1990]: When United Engineering Steels Ltd. was established under the Phoenix II plans the Government provided £55 million of funds through BSC. Government money was not given to BSC under the Phoenix I plans, the corporation's interests being funded internally.