There is another interesting factor here because if we look at Tata’s profits right up until the financial year 2007-08, nearly every slab coming off each site that Tata owned was being absorbed by the world market. China was consuming so much steel during the 12% to 13% growth period that the argument that China has been eroding British jobs over the past 20 or 30 years is false. This is a very recent phenomenon—it is in the past four years—and measures need to be taken now.
UK Steel Industry
Proceeding contribution from
Tom Blenkinsop
(Labour)
in the House of Commons on Thursday, 21 January 2016.
It occurred during Backbench debate on UK Steel Industry.
Type
Proceeding contribution
Reference
604 c660WH 
Session
2015-16
Chamber / Committee
Westminster Hall
Subjects
Librarians' tools
Timestamp
2022-08-30 11:15:44 +0100
URI
http://hansard.intranet.data.parliament.uk/Commons/2016-01-21/16012128000088
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