Jessica Morden Jessica Morden - Labour MP for Newport East, Shadow Deputy Leader of the House of Commons and PPS to Keir Starmer
It’s vitally important that we continue to produce high-quality British steel across the UK, for the planet, for our country’s security and economy.
On Sunday, I headed to BBC Radio Wales to discuss this topic with Sunday Supplement. I talked about how Labour has a real plan for steel; one that will not only protect the industry that we have but will grow it, create good, new jobs and make it a business that can head into the future.
As announced by Rachel Reeves, our plan is to build British industry, investing in homegrown projects.
The projects will be funded by a National Wealth Fund, with the party’s Green Prosperity Plan putting an initial £8 billion into a central pot to build British industry.
That means when public money is spent on these projects, the British people will own a share of that wealth, and benefit from the returns on those investments.
Alongside private investment, that financing means shovels in the ground for UK projects including eight new battery factories, six clean steel plants, nine renewable-ready ports, the world’s largest hydrogen electrolyser plant and net-zero industrial clusters in every region of the country.
There’s a clip of my interview below, or you can listen to the show in full on BBC Sounds, or by clicking here.