Commons Sense

House of Commons · Written Ministerial Statement

Department for Business and Trade: Contingent Liability Notification

02 July 2025 · Department for Business and Trade

Proposed by Sarah Jones Lab Croydon West

Business & TradeEnergy

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The statement discusses a contingent liability guarantee being provided to Npower in support of British Steel Limited.
  • A new guarantee is replacing existing credit support for British Steel Limited's payment obligations to Npower.
  • I will be laying a Departmental Minute today with details of the liability undertaken.

Issue summary

The statement discusses a contingent liability guarantee being provided to Npower in support of British Steel Limited.

Action requested

A new guarantee is replacing existing credit support for British Steel Limited's payment obligations to Npower, ensuring better terms and reduced public expenditure. I will be laying a Departmental Minute today with details of the liability undertaken.

Key facts

  • The contingent liability guarantee supports British Steel Limited under the Steel Industry (Special Measures) Act 2025.
  • It ensures that British Steel Limited can access bespoke rates on favourable terms.
  • The guarantee will terminate if the Act ceases to apply or directions are revoked for British Steel Limited.
  • A Departmental Minute containing details of the liability undertaken will be laid today.
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