Commons Sense

House of Commons · Written Ministerial Statement

Departmental Contingent Liability Notification

27 November 2025 · Department for Business and Trade

Proposed by Chris McDonald Lab Stockton North

Business & Trade

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

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At a glance

Key points

  • Chris McDonald is informing members about a contingent liability guarantee for SEFE in support of British Steel Limited.
  • The Department for Business and Trade will enter into a guarantee to replace existing credit support.
  • A Departmental Minute detailing this liability will be laid today.

Issue summary

Chris McDonald is informing members about a contingent liability guarantee for SEFE in support of British Steel Limited.

Action requested

The Department for Business and Trade will enter into a guarantee to replace existing credit support, ensuring SEFE extends the supply contract with British Steel Limited on favourable terms. A Departmental Minute detailing this liability will be laid today.

Key facts

  • The contingent liability is pursuant to the Steel Industry (Special Measures) Act 2025.
  • The value of the guarantee is equal to existing credit support and a policy requirement for SEFE.
  • Effective date: 31 March 2026.
  • Authority for expenditure will be sought through normal procedure.
  • Termination by Department requires 10 Business Days’ written notice to SEFE.
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