I thank the leader of the Welsh Conservatives for his questions. The meeting that I had in Mumbai was with senior executives and one board member of Tata. The meeting did last for some time. We explored a number of issues, one of which, for example, is what further support might be offered on business rates and that is something that we’re looking at. The difficulty is, of course, how you tailor support for one particular enterprise without opening the door to others as well, and how you create a situation like that fairly and in an affordable manner. Those discussions are ongoing.

In terms of dumped steel, we usually define that as steel that’s quite often being sold on a market below the cost of production, sometimes through a revenue subsidy provided by the government where the steel is produced, outside the European Union, but then undercuts steel production in a particular market that doesn’t attract a revenue subsidy. That’s one of the definitions you can give for dumped steel. We know that the problem that’s occurred in the world market is because of the slowdown of the Chinese economy. The Chinese have produced steel that their own economy cannot absorb and so they’re selling it in other markets, and that’s caused the price of world steel to slump, meaning that those steel enterprises that have the most difficult and challenging conditions have found it most difficult. In the UK, we know energy prices are high, the pound, although it’s now falling quite quickly, has been historically high, which has made it difficult to export and, of course, the tariff regimes that have been put in place by other markets around the world.

On pensions, we’ve not yet offered our view on what would be our preferred option. Originally, the proposal that I made was that if a new buyer came in then the pension scheme would be dealt with in a similar way to the way in which the British Coal pension scheme was dealt with, in order to make coal more attractive for privatisation, in other words, taken out of the equation for a stake to be taken by the UK Government—and we know the UK Government is doing pretty well out of that pension at the moment—in order to guarantee the benefits of those in the pension scheme, but also to remove the pension scheme from the equation for a new buyer. It’s significantly more complicated if the operation continues under the same owner, I would argue. It’s right to say the trustees asked for the review—they have to, under law, do that and that’s why the process began.

I think I’ve given some detail on what’s been done to help people who are being made redundant. Although we don’t have exact figures yet, it seems that a substantial number will take early retirement, and will be of an age when they’re able to do that. So far, as I mentioned earlier on, there are some who have received help. But, in order to make sure that those who don’t come forward immediately do have access to help in the future, as I said earlier on the statement, over the course of this month and next month, that help will continue to be available.