The biggest threat to the steel industry is tariffs. We export 30 per cent of the steel that we produce. Anything that increases the price of that steel is not going to be helpful. If she’s talking about carbon reduction, what she means is more emissions, so, more coming out of the steelworks than before. If she wants to sell that to the people of Port Talbot and Bridgend, she’s welcome to do it. Indeed, I’m sure there will be opportunities this week where she can explain that policy to people in the area—that she doesn’t want to see emissions controlled properly.

But there’s another point here as well. If you look at other countries in the EU, their energy prices are much lower than ours. If you look at Germany, 20 per cent lower. If you look at Spain, 37 per cent lower. So it’s nothing to do with the EU at all. It’s to do with the UK, and the UK’s alleged energy market. Every single energy-intensive industry is saying to us that it’s not an EU issue—it’s the fact that the UK’s energy industry is not transparent enough, and it’s something that Celsa Steel have raised with me along with others. They say, ‘Look, the UK is an expensive place to do business because of its energy costs’. Now, the regulations are the same across the entire EU, but the fact remains that the UK is more expensive than many other of our competitor countries, and that has to change. That’s not to do with emissions, because Germany and Spain have the same regulations. It’s to do with the way that the market operates in the UK.