Part of 1. 1. Questions to the First Minister – in the Senedd at 1:42 pm on 13 December 2016.
Well, this is something that we’ve been considering as part of the final budget, and an announcement will be made very soon in relation to that.
In relation to business rates at Tata, well, the package we’ve put on the table is £60 million—it’s the equivalent, effectively, of five years free of business rates. It goes beyond what we could have offered in business rates, in any event. Of course, it’s very difficult to offer business rate relief for one particular business in one particular sector without others asking why they shouldn’t have the same thing. So, what we have is a package of support that is state-aid proof, but it’s targeted particularly at Tata.
I have to say, it is important now that the UK Government doesn’t lose sight of the fact that not just Tata but many other industries are saying that energy prices are too high in the UK. So, energy-intensive industries will need to see more done in order to help them. We cannot afford to be seen as an economy where we are uncompetitive because of the price of energy. Our energy mix is very similar to many, many other countries in Europe, but because of the obscure nature of what alleges to be an energy market in the UK, it does make the UK more expensive, and more work needs to be done by the UK Government in that regard as well.