Steel Industry (Nationalisation) Bill: Reasoned Amendment to Second Reading

What was this vote about?

This was a amendment on the Steel Industry (Nationalisation) Bill. This Bill would let the Government regulate how a steel company’s shares, securities and other assets or liabilities are transferred in certain circumstances, with the aim of enabling a potential nationalisation of the steel industry and related actions. It also allows for other connected regulatory purposes to be covered by regulations.

• •The Secretary of State would have power to make regulations governing transfers of shares/securities and other property or liabilities of a steel undertaking, in specific circumstances.
• •The Bill is framed to facilitate possible nationalisation of the steel industry and related regulatory actions.
• •It uses the concept of “connected purposes” to cover related regulatory matters arising from such transfers.
• •The Bill has progressed through initial Commons stages and is currently in Committee of the Whole House in the Commons.

The result

310 of 650 eligible MPs voted (48% turnout)

How each party voted

Who rebelled?(1 MP)

Why it matters

MPs voted 68 in favour and 242 against a reasoned amendment to the Second Reading of the Steel Industry (Nationalisation) Bill, rejecting changes to the bill’s scope. The bill would regulate transfers of a steel company’s assets in certain circumstances to enable potential nationalisation and related regulation. Debates touched on issues such as publicly owned railways and transgender rights, illustrating how industrial policy can intersect with other policy areas.

AI-generated context — may contain errors.

Turnout by party

What happens next?

The bill continues through its current stage with the amendment applied (or rejected).

Current stage: Committee of the whole House