HC Deb 08 May 1984 vol 59 c308W
Mr. Crowther

asked the Secretary of State for Trade and Industry what proposals on capacity reduction were contained in the Phoenix II proposals which he discussed with the chairman of the British Steel Corporation and GKN on 21 February.

Mr. Butcher

The Phoenix H proposals include a reduction in capacity, but the detail of this is commercially confidential.

Mr. Crowther

asked the Secretary of State for Trade and Industry on what date proposals arising out of thePhoenix II negotiations and involving Government funding were received in his Department.

Mr. Butcher

Tentative plans for Phoenix II have been received in my Department on several occasions. The latest of these, received by officials on 19 December, were subsequently confirmed to be a formal proposal, agreed between BSC and GKN, at a meeting between my right hon. Friend and the two chairmen on 21 February.