00:00We have to retain some steelmaking capability if we are going to have a credible defence,
00:07which comes to a much wider question of our industrial base and what it would mean
00:13if the country were meaningfully to need to arm itself.
00:17It is effectively impossible to be able to defend yourself in what is an ever more dangerous world
00:25if you don't have a proper industrial base.
00:26And it is very difficult and commercially effectively impossible to have a proper industrial base
00:33when our energy price is this high.
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