New Clause 4: Steel Industry (Nationalisation) Bill
New Clause 4 - Limit on expenditure on financial assistance and compensation
“(1) The total amount of compensation paid by the Secretary of State under Part 2 and financial assistance paid under section 58 is limited to—
(a) £500m, or
(b) an amount so authorised by resolution of the House of Commons, whichever is higher.”—(Sarah Olney.)