'We can certainly compete with China' The chancellor is now asked about the advanced talks with Britain's biggest steel producer – Tata Steel – to hand over a £500m aid package aimed at securing the long-term future of steelmaking in South Wales. Jeremy Hunt accuses Trevor Phillips of being "negative and declinist" after it is put to him that the government is aiming to prop up an industry that can't compete with China. The chancellor argues the UK "can certainly compete with China". He says: "We are the world's second largest colleagues offshore wind producer and when it comes to…