To ask Her Majesty's Government what plans they have to increase the scrutiny of foreign takeovers in industries which are important to the resilience and security of the UK.
Answered on
6 August 2018
The Government published the ‘National Security and Investment’ White Paper consultation on 24 July 2018. The White Paper sets out how the Government will reform its powers to protect national security from hostile actors using ownership of, or significant influence or control over, businesses and assets in a way that may harm the country.
The Government is consulting for 12 weeks and will legislate when Parliamentary time allows.
Answered by
Department for Business, Energy and Industrial Strategy