Wednesday, October 18, 2017

Government plan on foreign takeovers doesn't go far enough

Liberal Democrat leader Vince Cable says that the government Green Paper on foreign takeovers does not go far enough.

Vince Cable said:

“There is a powerful case for strengthening public interest case on takeovers, as indeed I argued following the attempted takeover of Astra Zeneca.

“However the government’s proposals as they stand are far too narrow.

“Their scope must be widened to properly defend Britain’s entire science base, not just a narrow subset of businesses in the military and computer hardware sectors.

“In recent months, several of our high-tech companies have been snapped up by foreign competitors taking advantage of the cheap pound.

“These underwhelming proposals from the Government are unfortunately a case of too little, too late.”


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