Enterprise Act 2002 (Mergers Involving Newspaper Enterprises and Foreign Powers) Regulations 2025

Debate between Lord Geddes and Baroness Stowell of Beeston

Tuesday 22nd July 2025 Lords Chamber

[The Deputy Speaker (Lord Geddes) (Con)]

My Lords, I must inform the House that if the amendment in the name of the noble Lord, Lord Fox, is agreed to, I will not be able to call the amendment in the name of the noble Baroness, Lady Stowell of Beeston, for reasons of pre-emption. The Question I therefore have to put is that the amendment in the name of the noble Lord, Lord Fox, be agreed to.

[Baroness Stowell of Beeston (Con)]

My Lords, although I take a different position on this from the noble Lord, Lord Fox, I too would like to welcome him back to his place, and I am pleased to see that he is making a good recovery from his accident.

Last year, the House protected and guaranteed press freedom by forcing the Government to change the law and put beyond doubt the risk of a foreign Government owning, controlling or influencing a British newspaper. None the less, we accepted that it would be necessary to allow limited exemptions to state-owned investment funds to ensure the industry’s financial viability. So the principle of what we are debating today is not new. Although I do not endorse how the noble Lord, Lord Fox, depicted some of the differences, we certainly cannot deny that the regulations before us today present a different model from the one we were promised over a year ago. The cap is, as we have heard, 15%, not 5%, and instead of distinguishing between different states’ investment funds so that only some are permitted, all are included but limited to passive investment only.

The other thing we should not ignore is how badly the Government have handled this whole process and made arriving at a solution far more complicated than it needs to be. I will come back to that in a moment, as well as raising some questions for the Minister to address when she comes to wind up.

The question I have grappled with is whether a 15% cap, restricted to passive investment only, still supports the much bigger principle of press freedom that we fought hard to protect. I have concluded that, with some safeguards, it does, and in reaching my view, I have not just considered what is best for the future of the Telegraph, I have very much taken account of how we need to safeguard the future of the whole news industry. Because, while we all care about protecting a free press, upholding that principle will serve little purpose if our news industry cannot survive, and its economic conditions are worsening.

Last year, when I brought forward my amendment, the Communications and Digital Committee was conducting a major inquiry into the future of news. It was plain to see then that the news industry was in jeopardy and its business models threatened like never before. The Minister has already outlined how the pace of technological change, as well as fierce and unfair competition from the tech sector, has eaten away at advertising revenue for many years. But the situation has accelerated since last year. The sharp decline in traffic to news websites from AI-generated news summaries via search pages or models such as ChatGPT, never mind the ongoing uncertainty over copyright law, which the House has debated many times in the last few months, presents an existential threat—I repeat that phrase which the Minister used, because I genuinely think that is real.

By the way, it is also worth pointing out that the major foreign tech platforms, which curate news stories based on algorithms and provide these AI summaries, are far more powerful and potent in shaping public opinion than any British newspaper. They have access to all the investment capital they need, without any constraints as to where they source their funds.

The news industry needs to invest heavily to compete with the tech sector, yet its routes to readers and revenue streams are shrinking rapidly. Subscription is not a viable model for all organisations, with the mid-market red-tops and local news at gravest risk. But, even though market consolidation is likely and conditions are bad, we can be confident that our action last year dealt with the threat of several British newspapers or news organisations ending up in the hands of foreign powers. Now, we need to make sure that the UK news industry itself can respond to the challenges it faces.

House of Lords: Oral Questions

Debate between Lord Geddes and Baroness Stowell of Beeston

Thursday 29th January 2015 Lords Chamber

[Baroness Stowell of Beeston]

I really do disagree with the noble Lord’s description of the way in which we conduct ourselves during Oral Questions in so far as who gets to ask a supplementary question, because none of us chooses who gets to ask a supplementary question. It is the responsibility of all of us to ensure that we all have an opportunity to ask a question. In this Session alone, more than 400 Members of this House have been able to ask a question, so quite a lot of Peers have that opportunity. It would be a very big and serious step for us to move from the position we have now, which is freedom for everybody, to one where we invest power in a single person.

[Lord Geddes (Con)]

My Lords, I am told that I have a certain reputation in this context. Will my noble friend confirm to me and the House that there is no such person as a “noble Archbishop” or a “noble Bishop”—they are a “most reverend Primate” or a “right reverend Prelate”? The epithet “learned” is restricted to those who have held senior posts as judges or Law Officers of the Crown—

[Lord Geddes]

Far too long.

And, indeed, with great respect to the noble Lord, Lord West, who holds an award for extreme gallantry, that epithet is reserved entirely for Admirals of the Fleet, Field Marshals, Marshals of the Royal Air Force, Chiefs of the Defence Staff and holders of the Victoria Cross or the George Cross.

[Baroness Stowell of Beeston]

My noble friend is absolutely right.

Housing: Affordable Housing

Debate between Lord Geddes and Baroness Stowell of Beeston

Thursday 12th June 2014 Lords Chamber

[Baroness Stowell of Beeston]

I can certainly confirm that under the previous Administration the number of affordable rented homes fell by 420,000 between 1997 and 2010. By contrast, I am pleased to inform the House that we have announced this morning that more than 41,000 affordable homes were started last year; that is 15% higher than the year before, and that means almost 200,000 affordable homes have been delivered in England since 2010. We clearly have further to go but in addition to the range of measures in the Written Statement I tabled on Wednesday, I expect my right honourable friend the Chancellor to announce further steps this evening.

[Lord Geddes (Con)]

Will my noble friend encourage her department to make it mandatory for all new housebuilding to include energy-saving devices, most particularly photovoltaics?

[Baroness Stowell of Beeston]

I am not at liberty to commit from the Dispatch Box to a new building regulation if one does not already exist but I will certainly explore the point that my noble friend raises and come back to him.