Asked by: Lord Maginnis of Drumglass (Independent Ulster Unionist - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what steps they are taking to ensure that trade and business resources in the UK are not exploited by foreign businesses, in particular businesses based in China, during any economic depression resulting from the COVID-19 pandemic.
Answered by Lord Callanan - Shadow Minister (Foreign, Commonwealth and Development Office)
The Government continues to monitor the market closely during the Covid-19 pandemic and will take steps, as necessary, to ensure that UK businesses are not exploited.
The Government has existing powers, under the Enterprise Act 2002, to intervene in mergers and takeovers under three public interest considerations - national security, financial stability, and media plurality.
In December 2019, the Queen’s Speech lobby pack confirmed the Government’s intention to legislate to “strengthen the Government’s existing powers to scrutinise and intervene in business transactions to protect national security”.
Asked by: Lord Maginnis of Drumglass (Independent Ulster Unionist - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what plans they have to arrange a debate on the report into the Renewable Heat Incentive Scheme, following its publication on 13 March.
Answered by Baroness Evans of Bowes Park
My Noble Friend the Government Chief Whip does not intend to schedule such a debate in Government time. Members who wish to initiate a debate of their own are able to do so by tabling a question for short debate. Members can also seek to initiate a debate by entering the ballot for one of the monthly pairs of balloted debates.