Newspapers: Foreign Ownership

Baroness Butler-Sloss Excerpts

Wednesday 16th July 2025 Lords Chamber

[Baroness Twycross (Lab)]

If there were any attempt to intervene in the direction of the newspaper, the Secretary of State would, as I have mentioned, have a specific duty to intervene. We have followed the CMA guidance very closely; I ask your Lordships’ House to note that page 20 of the CMA’s jurisdiction and procedure guidance sets out how the CMA assesses whether material influence arises. Generally, the CMA views shareholdings of below 25% as

“less likely to confer material influence”,

but it may scrutinise shareholdings below this figure to consider whether there are factors that indicate material influence.

As I mentioned, though, we should all be explicitly clear that the foreign state influence regime gives the Secretary of State not just the ability to intervene but an explicit duty to do so: she must intervene and refer to the CMA for investigation merger cases that she suspects may have resulted, or may result, in foreign state control or influence over a newspaper enterprise’s policy.

[Baroness Butler-Sloss (CB)]

My Lords, how on earth would the Secretary of State know whether a particular individual on a particular committee was influencing that newspaper?

[Baroness Twycross (Lab)]

The Secretary of State does not have to have all the evidence: it is for the CMA to investigate. The regime has a duty to intervene where she suspects that there may be influence. I am happy to provide further information to the noble and learned Baroness, or to meet her and others who have questions about this. The Secretary of State does not have to have material evidence; she just has to have reasonable grounds to suspect that this might be the case. If it were to be the case—for example, if a newspaper took a radically different position or there was a nuance change—it is likely she could intervene in that regard.