Telegraph Media Group: Proposed Sale to RedBird IMI Debate
Full Debate: Read Full DebateDepartment: Department for Digital, Culture, Media & Sport
James Sunderland
Main Page: James Sunderland (Conservative - Bracknell)Department Debates - View all James Sunderland's debates with the Department for Digital, Culture, Media & Sport
Telegraph Media Group: Proposed Sale to RedBird IMI
James Sunderland Excerpts(10 months, 3 weeks ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
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James Sunderland (Bracknell) (Con)
I am sure that many Members are, like me, concerned about foreign ownership of our institutions and businesses. Our national resilience, strategic independence and critical infrastructure, as well as our media, are vital. To quote the well-known album, how do we ensure that we do not end up selling England by the pound?
Julia Lopez
As I have said in answers to similar questions, we have powers to look into some of those investment and ownership questions, and they do not relate just to the media. We now have much broader national security and investment powers in relation to questions such as these and to other areas in which there is a critical national interest in the ownership of a particular asset. It would be wrong for Members to leave the Chamber with the belief that there are no such powers and that all these acquisitions can go ahead regardless of security and other implications.