Telegraph Media Group Ltd: Acquisition

Kirsty Blackman Excerpts
Tuesday 30th April 2024

(2 weeks, 4 days ago)

Commons Chamber
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Lindsay Hoyle Portrait Mr Speaker
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I call the Scottish National party spokesperson.

Kirsty Blackman Portrait Kirsty Blackman (Aberdeen North) (SNP)
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I thank the Secretary of State for advance sight of her statement. My Front-Bench colleague, my hon. Friend the Member for Perth and North Perthshire (Pete Wishart), and the SNP more widely are pleased about the decision and today’s announcement. It feels as though the protection of the independence and legitimacy of the media is something people feel strongly about across the House, no matter which party they represent. I am pleased that everybody is speaking with one voice on the blocking of foreign interference in our media outlets.

I wonder about the way in which this process has happened. Is she going to have a look at how it worked and whether or not RB Investco and the UAE were able to exploit loopholes to ensure that the process took longer than it could have taken in order for this decision to be made? Will she look at whether there are ways of tightening up the Enterprise Act and the legislation to ensure that those decisions can be made more quickly and loopholes cannot be exploited?

Legacy media outlets are struggling in a lot of ways, and many of them may be looking at alternative ways of funding what they are doing. Will she make it clear that, like us, she feels that that freedom of the press from foreign interference is incredibly important, no matter what the financial situation of the companies in question?

Lucy Frazer Portrait Lucy Frazer
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The hon. Lady talks about tightening up the process. We significantly tightened it in the amendment that the Government tabled in the Lords and is coming back to this House today. That will indeed make sure that there can be no ownership, control or influence by a foreign state, because, as she makes clear, that is an important part of our democracy.