Sovereign Defence Capability: Meggitt Takeover Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Holmes of Richmond
Main Page: Lord Holmes of Richmond (Conservative - Life peer)Department Debates - View all Lord Holmes of Richmond's debates with the Department for Business, Energy and Industrial Strategy
Sovereign Defence Capability: Meggitt Takeover
Lord Holmes of Richmond Excerpts(3 years, 2 months ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Callanan (Con)
The answer to the second part of the noble Baroness’s question is yes. On the first part, it is a quasi-judicial process, and the Secretary of State has not taken a decision on it, so I cannot go any further than what I have said so far.
Lord Holmes of Richmond (Con)
My Lords, what steps have the Government taken to strengthen their investment screening processes?
Lord Callanan (Con)
As I just indicated in my answer to the noble Baroness, Lady Hayter, this House debated at length and passed the National Security and Investment Act, which strengthens the Government’s powers. That Act is in the process of being implemented now. We have already passed a number of statutory instruments, and it will commence fully in early January.