Draft Enterprise Act 2002 (Mergers Involving Newspaper Enterprises and Foreign Powers) Regulations 2025

Max Wilkinson Excerpts

Wednesday 18th June 2025 General Committees

[Max Wilkinson (Cheltenham) (LD)]

It is a pleasure to serve under your chairship, Sir Roger.

Without the free press, democracy cannot function, as the Opposition spokesperson just said. We therefore cannot allow foreign states to use their wealth and influence to hold stakes that threaten the independence and integrity of British journalism. The Government-proposed 15% non-cumulative threshold opens the door to exactly that kind of foreign influence that the draft regulations were initially meant to prevent.

In the Secretary of State’s statement on this matter, she said that the policy intention was that the Government wanted to ensure that state-owned investment vehicles, where they do invest, could not have influence over the business of a UK newspaper. Given the struggles of many traditional media outlets, however, I ask the Minister, why do the Government think that a foreign state might want to invest in UK media? Many organisations are well known to be struggling to turn significant profits, so is it perhaps because those foreign states might wish to exercise some other kind of influence over our public debate? Important lines must be drawn here, and we are interested in what the Government think about those lines.

Would the Government be comfortable with a company owned by the Chinese Government, directly accountable to President Xi, buying 15% of a UK newspaper? What about a consortium involving the Chinese Government and another state, perhaps Iran or any other hostile state, owning 30% or more of a British media brand? We can imagine the Government might not welcome investment by a future North Korean company reporting to Kim Jong Un, but will the Minister confirm whether the proposed legislation will explicitly bar that? Will any other bits of legislation bar it?

As the legislation stands, British newspapers could be fully owned by foreign Governments, opening our press to foreign interference, and interference in journalism and journalists as individuals that would go against the interests of the British people and the liberal democratic values that we hold dear. The Liberal Democrats therefore urge the Culture Secretary to revise the draft statutory instrument immediately, and to remove the right of foreign states to own any part of the British news media ecosystem.