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Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

I am grateful to Opposition speakers, the shadow Minister and the hon. Member for Glenrothes, for their contributions and to my hon. Friends the Members for Arundel and South Downs, for North West Norfolk, for Clwyd South and for West Aberdeenshire and Kincardine for their excellent interventions.

On new clause …

..."

Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)

Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

I apologise. I will say instead that the clause seeks to create a non-exhaustive list of factors that the Secretary of State may take into account when considering whether something is a risk to national security for the purposes of the Bill.

The Bill as drafted does not seek to …

..."

Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)

Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

I will happily take the hon. Lady’s intervention once I have gone through these points.

Secondly, the new clause would not replace the statement; instead, it would appear to sit alongside it. The Government think that would probably cause confusion rather than clarity, although I have no doubt that the …

..."

Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)

Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

I was referring to the shadow Secretary of State’s request on Second Reading that an industrial strategy test be included in the Bill.

As I was saying, factors that the Secretary of State may have regard to through the new clause are wide ranging. This is an important Bill about …

..."

Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)

Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

I thank the hon. Member for Glenrothes and the hon. Member for Newcastle upon Tyne Central for setting out the arguments in support of new clauses 2 and 3, which both relate to the treatment of small and medium-sized enterprises in the regime.

On new clause 2, the Government are …

..."

Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)

Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

New clause 5 seeks to require the Secretary of State to maintain a written list of high-risk and low-risk acquirers, as we have heard, to allow differential internal scrutiny to be applied, by reference to the characteristics of the actors linked to the acquirer, and based on regular multi-agency reviews. …

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Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)

Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

My hon. Friend raises an incredibly important point, because, as he rightly says, factors other than the risk profile of the acquirer may determine whether an acquisition is subjected to greater or lesser scrutiny. It is also likely that any list would quickly go out of date. Entities in this …

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Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)

Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

I assure the hon. Lady that Her Majesty’s Government do exactly that, but the Bill is deliberately country-agnostic. Indeed, to give parties predictability on small business and to provide for rapid decisions where possible, the regime has clear and strict timelines, as we have heard throughout the debate. Additionally, clause …

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Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)

Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

I am grateful to the hon. Member for Southampton, Test for setting out his case for the new clause and to the hon. Member for Glenrothes for his contribution.

When I first read the new clause, I was fortified to see that, despite previous debates that we have had in …

..."

Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)

Speech in Public Bill Committees - Thu 10 Dec 2020
National Security and Investment Bill (Twelfth sitting)

"

Would the hon. Lady like a test?

..."

Nadhim Zahawi - View Speech

View all Nadhim Zahawi (Con - Stratford-on-Avon) contributions to the debate on: National Security and Investment Bill (Twelfth sitting)