Stephen Mosley
Main Page: Stephen Mosley (Conservative - City of Chester)AstraZeneca (Pfizer Bid)
Stephen Mosley ExcerptsUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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Vince Cable
My civil servants and I are devoting much thought to precisely that question. I am sure that the hon. Gentleman would not want me to spell out all the gory details.
Stephen Mosley (City of Chester) (Con)
I am a small, but long-term shareholder in AstraZeneca. Today’s questions have been focused on the effects on AstraZeneca and Pfizer itself. What has not been considered is that the takeover represents a £60 billion investment in the UK economy, and that money will then be reused to create new companies, jobs, investment and growth. Has my right hon. Friend made any assessment of the overall effect on the economy of this big cash injection?
Vince Cable
Of course, we will take that into account as part of our assessment in the national interest. Our starting point is the strength of the UK science base and our manufacturing industry, but there are positive potential implications for tax and for the flow of capital.