Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of foreign direct investment screening mechanisms on UK economic sovereignty.

The UK balances an open investment environment to facilitate growth while protecting the areas of our economy that are the most sensitive to national security. The National Security and Investment Act supports our economic sovereignty by giving us power to intervene where we need to, while allowing the vast majority of inward investment to proceed.

The NSI Act was inspired by, and brought the UK’s approach to investment screening in line with, many other countries, including our close allies. The Act is a product of close international cooperation to ensure the UK’s investment screening regime draws on global best practice.