May’s economic nationalism a threat to prosperity
Reaction to Osborne's abandonment of budget surplus target
Philip Booth comments on the decision to cut bank rate
Reaction to the announcement that all foreign takeover bids will be assessed
“The concept of a foreign takeover is largely meaningless in the modern world. The idea that the Prime Minister or the Secretary of State for BEIS should be determining what takeovers can occur based on the nationality of companies or owners and some undefined concept of the ‘national interest’ is absurd. It’s unclear why we should think of a foreign takeover differently from foreign competition putting an existing UK company out of business.
“The UK should be trumpeting the case for openness and free trade. Recent support for an industrial strategy, and now apparent opposition to foreign takeovers suggest a possible return to the economic planning that was so damaging in the 1970s. It needs to be revisited if Britain is to thrive in a post-Brexit world.”
Notes to editors:
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