Former business secretary says bill aimed at blocking back-door foreign takeovers would deter investment
The Labour former business secretary Peter Mandelson has described the government’s national security and investment bill as “a powerful deterrent to foreign direct investment”, amid warnings that its introduction could be chaotic.
In a webinar discussing the impact of the new legislation, Lord Mandelson argued that “in those halcyon New Labour days, such a system of state screening would have been unthinkable.”