Member

This whole debate is complicated by the specific issue of the Telegraph and the RedBird bid that includes a 15% United Arab Emirates interest. It is the Telegraph bid that seems to be driving the Government’s unseemly haste on this. By easing an outright ban on foreign-state ownership, Secretary of State Nandy’s plan is clearly meant to help improve British relations with this wealthy Gulf state. I think the Government have another agenda in this regard, and it would be helpful to understand what it is.