Member

My final point sheds light on what I regard as the poor preparation of this statutory instrument. When I and the noble Baroness, Lady Bonham-Carter, met Stephanie Peacock MP, the Minister for Sport, Media, Civil Society and Youth, on 15 May, one of the first questions that we asked was whether the statutory instrument would allow multiple tranches of 15% from multiple countries. Despite the obviousness of this question, there was clearly no prepared answer. Lisa Nandy’s plan, as it stands, would allow different state-owned investors to each acquire up to 15% in the same UK newspaper. Whether this was deliberate or accidental, on 18 June Minister Peacock announced during the Delegated Legislation Committee debate in the House of Commons that