M

Member

Speaking in the House of Lords on 22 July 2025

Debate

Enterprise Act 2002 (Mergers Involving Newspaper Enterprises and Foreign Powers) Regulations 2025

Contribution

But we must be under no illusion. When the possibility of multiple states owning a single media asset is eliminated, there remains the option of one state being able to exert its influence with a 15% stake. It is also worth noting that there is nothing in the proposed legislation that prevents one state-owned investor from owning 15% of more than one UK media asset—possibly all of them—thereby securing very broad influence on British public life. The upcoming statutory instrument is just tinkering with something that is essentially very wrong. The only way to stop this is to vote for the fatal amendment.

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