Member

If an investment fund directly controlled by a serving UK Deputy Prime Minister were proposing to take a 15% stake in a UK newspaper, what would the reception be? Well, why on earth are we allowing a fund that is led by the United Arab Emirates equivalent of Angela Rayner to do just that? There is a serious debate to be had on this issue, but using an unamendable secondary instrument that subverts primary law is not the way to do it. Let us have a debate, with the Government introducing new draft primary legislation. We can talk about the difficulty of defining what funds are in and what funds are out in a proper setting. We must act to reassert Parliament’s role and to prevent us from crossing this Rubicon. I urge your Lordships not to let this measure pass. Please support this fatal amendment. I beg to move.