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The Parliamentary Under-Secretary of State, Department for Culture, Media and Sport (Baroness Twycross) (Lab)

Speaking in the House of Lords on 27 March 2025

Debate

UK Newspapers and News Magazines: Foreign State Investment Funds

Contribution

My Lords, the Government are clear that foreign states should not be permitted to influence the policy or operation of UK newspapers and news magazines. Exceptions to the new foreign state intervention powers in the Enterprise Act are required to permit sovereign wealth funds, public sector pension funds or similar to invest up to strict limits. As I mentioned to the noble Baroness in our previous debate on this, we are carefully considering responses to the consultation published by the previous Government. We hope to publish a response to that very soon and lay the SI shortly after.

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