L

Lord Parkinson of Whitley Bay (Con)

Speaking in the House of Lords on 27 March 2025

Debate

UK Newspapers and News Magazines: Foreign State Investment Funds

Contribution

My Lords, I sympathise with the position that the Minister is in, but it is more than a year since the House passed what is now the Media Act 2024, and, even accounting for the general election, it is eight months since the consultation on this matter closed. As she will have heard from the questions across the House, this is causing concern for the staff and readers of the Telegraph. It is giving rise to questions about what representations the Government are receiving from other governments. It is also adding to confusion about the policy intent. Our understanding was always that foreign powers, as defined under the 2024 Act, will not qualify for an exemption. Is that still the case? Is she able to shed any light on that matter between now and the measure that she will bring forward?

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