B

Baroness Stowell of Beeston (Con)

Speaking in the House of Lords on 5 March 2025

Debate

Telegraph Newspapers

Contribution

My Lords, it is a year since this House voted to put beyond doubt the possibility of a foreign Government or power owning a British newspaper, yet ownership of the Telegraph remains unresolved. The newspaper continues to function, and all credit to those involved, but the situation is unsustainable because the business needs the freedom to move on. I hear what the Minister says, but after all this time, when there is no sign of a deal, can she tell us how long the Government intend to wait before using their powers to intervene and force a sale, however regrettable such an intervention would be? When will the Government bring forward the secondary legislation to provide a capped exemption for indirectly controlled foreign state investment funds, which is important to the sustainability of all parts of the news industry?

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