01 February 2021 - Late morning - Login for venue
The UK Government is introducing comprehensive and wide-ranging proposed reforms to its powers to scrutinise foreign investment, and investment with national security implications. The long-awaited National Security and Investment Bill marks a step-change to the Government’s enforcement powers bringing it into line with most other developed countries. While strengthening the UK’s ability to intervene in transactions to protect UK national security, the Government wants to ensure that the UK remains a “global champion of free trade and an attractive place to invest.” Three questions arise: Is this too late after domestic and foreign takeovers of a raft of leading UK companies? Will this cut the enviable rate of UK foreign direct investment? And, will decisions form part of a consistent and effective industrial policy? Stephen Kinnock MP who reviewed this Bill as a member of the Public Bill Committee, will lead the discussion of these issues.
Speakers will include: