§ Mr. Austin Mitchell
asked the Prime Minister if she will introduce legislation to prevent United Kingdom firms being bought up by foreign firms in cases where this would give the foreign firm access to United Kingdom export outlets in other countries.
§ The Prime Minister
No. Successive Governments have followed a policy of encouraging foreign direct investment in this country for the considerable benefits it brings in employment. Such legislation would have an adverse effect on our ability to attract investment. Adequate safeguards already exist to protect national interests.