HC Deb 21 July 1980 vol 989 c76W
Mr. Arthur Lewis

asked the Secretary of State for Industry, in view of the growing practice of foreigners and business concerns from overseas buying up British industry, houses, flats and hotels, comprising almost all sections of British industry and assets, whether he will cause an investigation to be made to ascertain the extent to which this has happened generally, and by Arab interests in particular; and whether he will make a statement.

Mr. David Mitchell

No. The Government have abolished exchange controls to enable capital to flow freely into and out of the country. Substantial United Kingdom investment occurs in a number of countries overseas and overseas investors invest in Britain.