‘All we get from this chaotic Tory government is more consultations’ – Rebecca Long-Bailey
Rebecca Long Bailey MP, Labour’s Shadow Business Secretary, commenting on the BEIS written ministerial statement on changes to takeover regime, said:
“The current takeover regime is not fit for purpose and all we get from this chaotic Tory government is more consultations when the country desperately needs a proper industrial strategy.
“These proposals fail to protect workers or their pensions.
“The Government must take immediate action, Labour will look at ways of broadening the public interest test to stop short-term predatory takeovers that may do severe harm to our economy.”