Rebecca Long-Bailey responds to Melrose takeover of GKN
Rebecca Long-Bailey, Labour’s Shadow Secretary for Business, responding to the Melrose takeover of GKN, said:
“The Government acted too little, too late. They could have intervened to stop this takeover, and they did not. As such, they have allowed a takeover to happen which may harm both our national security and industrial strategy.
“Labour would have used its powers to stop this bid and look at ways of broadening the public interest test to stop short-term predatory takeovers that may do severe harm to our economy.”