Amend the National Security and Investment Act to protect UK soft power exports

Amend the National Security and Investment Act to protect UK soft power exports — 8 signatures. Status: rejected.

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In light of the takeover of the aviation company Easyjet and the mainstream media entity ITV from American conglomerates, I request that the Government amend the National Security and Investment Act to protect our soft power exports and expand this Act to cover broadly National Infrastructure.

Additional details

Over the last decade, foreign acquisitions of British-based companies have accelerated, reaching a 26-year high this March. Bought companies vary significantly from microelectronics (ARM Holdings, 2016), mass media (Sky, 2018), beverages (SABMiller, 2016), security (G4S, 2021), groceries (Morrisons, 2021), and AI (DeepMind, 2015). The sheer variety of industries, including National Security, demonstrates weakness and allows foreign companies to acquire emergent or established British companies.

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