UK Plans New Law to Block Investment From Hostile Foreign Actors

UK Plans New Law to Block Investment From Hostile Foreign Actors
Britain's Business Secretary Alok Sharma arrives for a cabinet meeting at the Foreign Office in London, on Sept. 22, 2020. Leon Neal/Pool via Reuters
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Foreign takeovers of British businesses that may threaten national security will be banned, as the UK plans new powers to vet foreign investment.

A new bill will be introduced on Wednesday to update the UK’s current 20-year-old law on foreign investment, so that it will reflect contemporary threats and be in line with the country’s closest allies, the UK government said in a statement.
Lily Zhou
Lily Zhou
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Lily Zhou is an Ireland-based reporter covering China news for The Epoch Times.
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