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July 24, 2017

UK to tighten foreign investment reviews

Henry Jackson Society

The British government is pressing ahead with plans to tighten screening of foreign investments by China and other countries amid concerns that such flows could compromise national security.

In the election manifesto they published in May the Conservatives pledged that prime minister Theresa May would ensure foreign ownership of companies controlling “important infrastructure” would not undermine British security.

Several former Tory ministers have backed a new report by the Henry Jackson Society, a think-tank, calling for the creation of a body along the lines of Cfius. “Right now the problem is we don’t have a review process that sits down and sensibly goes through the security implications [of foreign deals] or at least in a way that is well resourced,” said John Hemmings, author of the report.

Read more in the Financial Times