Extract from Lords motion to approve the Enterprise Act 2002 (Specification of Additional Section 58 Consideration) Order 2020 - July 15

Lord Foulkes of Cumnock (Lab Co-op) [V]:...Can the Minister ensure that there is no way in which the real ownership of the companies involved will be kept secret by registering them in one of the overseas territories or Crown dependencies, making it difficult to detect potential security threats? Finally, there is a possibility that the Government will use these enhanced powers to implement a “jobs for the boys” approach to mergers and acquisitions. We have seen what can happen when friends of Dominic Cummings are given these kinds of contracts. I hope that we can have an assurance that we will not see that kind of thing in this instance...

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