Extract from second reading (Commons) of the National Security and Investment Bill - Nov 17
Wednesday, 18 November 2020 08:39
Darren Jones (Bristol North West) (Lab):...Lastly, I am not
entirely clear what the assessment process is under the Bill. In
previous examples, such as the hostile takeover of GKN by Melrose,
in which I declare a constituency interest, the national security
assessments were undertaken by the Secretary of State for Defence
and, perhaps for fair reasons, were done without much oversight or
transparency. Given that all those sectors will now be subject to
national security assessments, will it...Request free trial
(Bristol
North West) (Lab):...Lastly, I am not entirely clear what the
assessment process is under the Bill. In previous examples, such as
the hostile takeover of GKN by Melrose, in which I declare a
constituency interest, the national security assessments were
undertaken by the Secretary of State for Defence and, perhaps for
fair reasons, were done without much oversight or transparency.
Given that all those sectors will now be subject to national
security assessments, will it be the Ministry of Defence, the
Department for Business, Energy and Industrial Strategy, the
intelligence services or another body that undertakes them? It
would be useful to have some transparency about who is making the
assessment and how the Secretary of State will ultimately balance
very difficult decisions...
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