Complete transcript of GKN exchange at Prime Minister's Questions - Feb 7

Centuries-old GKN, a world-class company and Britain’s third-biggest engineering company, is facing a hostile takeover by Melrose, leading to break-up, sell-off, closures and redundancies. That would make a mockery of industrial strategy. The Government have the power to intervene because of the defence work carried out by GKN. Will the Prime Minister act in the national interest and block this unwanted takeover?

Of course, the Business Department will be looking closely at, and has been following closely, the issue that the hon. Gentleman has raised. I can assure him that I, and the Government as a whole, will always act in the UK national interest.