A consultation is launched on new measures that would allow the government to intervene in the takeover of companies with turnovers of £1m or more for national security reasons.
Greg Clark. Photo: Shutterstock
The UK government is to strengthen Britain's takeover regime to protect companies that raise national security issues.
Currently the government can only intervene in takeovers of companies with a turnover of £70m or more. That figure is set to be cut to £1m so that much smaller companies can be protected.
The government will also remove a requirement that an intervention be triggered by the potential for a takeover to increase the UK market share of a company by 25%.
Business secretary Greg Clark said: "Britain has, and always has had, a proud record of being open to the world as the foremost advocate of free trade.
"It is right
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