| Topic: | Re:Re:Re:Re:Re:Re:Re:The assets of the nation | |
| Posted by: | Michael Porter | |
| Date/Time: | 26/06/07 16:03:00 |
| I'm not sure about the relevance of the buying company's nationality, but a commitment to the EU and a related reduction of independent UK govt decision making ability is relevent in this area. Note the government's assuruances that they would not stand in the way of a Russian govt controlled entity buying this country's largest retail gas supplier in the spirit of a free capital market. This is in stark contrast to the 1980's UK govt forcing Kuwait to reduce its stake in BP as it didn't want a strategic asset in the hands of a foreign government. Personnally, I'm against protectionism anyway, but I guess the point is that membership of the EU inevitably binds the UK govt into acting (or failing to act) differently than it may do independently. |