The world continues down its insular track, closing rather than opening.
The UK government now wants legislation to make it mandatory for British companies to report attempted takeovers, particularly by Chinese firms.
Those that fail to do so could see their directors jailed, disqualified or fined hundreds of thousands of pounds.
The proposal is that businesses will be required to declare when a foreign company tries to buy more than 25% of their shares, acquire “significant influence” or purchase assets or intellectual property.
I can't help thinking that with the impact of Covid-19 and what looks to be the inevitable no-deal Brexit we need to encourage FDI not discourage it.
Boris Johnson is preparing to announce tough laws to prevent foreign takeovers that pose a risk to national security as concern grows about the influence of China.