the Labour Manifesto has begun to leak as they try to get back some momentum in the election campaign.
Now Labour have been doing badly but not too atrociously so far, but now I think they have gone and done it. They have decided to make it much harder for Foreign firms to buy UK firms. Only it appears that the UNITE union has forced it on them.
Moreover the last few years of their Government has seen many UK companies taken over by foreign ownerhsip... BAA, ICI, Corus, Imperial Energy, Cadbury's. A chunk of the FTSE100 in fac...and just today BA has merged with Iberia.
Also Gordon Brown was out yesterday at Innocent Smoothies bestowing his curse on them as another UK company was taken over by Coca-Cola yesterday!
This policy is real bolt the stable door after the horse has long gone. Where is their credibility to do this 10 years after reversing the rules?
Not only that but the lame claim that somehow other countries are protectionist, we should be too. What rot. France is protectionist as is Germany, they have double the unemployment of the UK and less than half the Forieng Direct Investment - go figure. Just because other States want to throw rocks in their Harbours does not mean that we should!
Weak, Weak, Weak.