
Lords amendment could thwart Emirati bid for Telegraph and Spectator
When the Emirati government moved to bid for the Daily Telegraph and The Spectator, via an investment vehicle called RedBird IMI, ministers were blindsided. Since the 2008 crash, autocracies have been testing how much infrastructure they are allowed to buy in newly debt-addled democracies (as this OECD report details) but Britain had not really joined other countries in setting limits. The idea of a national newspaper (and magazine) being controlled by any government, let alone an autocratic foreign government allied to Putin, is plainly absurd. But no laws exist to prevent it happening, because no one thought a foreign government would ever attempt it. The House of Lords could be about
