ALEX BRUMMER: With the pound in a post-Brexit vote slump it's time for May to halt foreign bids


The Government should not take too long to decide how it intends to police overseas takeovers. 

The more it prevaricates over one of the most specific pledges made by Theresa May on the Downing Street steps, the more vulnerable Britain becomes to assaults on technology, finance and the tax base of the economy.

The 17 per cent tumble in the pound, post-Brexit, has made the top FTSE 350 companies and beyond particularly susceptible to a hard currency bid from the US, Japan or China.

Britain’s leader in the ‘Internet of Things’, ARM Holdings, fell into the hands of Japan’s Softbank while the Tories were still sorting themselves out over the summer. 

The 17 per cent tumble in the pound, post-Brexit, has made the top FTSE350 companies and beyond particularly susceptible to a hard currency bid from the US, Japan or China

The 17 per cent tumble in the pound, post-Brexit, has made the top FTSE350 companies and beyond particularly susceptible to a hard currency bid from the US, Japan or China

As seriously, the UK’s lead in artificial intelligence is…



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