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Industrial Strategy

Part of Laser Misuse (Vehicles) Bill [Lords] (Programme) – in the House of Commons at 3:40 pm on 18th April 2018.

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Photo of Kelvin Hopkins Kelvin Hopkins Independent, Luton North 3:40 pm, 18th April 2018

We have just seen a hostile takeover of GKN. Some of my constituents work at a GKN plant in Luton. Does this not look like a return to the kind of cowboy capitalism we have seen in the past, where hostile takeovers lead to asset-stripping that will make short-term profit rather than being about the long-term interests of the economy and our manufacturing sector?