Fraser Nelson

When Israel assassinated a top commander in Iran’s Quds Force in Damascus a fortnight ago, it knew that Tehran would have to respond with a direct attack. So news this evening – that Iran has sent a swarm of kamikaze drones that will take nine hours to reach Israel – is in line with those expectations. Israel had already called up reserve units for its air defence: tonight’s dispatch of about 50 Shahed drones (used regularly in Ukraine) was the minimum of what was expected. Israel says it will try to take them out as they fly over Iraq (they have already been filmed en route). The question is whether Iran will later reinforce with missiles. A cruise missile will take two hours and a ballistic one about 12 minutes according to Israel’s N12 news.

In the end, it was watertight. The House of Lords has just voted through a new law banning foreign governments from owning British newspapers and magazines. Any ‘material influence’ has been banned, so neither the United Arab Emirates or any ‘foreign power’ will be allowed so much as a 0.1 per cent stake in The Spectator, Daily Telegraph or any similar publication. The Emiratis had agreed to buy both titles through RedBird IMI, a vehicle majority-funded by vice-president Sheikh Mansour. Tina Stowell, the Tory baroness who led the campaign, has now stopped this deal in its tracks. She drew from the government an amendment to the Digital Markets Bill which has just passed its third reading and will soon become law.

Last week, a rebellion in the Lords drew a government pledge to ban foreign governments and their proxies from owning British newspapers and magazines. It was a historic moment for the defence of press freedom in the era of acquisitive, well-connected autocracies. It will have global significance. But the devil was always going to lie in the detail, and that will come in the third reading of the Digital Markets Bill due Tuesday. The risk is that ministers may row back and allow the Emiratis to become part-owners of this magazine and the Telegraph by keeping a low stake of 5 per cent or even 1 per cent. This would still grant them the ownership status that they seek, albeit on a far-diminished basis. If so, would it matter? I think so, for the following reasons.

Something happened today which, if it were any other country, would be seen to be remarkable: Vaughan Gething, the new First Minister of Wales, became the first black leader of any country in Europe. But having a non-white leader is not remarkable in British politics. The governments of London Scotland, Wales and the UK governments are now led by what no one calls ‘politicians of colour’. In the past few years we have seen a Buddhist Home Secretary (Suella Braverman), a black Foreign Secretary (James Cleverly) and a British Asian (Sajid Javid) rival Churchill for the number of Cabinet jobs held. They are all admired or criticised for a whole bunch of reasons but their skin colour is seldom a point for discussion.

No foreign power will ever be allowed to buy a UK newspaper or magazine: that’s the upshot of this week’s debate in parliament. The new law, due in a few weeks, is also expected to rule out minority stakes. So what next for us – and the Telegraph? It has been said that the Emiratis may have been our best bet because no one else wants to invest in newspapers and magazines. The opposite is true. It’s a point that needs to be more widely understood, so I’d like to say something about the auction we came so close to completing last December.

In a landmark ruling for press freedom in Britain, the government has today moved to outlaw ownership of national newspapers and magazines by foreign powers. The text of the proposed new law has not been published but it would appear to rule out any Emirati ownership – in whole or in part – of the Daily Telegraph and The Spectator. The move came after backbenchers in the Lords and Commons gathered in such numbers that, had the government not acted, Parliament would have done. It's a case study of democracy at work. Tina Stowell, a backbench Tory peer, organised an amendment in the House of Lords to be voted on today - galvanising the debate.

How much of The Spectator and the Daily Telegraph should the United Arab Emirates be allowed to own? Tomorrow, the Lords will debate whether ‘foreign powers’ (as defined by the National Security Act) should be allowed to own national publications in light of the RedBird IMI bid for the two titles. The government may table an amendment to the Digital Markets Bill to diminish the chance of a rebellion via Tina Stowell's amendment. However the vote goes, the debate will be a landmark. The consensus is that blocking the Emirati bid is (as Michael Forsyth put it in the Lords) an 'absolute no-brainer'. As the Lib Dem MP Jamie Stone put it 'the mood of the House (of Commons) is that this is simply not on'.