Should the Emiratis be allowed a minority stake in the Telegraph?
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'.