Parliament and the press
Attempts by the Emirati government to buy The Spectator and the Telegraph through RedBird IMI, one of its state investment vehicles, pose a conundrum. There is no existing law against such a deal because until this point safeguards have not been needed. No autocracy has ever before attempted to buy a leading national newspaper in a democratic country. The Prime Minister may feel powerless to stop the deal, given the lack of legal tools available, but Baroness Stowell, a Tory peer, has now proposed an amendment to the Digital Markets Bill. This would require that any foreign power which wishes to buy a national publication must first secure parliament’s approval. No one in the House of Commons or Lords has raised a serious objection to this common sense principle.