The UK plans to make amendments to the proposed National Security and Investment law for fear of losing on investors seeking to buy stakes in British assets. Under a proposed government amendment, prospective overseas buyers of UK assets must notify the government if they are seeking a stake of 25 per cent or more, compared with 15 per cent in the existing draft bill.
The changes will be discussed when the legislation returns to the House of Lords for its report stage from April 15. The move comes at a time when the government tries to push the economy out of the worst recession the UK has seen in three centuries.
