Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, what recent assessment he has made of the potential increase in risk to national security of critical national infrastructure being owned by foreign governments and companies.
The Government undertakes regular reviews of our preparedness for the risks facing the UK through the National Security Risk Assessment (NSRA) and National Resilience Capabilities Programme (NRCP). This includes the risk from foreign investment into critical national infrastructure.
In addition, the Government considers any national security implications arising from foreign investment on a case-by-case basis, including in investments in Critical National Infrastructure. The Government’s approach is predicated on a risk assessment based on the specific circumstances of the case.
The Government’s current powers to intervene in mergers that may raise national security concerns are contained in the Enterprise Act (2002), which establishes key parts of the UK’s competition regime. The vast majority of transactions raise no national security concerns and the Government expects to quickly rule out national security risks in most cases, allowing parties to proceed with certainty.