Why are British companies being sold off to foreign companies?

But sadly that is not the whole story. The acquisition is only the latest example of a British-built and British-owned company being sold abroad, against the interests of working people in this country. It should be stopped, and the whole trend of selling off British industrial assets should be stopped too. read more

The acquisition is only the latest example of a British-built and British-owned company being sold abroad, against the interests of working people in this country. It should be stopped, and the whole trend of selling off British industrial assets should be stopped too. read more

In fact, to date, we’ve sold off more than half our assets to foreign owners. And the pace is escalating. In the face of political indifference, foreign companies acquired £30billion worth of British enterprises in 2009. In 2010, that rose to a value of £54.5 billion. read more

When a British company is sold to a foreign owner the flow of future profits goes with the ownership. Of course there is a temporary infusion of funds to the UK as the assets are sold but this is at the expense of losing the right both to future profitability and to any growth in value of assets lost to UK ownership. read more