Britain for Sale British Companies in Foreign Hands – The Hidden Threat to Our Economy

by Brummer, Alex

• ISBN13: 9781847940766
• ISBN10: 1847940765
• Format: Paperback
• Copyright: 2013-06-01
• Publisher: Random House Business

Summary

'Buy British!' we often hear, and many foreign companies have done just that. US food giant Kraft bought Cadbury in 2010, Dutch group AkzoNobel acquired ICI in 2007, Deutsche Bahn now own Arriva, and that's just the beginning. The truth is that hundreds of billions of pounds' worth of British businesses have been sold off abroad in recent years. But what does this takeover bonanza mean to our future economic health? In Britain for Sale, award-winning financial journalist Alex Brummer investigates this question, explaining why British companies are so irresistible to overseas buyers and weighing up the true cost of these transactions.

Author Biography

Alex Brummer in one of the UK's leading financial journalists and commentators. After a long and successful stint at the Guardian he moved to the Daily Mail, where he has been City Editor for the past ten years. He has won prizes both as a foreign correspondent and as an economics writer, and was named Financial Writer of the Year at the London Press Club in 2010. He is the author of The Crunch and The Great Pensions Robbery.