I have tabled a question for oral answer in the House of Lords this afternoon, as follows:
“To ask HM Government what proportion of the United Kingdom’s critical national infrastructure is owned by foreign-owned companies; and what assessment they have made of the benefits and disbenefits of that level of ownership”
I am sure I will receive a courteous answer but I rather suspect that what it will boil down to is (1) the Government don’t really know what proportion of our infrastructure is in foreign hands; (2) that they haven’t really got a policy on it; and (3) even if they wanted to do something about it they feel it is either too late or there is nothing that they can do.
Earlier this month the Government announced, in response to a critical report from the Intelligence and Security Committee, that it would be reviewing the role of Chinese-owned Huawei in the UK’s telecommunications and security infrastructure. This is welcome, if a bit late. I have been banging on about this for ages: for example here and here.
Six years ago the think tank Chatham House reported that
“as much as 90% of the UK’s critical national infrastructure is not government owned and a large proportion of that is under foreign ownership.”
Most of London’s electricity is provided by Electricite de France. Does anyone seriously doubt what would happen if it was a choice between switching the lights out in London or Paris because of some crisis?
In the last 10 years, Ferrovial of Spain has bought BAA, the operator of Heathrow and Stansted airports, Germany’s RWE has acquired npower, and Australian bank Macquarie has taken control of car parks by buying NCP.
German group Deutsche Bahn recently bought rail and bus operator Arriva, while ports company P&O, which owns assets at Tilbury and Southampton, was also bought by Dubai’s DP World in 2006.
This Government bangs on about the threat to British sovereignty presented by the UK’s membership of the EU, but they seem to be utterly silent on the implications for our sovereignty of having so much of our infrastructure controlled by foreign governments or its future being determined at the whim of foreign investors who are unlikely to have the UK’s national interest at the top of their priorities.
Very few other nations would be so sanguine.