Ministers Raise Fears on BAE Deal
The UK Government has raised concerns about the national security over plans for a merger of about 30 billion pounds between the giant companies of defence as well as aviation, BAE and EADS as well as has also signalled that if they are not resolved it is going to block the deal.
The Government of the country have raised a series of concerned about the national security over plans for a merger of about 30 billion pounds between the giant companies of defence as well as aviation, BAE and EADS as well as have also signalled that if they are not resolved it is going to block the deal.
The senior sources of the Whitehall, while giving their first detailed explanation of the position of the Coalition government on the controversial deal between the BAE of Britain as well as the Franco-German EADS, had to say that the BAE has been given a list of "red line" issues keeping their focus on the contracts of defence in the United Kingdom. The real fact that such a list can actually exists will be increasing the concerns that the deal can hit very insurmountable political hurdles as well as cannot get completed.
More amount of political pressure was heaped on the deal at the time of this weekend when the former defence minister of the country, Gerald Howarth, had raised important concerns about the merger as well as possible threats to the jobs, intellectual property rights to the sensitive defence technology and also competition in the defence industry of the country.
A spokesman for the House of Commons defence select committee has also made a revelation that the group of Member of Parliament, which was led by the James Arbuthnot of the Conservative party is also considering to launching a Parliamentary inquiry into the matter. Get financial help from [http://www.paydaytextcouk.co.uk]
Along with this the Government has also made it clear that it is going to insist that its red-line issues are dealt with properly before lifting the threat of using its "golden share" in order to halt the merger. It is quite likely that the governments of France as well as Germany, where both hold a stake of 22.5 per cent in EADS, will be making a similar kind of representation.
In Britain also, there are concerns that 10,000 jobs that is connected to the EADS Airbus operations in Bristol and also in north Wales could be put at risk by the merger as the new headquarters of the giants of defence is very likely to be in France as well the new chief executive is also set to be Tom Enders of EADS.
As per a source, the Government is also wanting reassurance on the maintenance of the UK
Defence capabilities of BAE and also research skills in the UK.
The Government of the country have raised a series of concerned about the national security over plans for a merger of about 30 billion pounds between the giant companies of defence as well as aviation, BAE and EADS as well as have also signalled that if they are not resolved it is going to block the deal.
The senior sources of the Whitehall, while giving their first detailed explanation of the position of the Coalition government on the controversial deal between the BAE of Britain as well as the Franco-German EADS, had to say that the BAE has been given a list of "red line" issues keeping their focus on the contracts of defence in the United Kingdom. The real fact that such a list can actually exists will be increasing the concerns that the deal can hit very insurmountable political hurdles as well as cannot get completed.
More amount of political pressure was heaped on the deal at the time of this weekend when the former defence minister of the country, Gerald Howarth, had raised important concerns about the merger as well as possible threats to the jobs, intellectual property rights to the sensitive defence technology and also competition in the defence industry of the country.
A spokesman for the House of Commons defence select committee has also made a revelation that the group of Member of Parliament, which was led by the James Arbuthnot of the Conservative party is also considering to launching a Parliamentary inquiry into the matter. Get financial help from [http://www.paydaytextcouk.co.uk]
Along with this the Government has also made it clear that it is going to insist that its red-line issues are dealt with properly before lifting the threat of using its "golden share" in order to halt the merger. It is quite likely that the governments of France as well as Germany, where both hold a stake of 22.5 per cent in EADS, will be making a similar kind of representation.
In Britain also, there are concerns that 10,000 jobs that is connected to the EADS Airbus operations in Bristol and also in north Wales could be put at risk by the merger as the new headquarters of the giants of defence is very likely to be in France as well the new chief executive is also set to be Tom Enders of EADS.
As per a source, the Government is also wanting reassurance on the maintenance of the UK
Defence capabilities of BAE and also research skills in the UK.
Source...