Saturday 15 March 2008

"MPs call for BAA to be broken up"

Excellent, excellent.

Firstly because it's exactly what I recommended last week, and secondly it illustrates who's got whom over a barrel when domestic companies and assets are foreign-owned. If BAA were still owned by a UK-domiciled group, it would be able to exercise far more - in this case malign - influence over MPs to resist such a move.

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