City & Business: The Navy lark
Sunday 30 October 1994
For years British Aerospace and GEC have indefatigably wooed MPs and ex-Cabinet ministers. A seat on the board here, a consultancy there, a fact-finding trip everywhere. It's ironic that just as they want to call in some of those favours, the eyes of the country are riveted on each and every freebie.
Meanwhile the MoD is muddying the waters. On the one hand it has ruled out using its 'golden share' to block GEC's bid to take over VSEL. But it has then confused the issue by hinting that the deal could still be stymied on competition grounds. Yet the only trigger for a monopolies reference would be a complaint from VSEL's sole customer - which is, of course, the MoD.
This looks like politically expedient fudge. Everyone - the staff of VSEL, the shareholders of VSEL, GEC and BAe, and the Navy - deserves an unambiguous statement on what warship procurement policy now is. Over to you, Mr Rifkind.
- 1 Asteroid narrowly scrapes past Earth: how to watch the closest space rock for decades as it flies by
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 The enemy within: People who hear voices in their heads are being encouraged to talk back
- 4 British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
- 5 Watch Richard Dawkins read his own hatemail: 'I hope you do get sodomised by satanic monkeys in hell'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
Leaked documents show Ukip leaders approve NHS privatisation once it becomes more 'acceptable to the electorate'
iJobs Money & Business
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...