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Hanson Plc Possible Takeover Of Ici

EDM number 882 in 1990-91, proposed by Doug Hoyle on 22/05/1991.

That this House views with great concern the possibility that Hanson plc will soon be making a takeover bid for ICI; notes ICI is Britain's largest manufacturing company and a major export earner; believes a Hanson plc takeover would result in ICI being broken-up and sold off in parts to the highest bidder, which would be a devastating blow to Britain's chemical industry which does not need another forced rationalisation; notes ICI is one of Britain's few industrial success stories with about 70 per cent. of ICI's research being carried out in Britain with about half its manufacturing capacity based here, at over 50 production sites and with a further 200,000 jobs depending on its business in Britain; notes the chemical industry is a net contributor to Britain's balance of trade and that if ICI is sold off it may fall into the hands of an overseas company resulting in productive capacity and research and development moving abroad, and markets won by ICI being taken over; believes Hanson plc's record on long-term investment should give this House cause for concern as it has a very poor record on research and development expenditure in an industry where this type of expenditure is essential; calls on the Government to indicate that it would oppose a Hanson plc takeover of ICI, and refer the bid to the Monopolies and Mergers Commission as being against the public and national interest; and further calls for legislation to be introduced to tighten up regulations governing takeovers and prevent companies that invest in Britain from being taken over by unwelcome predators.

This motion has been signed by a total of 94 MPs.

Doug Hoyle22/05/1991Warrington NorthProposed
Giles Radice22/05/1991North DurhamSigned
Robert Wareing22/05/1991Liverpool, West DerbySigned
Irene Adams22/05/1991Paisley NorthSigned
Mildred Gordon22/05/1991Bow and PoplarSigned
Norman Godman22/05/1991Greenock and Port GlasgowSigned
Bruce George22/05/1991Walsall SouthSigned
Bob Cryer22/05/1991Bradford SouthSigned
Jim Cousins22/05/1991Newcastle upon Tyne CentralSigned
Jeremy Corbyn22/05/1991Islington NorthSigned
Bill O'Brien22/05/1991NormantonSigned
Gordon Oakes22/05/1991HaltonSigned
Chris Mullin22/05/1991Sunderland SouthSigned
Elliot Morley22/05/1991Glanford and ScunthorpeSigned
Clare Short22/05/1991Birmingham, LadywoodSigned
John Marek22/05/1991WrexhamSigned
Stuart Randall22/05/1991Kingston upon Hull WestSigned
Ernie Ross22/05/1991Dundee WestSigned
Nigel Spearing22/05/1991Newham SouthSigned
Kim Howells22/05/1991PontypriddSigned
Robert Hughes22/05/1991Aberdeen NorthSigned
Roy Hughes22/05/1991Newport EastSigned
David Lambie22/05/1991Cunninghame SouthSigned
Terry Lewis22/05/1991WorsleySigned
Eddie Loyden22/05/1991Liverpool, GarstonSigned
Alice Mahon22/05/1991HalifaxSigned
Bill Michie23/05/1991Sheffield, HeeleySigned
Harry Barnes23/05/1991North East DerbyshireSigned
John Battle23/05/1991Leeds WestSigned
William McKelvey03/06/1991Kilmarnock & LoudounSigned
Brian Wilson03/06/1991Cunninghame NorthSigned
Den Dover03/06/1991ChorleySigned
Joan Lestor03/06/1991EcclesSigned
Dennis Skinner03/06/1991BolsoverSigned
John McAllion03/06/1991Dundee EastSigned
Terry Davis04/06/1991Birmingham, Hodge HillSigned
Alan Williams04/06/1991Swansea WestSigned
Gerry Steinberg04/06/1991Durham, City ofSigned
Harry Ewing04/06/1991Falkirk EastSigned
John Evans04/06/1991St Helens NorthSigned
Jimmy Dunnachie04/06/1991Glasgow, PollokSigned
Ron Davies04/06/1991CaerphillySigned
Ronnie Campbell04/06/1991Blyth ValleySigned
Keith Bradley04/06/1991Manchester, WithingtonSigned
Eric Illsley04/06/1991Barnsley CentralSigned
Chris Smith04/06/1991Islington South & FinsburySigned
Terry Rooney04/06/1991Bradford NorthSigned
Dawn Primarolo05/06/1991Bristol SouthSigned
James Wray05/06/1991Glasgow ProvanSigned
Dennis Turner05/06/1991Wolverhampton South EastSigned
Win Griffiths05/06/1991BridgendSigned
Huw Edwards05/06/1991MonmouthSigned
Paul Murphy05/06/1991TorfaenSigned
Alan Meale05/06/1991MansfieldSigned
Derek Fatchett05/06/1991Leeds CentralSigned
Adam Ingram06/06/1991East KilbrideSigned
Richard Livsey06/06/1991Brecon and RadnorSigned
John Cummings06/06/1991EasingtonSigned
Maria Fyfe06/06/1991Glasgow, MaryhillSigned
John Smith13/06/1991Vale of GlamorganSigned
Hilary Armstrong13/06/1991North West DurhamSigned
Austin Mitchell18/06/1991Great GrimsbySigned
Kenneth Eastham18/06/1991Manchester, BlackleySigned
Frank Cook18/06/1991Stockton NorthSigned
Michael Foot18/06/1991Blaenau GwentSigned
George Foulkes18/06/1991Carrick, Cumnock and Doon ValleySigned
George Galloway18/06/1991Glasgow HillheadSigned
Graham Allen18/06/1991Nottingham NorthSigned
Peter Hain18/06/1991NeathSigned
Joe Ashton18/06/1991BassetlawSigned
Kevin Barron18/06/1991Rother ValleySigned
Joan Walley18/06/1991Stoke-on-Trent NorthSigned
David Winnick18/06/1991Walsall NorthSigned
Audrey Wise18/06/1991PrestonSigned
David Young18/06/1991Bolton South EastSigned
Nick Brown18/06/1991Newcastle upon Tyne EastSigned
Peter Pike18/06/1991BurnleySigned
John Reid18/06/1991Motherwell NorthSigned
Jeff Rooker18/06/1991Birmingham, Perry BarrSigned
Barry Sheerman18/06/1991HuddersfieldSigned
Norman Hogg18/06/1991Cumbernauld & KilsythSigned
Greville Janner18/06/1991Leicester WestSigned
Robert Litherland18/06/1991Manchester CentralSigned
Ken Livingstone18/06/1991Brent EastSigned
Geoffrey Lofthouse18/06/1991Pontefract & CastlefordSigned
David Marshall18/06/1991Glasgow, ShettlestonSigned
Thomas McAvoy18/06/1991Glasgow, RutherglenSigned
Tom Clarke18/06/1991Monklands WestSigned
Allan Rogers19/06/1991RhonddaSigned
Tom Pendry20/06/1991Stalybridge & HydeSigned
Alex Carlile20/06/1991MontgomerySigned
Diane Abbott20/06/1991Hackney North & Stoke NewingtonSigned
Tony Benn24/06/1991ChesterfieldSigned
Keith Vaz26/06/1991Leicester EastSigned

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