A FRUIT AND NUT CASE.

We have, in the past, written about British companies being sold off to foreign concerns. Market forces, we are sure, should not become the subject of Government consideration, they would undoubtedly get it wrong. However, surely the time has arrived when a ruling should be made regarding payment?

Let us go back to the time when we wrote about the sale of BAA. The Spanish company Ferrovial, at the time of purchase were getting concessions from their Government for such a deal. Let us remind ourselves that Spain is on the 'take' and that we, taxpayer GB, contributors to the EU, subsidised the Spanish takeover with some of our own money. Add to this the fact that they probably borrowed 80/90% for the transaction. A similar situation was evident when Boots the Chemist sold out, which involved a similar amount of borrowing. Enter the American food giant Kraft. It would appear that they are having to raise around 60% of the cost in order to purchase Cadburys; some of it from one of our bailed out banks, RBS. Why isn't a limit set on how much borrowing is allowed, let's say 10%, or certainly no more than 20%?

Jobs will ultimately leave our shores for cheaper production sources in Eastern Europe.



WARREN BUFFETT IS UNHAPPY.