Farage Warns Chinese Interests Lining up for ‘Fire Sale’ of UK Businesses

Farage Warns Chinese Interests Lining up for ‘Fire Sale’ of UK Businesses, by Victoria Friedman.

“What is happening right now is that Chinese companies and Chinese money are lining up for what they expect to be a ‘fire sale’ of British businesses,” Mr Farage said during a Facebook live stream on Wednesday.

Mentioning that Germany has put into law protections for German companies against foreign takeover during the coronavirus crisis, he continued: “I fear, we’re going to allow China in to buy up vast swathes of our strategic and manufacturing industries and it just can’t be allowed.

“The problem is is the same mob that sold us out to Brussels are now happy to sell out our sovereignty once again to China and this needs a much bigger, higher, level of debate.”

Last month, Chinese firm Jingye Group bought out British Steel. Former Prime Minister David Cameron and former Chancellor of the Exchequer George Osborne allowed Chinese state-run companies to invest in British nuclear power plants.

Mr Farage said: “For some reason, many of our civil servants, politicians, and Big Business figures seem to be in love with the despicable, barbarous regime who don’t just murder thousands of their own people every year, but put hundreds of thousands in camps… where they’re being re-educated away from their faith to support the Chinese Communist Party.

“It’s not a nice regime. We know they steal intellectual property and we know they have designs to effectively become the global superpower, to take over the world in their own way.”

hat-tip Stephen Neil