Ed Miliband wants the Government to step in and at least investigate if not block the proposed purchase of AstraZeneca (AZN) by Pfizer. He is wrong and showing a touch of UKIP style nastiness to boot.
The leader of the Labour Party reckons that takeovers of big UK firms by foreigners should be checked out to see if they are in the National Interest. He hints that Pfizer have a poor record of cutting jobs post takeovers. To paraphrase: They are foreign and nasty foreigners to boot. If Pfizer buys AstraZeneca jobs of British workers are at risk. It sounds almost like something you might hear from UKIP. It is unpleasant and it is also just plain wrong.
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