'Cadbury's law' Included in Labour Election Manifesto
'Cadbury's law' Included in Labour Election Manifesto

A fourth term Labour Government is revealed to include "Cadbury law" in its manifesto to protect British industry from being taken over by foreign companies, prompted by fall-out from the chocolate maker's acquisition by US food conglomerate Kraft.

Unions are witnessed to extend warnings to the Government that the sales could result in the headquarters of the UK's firms relocating abroad.

At the moment, a large proportion of shareholders have to approve for an acquisition, however, the move would see mean that the support of 75% of shareholders would be needed.

Unite's senior officials have long cited that Cadbury was entangled in the lax takeover rules, with the concerns of the workers falling by the wayside.

The cross-party committee of MPs revealed that Kraft showed lacking wisdom in its promise to save the Somerdale factory near Bristol prior to going on to disclose that it would close.

Moreover, Labour has remained silent to confirm or deny the manifesto leak. However, Paul Mason reports that time has surpassed for many British firms.

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