Wednesday, 30 April 2014

Cambridge MP calls on Government to act over AstraZeneca takeover bid

MP Julian Huppert has expressed his concerns over the risk to AstraZeneca’s planned move to Cambridge and the future of UK jobs as American pharmaceutical giant, Pfizer makes a bid to take over the company.

He has called on the government to act to safeguard UK jobs and make sure the development of AstraZeneca’s new HQ in the city goes ahead as planned, together with the associated infrastructure improvements.

Julian also fears that exports could be at risk as AstraZeneca accounts for more than two per cent of the UK goods traded overseas.

He has tabled a Commons’ Early Day Motion in a bid to safeguard the jobs of nearly 7,000 people employed by the company and make sure the UK continues as a world leader in science and pharmaceuticals research and development.

Julian said: “I have been talking to AstraZeneca and the government about this takeover bid. There is a great deal at stake here.

“This would be the largest takeover of a British firm. I want to make sure AstraZeneca retains its position in the UK and its planned move to Cambridge goes ahead. It is extremely important for those people employed by the company and our economy generally both in the city and nationally.”