Editor's blog: Mandelson's Cadbury sabre-rattling

It's a bit late for the Government to start getting protective about our industrial crown jewels.

Last Updated: 06 Nov 2012

So Peter Mandelson has waded into the Cadbury battle by warning of 'huge opposition' from HM Government if hungry Americans come over here in search of a 'fast buck'. I’m not quite sure what he means here; there wouldn’t be much that was fast about Kraft paying off the kind of debt it will need to take on to fund such a purchase. Kraft’s bid is about many things – a huge, dull conglomerate in desperate search of growth before someone else nabs the tasty morsel that is Cadbury – but a fast buck surely is not one of them. Lord M’s intervention is unprecedented in modern times. But these are very odd times. Anyone would think there’s going to be an election within the next six months... [CLICK HERE TO READ MORE AND COMMENT]

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