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Vince Cable: UK to remove takeover 'wiggle room'

13 July 2014 Last updated at 16:40 BST

Business Secretary Vince Cable has said he will tighten the rules to deal with foreign takeovers of UK firms.

He wants any new regime overseeing takeovers to also include possible fines for firms which renege on promises made during the deal.

He told the BBC that any commitments must have no "wiggle room".

Rob Young reports.

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