Former City minister Lord Myners has criticised the Prime Minister for "cheerleading" Pfizer's potential takeover of AstraZeneca.
In an interview with Business Editor Joel Hills on his plans to overhaul the structure of the Co-operative Group, Lord Myners said:
"Pfizer has a reputation and a record for acquiring companies, slashing costs and reducing investment in research and development. (...)
"I think Mr Cameron was very ill-advised to get drawn in to becoming a cheerleader for this bid, what he should have done was refer it to the competition authority".