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Ed Miliband: 'Serious concerns' over proposed Pfizer deal

Following a brief 30 minute with Pfizer chief executive Ian Read after today's hearing Mr Miliband said: "There are serious concerns about this proposed takeover. There are too many unanswered questions about British science and British industry".

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Vince Cable: 'Tricky' to block Pfizer bid for AstraZeneca

Business Secretary Vince Cable has admitted European law means it would be "quite tricky" for the Government to block Pfizer's bid for AstraZeneca.

There have been suggestions ministers could scupper the takeover on the grounds that it is not in the UK's public interest to allow Pfizer to take control of the British-Swedish firm.

Vince Cable answering questions from MPs about the Pfizer bid for AstraZeneca. Credit: PA Wire

He told MPs on the Business Select Committee: "The framework which we have under the act, as you know, confines the public interest test quite narrowly and, of course, all of that takes place within the framework of European merger law."

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