RedBird IMI

Last week, a rebellion in the Lords drew a government pledge to ban foreign governments and their proxies from owning British newspapers and magazines. It was a historic moment for the defence of press freedom in the era of acquisitive, well-connected autocracies. It will have global significance. But the devil was always going to lie in the detail, and that will come in the third reading of the Digital Markets Bill due Tuesday. The risk is that ministers may row back and allow the Emiratis to become part-owners of this magazine and the Telegraph by keeping a low stake of 5 per cent or even 1 per cent. This would still grant them