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Vince Cable: No 'wiggle room' for big business takeovers

13 July 2014 Last updated at 11:39 BST

Business Secretary, Vince Cable has said that there is an agreement across government to bring in new laws governing mergers and takeovers.

Mr Cable told the Andrew Marr Show that new legislation will create financial penalties to ensure that there is no "wiggle room" for companies to evade legal responsibilities.

It follows US drugs giant Pfizer's attempt to take over the UK pharmaceutical firm AstraZeneca.

You can watch the Andrew Marr Show in full on the BBC iPlayer.

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