Apr 18, 2018

De La Rue drops appeal against UK passport decision

De La Rue, the British banknote printer, has abandoned plans to appeal against the UK government's decision to award its passport contract to a French company. De La Rue had also been accused of hypocrisy, given that nearly 80 per cent of its sales come from outside the UK, where 65 per cent of its staff are based. On April 2, De La Rue said it was taking "The first steps towards initiating appeal proceedings", although people close to the company declined to identify any legal basis for an appeal. A fortnight later, on Wednesday, De La Rue said in a statement that, "Having considered all options", it would not appeal against the decision by Her Majesty's Passport Office. Martin Sutherland, De La Rue's chief executive, told the BBC that the company had now "Done its homework", and decided an appeal was unlikely to succeed.

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