Chuka Umunna MP, Labour's Shadow Business Secretary, responding to Pfizer’s confirmation that it has approached AstraZeneca with a view to making a takeover offer, said:   “Labour is clear that any potential takeover of AstraZeneca by Pfizer should be judged on three tests: whether it promotes jobs and growth in the UK pharmaceuticals industry; whether it protects Britain’s knowledge, research and skills base; and whether it comes with guarantees of long-term investment in the UK. We want to see Britain’s research and development capabilities strengthened. This is crucial for expanding the high-skilled jobs we need to earn our way to higher living standards.   “We also want to see a long-term view taken into account when takeovers happen rather than an exclusive focus on the immediate returns for investors and increased transparency over advisors’ fees which are likely to be substantial in a deal of this size.”