nuclear-news

According to the i, Chinese companies have “splurged” £3.8bn on mergers and acquisitions this year as China’s investment in UK business and infrastructure swells.

The analysis prepared for the i “shows how the Government’s cosy relationship with Beijing is reaping huge benefits,” the paper claims.

But it may not be cosy for much longer, warns the Times, which says a deal on Chinese investment in UK nuclear power may be unravelling just as Theresa May heads for a G20 summit in China next week.

Hinkley Point power station with Chinese finance may get approval after all, but the go-ahead for a Chinese-built station at Bradwell in Essex could be put off, says the paper.  “However, Beijing is resisting any attempt to unpick a deal that gives it a chance to gain a foothold for its nuclear industry in Europe,” the Times adds.

In the i Professor of International Development Jeffrey Henderson says Chinese involvement in British industry should be scrutinised, and firms controlled by the Communist Party “need to be kept out of politically strategic industries such as electricity generation.”

But the Financial Times reports that unions are demanding that Hinkley Point get the go-ahead, with one, Justin Bowden of the GMB, quoted as saying “The faffing must stop now”……….http://www.bbc.com/news/blogs-the-papers-37211021