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China’s ambition to build Bradwell nuclear plant in Essex will likely fail on  national security grounds.

Guardian 11th Nov 2020 , China’s ambition to build a nuclear plant in Essex will likely fail on  national security grounds. The new national security and investment bill, aiming to give the government sweeping powers to block foreign takeovers and investments, will inevitably be viewed through the lens of China and new nuclear power plants in UK.
That is, indeed, one way to look at it. Even before the Huawei 5G saga and Beijing’s introduction of draconian security laws in Hong Kong, the mood had cooled on Chinese ownership of critical UK infrastructure. David Cameron’s government in 2014 promised
“progressive entry” into UK nuclear to China General Nuclear, the state-backed firm that owns a 33% stake in Hinkley Point C in Somerset and has ambitions to build its own plant in Bradwell in Essex. That entry ticket will surely have to be cancelled.

https://www.theguardian.com/business/nils-pratley-on-finance/2020/nov/11/uk-security-bill-signals-open-door-era-for-foreign-takeovers-is-over

November 12, 2020 - Posted by | politics, politics international, UK

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