Osborne agrees to China investing in UK nuclear plants

I've had enough, this is going too far.

Only last week did he pretty much sell off Manchester airport (sort of) to the Chinese, now he is selling them our nuclear industry?

Ok, as you all may (or may not) know, I'm not exactly pro-nuclear, but that is not the point.

There is going to be nothing left of this country that is ours, and it has to stop, one way or the other.

The Chancellor, George Osborne, has announced that the UK will allow Chinese companies to take a stake in British nuclear power plants.

The decision could lead to China taking a future majority stake in the development of the next generation of British nuclear power.

Source

The Manchester airport thing for those who haven't seen it:

A Chinese company will be part of a group investing £800m in Manchester Airport to develop its surrounding business.

The news was announced as Chancellor George Osborne started a trip to China to promote UK business and encourage Chinese investors to consider the UK.

Source

Other relevant information:

UK eases rules for Chinese trading

Osborne China visit: Business deal cuts both ways

George Osborne: China's RMB 'will become as familiar as dollar'

Visa rules for Chinese coming to the UK to be relaxed

Bye bye Britain and her own industry, RIP.

Why does it need to stop?

The world is starting to come together and pretty soon the only differences separating countries will be the colors on their flags. Economies are already tied together so that anything that happens anywhere has ripple affects around the world.

Like it or not, the world is shrinking but I don't think you need to be worried about a Chinese invasion into Britain or anything.

Its just business.

reply to post by Spookybelle


Because all the money is going into China, yes they may be investing in British business, but where do you think the profits are going to go?

Do you really think they are going to invest that much money and prioritise British workers? I don't know the answer to that, but I have a feeling no, especially with the relaxation of rules regarding the Chinese entering the UK.

I'm all for a united world, but the way things are at the moment it's not going to happen.

Our economy needs to focus on what is good for our people, once that is on the right track it's all good.

I know its good for the people being employed and the economy etc etc, but there does seem something weird about a Tory party, constantly making digs at "red Ed" and socialism to be working so closely with Communist China, with its multitude of human rights offenses. Now to be Working on our nuclear industry, an area of national security, you would have thought. We are also using the same Chinese company, that filters the Internet back in China.

We only seem to care about human rights offenses in certain countries. Our best friends on the international scene seem to be the least democratic societies on Earth. The UAE States , Saudi Arabia and China. It's all about the money in the Great British sell off.

It's a Pity Gideon and That Blonde headed tit never came back with the Avian Flu....

They've already sold out to the Japanese....

Nuclear regulators have signed an agreement marking the start of plans to build new reactors in north Wales.

The deal clears the way for Horizon Nuclear Power to submit initial proposals for a new power station at Wylfa on Anglesey.

Horizon's owner Hitachi wants to build new Advanced Boiling Water Reactors (ABWRs) in the UK, including at Wylfa.

ABWR plants are in operation at four sites in Japan, but have yet to be approved in Britain.

The agreement between the Office for Nuclear Regulation (ONR) and Horizon will be seen as one of the first concrete milestones on the long road to building a new nuclear plant on Anglesey, and at Oldbury in Gloucestershire.

Continue reading the main story
“
Start Quote

We are very pleased to have made such swift progress over the recent months”

Ken Sato, Hitachi Europe
It signals the start of the technical process known as the generic assessment design (GDA), which makes a detailed examination of all aspects surrounding nuclear reactors. The review of the designs and final licensing could take several years.

www.bbc.co.uk...

Rainbows
Jane

reply to post by woodwardjnr


I totally agree woodwardjnr,

I don't blame the Chinese. I wonder what the French think? They were flavour of the month once and I thought they had been given the green light to build the next generations of nuclear power stations. Why the hell can't we do things for ourselves for once? I thought that we invented the bloody things! Where are our experts?

I think Osborne and Johnson are making us a laughing stock all around the world. We hardly manufacture anything anymore, so why the need for nuclear power? I would be quite happy to have my little wood burner and a back boiler for the hot water. I am past caring about powercuts. I am on a key metre anyway and the environment is #ed, so what difference would it make? To put us in potential danger from a radiation plant is pure madness. Different if things go wrong in China or France at least you have somewhere to run ... we are surrounded by water!!
If in that scenario we all fled to France ... would they let us in??

We are being sold down the river by the tories as usual ... and the lies??? No airport on the Thames estuary?? cam said no and yet that village idiot Johnson never shuts up about it as if he some kind of genius who has just invented a cure for cancer.

I despair they got into power in the first place! When will people learn??


hx

Agreed, it's a horrendous idea. I know the Chinese are the only ones with money at the moment to invest in big construction projects, but instead of this useless HS2 rail scheme the government are going for, they could take that money and completely reinvigorate the British nuclear industry. And in the process secure our energy future, make us less reliant on gas, and thus tackle that little problem of, I don't know, the energy companies hiking their prices by 10% every bleedin' autumn just in time for winter.

reply to post by Spookybelle


Have you ever played "Monopoly" ?

Moves like this will enable one person/corporation to literally OWN THE WORLD.