Chit Chat
There is currently 1 person viewing this thread.
09 Aug 16
13:12
Joined:
Date Joined:
05 Apr 06
Project should be cancelled !
We should not be doing deals with a Facist state !
Failing to go ahead with the Hinkley Point nuclear project could threaten China's relationship with Britain, its ambassador to the UK has warned.
Writing in the Financial Times, Liu Xiaoming said the delay to approving the plant had brought the two countries to a "crucial historical juncture".
He hinted that "mutual trust" could be in jeopardy if the UK Government decided not to approve the deal.
China is expected to fund about a third of the £18bn project.
Last month, the French company EDF, which is financing most of Hinkley Point C in Somerset, decided to go ahead with the project.
But in a surprise move the UK government said it wanted until early autumn to review the scheme.
There have been reports that Prime Minister Theresa May's concerns about Chinese involvement in a UK nuclear power station were the primary reason for postponing the deal.
Former Business Secretary Sir Vince Cable said that when he was in the Cabinet with the then home secretary, Mrs May had been unhappy with what she regarded as the Cameron government's "gung-ho" approach to doing deals with Beijing.
Analysis: Simon Jack, business editor
Today's warning from the Chinese ambassador that the relationship between the two countries is at risk has given her plenty to think about.
Liu Xiaoming made clear that the stakes here are high by linking government approval for Hinkley Point to the future of the relationship which is he said a "crucial historical juncture".
No kidding. In a post Brexit world, Britain needs all the friends it can get and much was made of the importance of forging close trade links with non-EU nations.
There may be legitimate security concerns over having sensitive infrastructure assets under Chinese management but a decision to back out will clearly take the shine off the "golden era" of collaboration between the two countries, proclaimed during Xi Jinping's state visit last year.
Read Simon's blog in full.
Nick Timothy, Mrs May's chief of staff and a longtime adviser, has also previously expressed concerns about the Hinkley deal.
Writing on the Conservativehome website, he said MI5 believed that Chinese intelligence services "continue to work against UK interests at home and abroad".
In his opinion piece for the the FT, China's ambassador outlined what he believed were the benefits of a new nuclear power station in the UK and the strength of his country's expertise in the sector.
In his conclusion, Mr Liu hailed the trading partnership between the UK and China, but added: "If Britain's openness is a condition for bilateral co-operation, then mutual trust is the very foundation on which this is built.
"Right now, the China-UK relationship is at a crucial historical juncture. Mutual trust should be treasured even more. I hope the UK will keep its door open to China and that the British government will continue to support Hinkley Point — and come to a decision as soon as possible so that the project can proceed smoothly."
We should not be doing deals with a Facist state !
Failing to go ahead with the Hinkley Point nuclear project could threaten China's relationship with Britain, its ambassador to the UK has warned.
Writing in the Financial Times, Liu Xiaoming said the delay to approving the plant had brought the two countries to a "crucial historical juncture".
He hinted that "mutual trust" could be in jeopardy if the UK Government decided not to approve the deal.
China is expected to fund about a third of the £18bn project.
Last month, the French company EDF, which is financing most of Hinkley Point C in Somerset, decided to go ahead with the project.
But in a surprise move the UK government said it wanted until early autumn to review the scheme.
There have been reports that Prime Minister Theresa May's concerns about Chinese involvement in a UK nuclear power station were the primary reason for postponing the deal.
Former Business Secretary Sir Vince Cable said that when he was in the Cabinet with the then home secretary, Mrs May had been unhappy with what she regarded as the Cameron government's "gung-ho" approach to doing deals with Beijing.
Analysis: Simon Jack, business editor
Today's warning from the Chinese ambassador that the relationship between the two countries is at risk has given her plenty to think about.
Liu Xiaoming made clear that the stakes here are high by linking government approval for Hinkley Point to the future of the relationship which is he said a "crucial historical juncture".
No kidding. In a post Brexit world, Britain needs all the friends it can get and much was made of the importance of forging close trade links with non-EU nations.
There may be legitimate security concerns over having sensitive infrastructure assets under Chinese management but a decision to back out will clearly take the shine off the "golden era" of collaboration between the two countries, proclaimed during Xi Jinping's state visit last year.
Read Simon's blog in full.
Nick Timothy, Mrs May's chief of staff and a longtime adviser, has also previously expressed concerns about the Hinkley deal.
Writing on the Conservativehome website, he said MI5 believed that Chinese intelligence services "continue to work against UK interests at home and abroad".
In his opinion piece for the the FT, China's ambassador outlined what he believed were the benefits of a new nuclear power station in the UK and the strength of his country's expertise in the sector.
In his conclusion, Mr Liu hailed the trading partnership between the UK and China, but added: "If Britain's openness is a condition for bilateral co-operation, then mutual trust is the very foundation on which this is built.
"Right now, the China-UK relationship is at a crucial historical juncture. Mutual trust should be treasured even more. I hope the UK will keep its door open to China and that the British government will continue to support Hinkley Point — and come to a decision as soon as possible so that the project can proceed smoothly."
sort by:
Show
per page
Replies: 50
|
By:
tt
|
|
By:
I text Prince Philip and he's incandescent, going straight round to sort it.
|
|
By:
texted....surely !
Prince Philip has the whole of the British Army behind him, At 93 I think he will stay away from the front ! |
|
By:
text is correct. no such word as texted.
Also he's 95, not 93. |
|
By:
It's a stand off!
|
|
By:
In common parlance, I would say over 90% of people say "texted" if they are talking about sending a text in the past.
So the OED will change, if it has not already done so. 95...I was guessing. |
|
By:
text
Powered by COBUILD (tekst ) Word forms: texts , texting , texted http://www.collinsdictionary.com/dictionary/english/text |
|
By:
 |
|
By:
Past tense noun. That's a new one.
|
|
By:
To Text....it is also a verb
 |
|
By:
who wouldnt be fuming when you get osbourne to sign off the golden tkt for edf and china and bankrupt uk consumers,wonder how interested they,d be if they payed the going tariffs
|
|
By:
Osbourne has been promised a swimming pool full of nivea !
|
|
By:
This was an important project for China as they trying to sell their nuclear power into the West.
I assume our reluctance is because we feel we cannot afford this project in the wake of Brexit? There have been concerns over the technology, so I think China are very sensitive over this. It could also be a return to the cold war, which I think is the last thing we need myself. This could be a test of Theresa May's ability as PM. I hope it goes ahead, although EDF are talking of withdrawing because of Brexit as well. So it is not looking good. I would have thought we need good trade relation's with China now we are out the EU???????????????????????? Difficult to know what is really behind this. |
|
By:
Better off out of it, crazy idea to saddle the country with expensive electricity for 40 years. We have plenty of shale gas and coal in the ground, burn these instead in a few new coal and gas fired powered stations and bollox to the climate change act. Cheaper energy will get our heavy industries back on the road. The French have never liked us and the Chinese are not to be trusted. Stop this Nuclear deal, stop HS2, both money down the drain. Use the money saved it to build a better Britain.
Thank goodness for Brexit. |
|
By:
This was an important project for China as they trying to sell their nuclear power into the West.
I thought they were just putting up some of the money needed? |
|
By:
Yes they are BB
It is needed, it is the most efficient form of energy production we have. Coal and Oil fired power stations produce Carbon Waste and are probably less efficient in the long run. We would probably end up paying more.  Now we are out the EU we need friends not enemies. |
|
By:
just my own opinion of course
I think we should resume trade with Russia as well, the EU has sanctions against Russia. |
|
By:
If we need HS2, I don't know?
That will have to go ahead, we have to think of the future not just today. Again my own opinion ps and we need a final decision on new Airport runways. |
|
By:
If EDF pull out of Hinkley then that is not our fault, we can blame France.
Although we can let China pay their share. |
|
By:
tbf if my geography is correct Hinkley Point is not far away from the Spratlys as far as China is concerned.
 |
|
By:
The wider deal is that they go on to build two nuclear power stations of their own design in the south east.
May's objection, which the security services share and which she apparently expressed even while Camoron and Gidiot were kow-towing to the Chinese emperor to sign the deal, is that the Chinese will embed technology enabling them to sabotage or cut-off supplies whenever we displease them in the future. The reason that Osborne was desperate to sign such an appalling rip-off of a deal was that by using French and Chinese money he could avoid borrowing the money to fund the construction instead, and that way keep the debt off the government's books. "Look! I've reduced the deficit! See!" The fact that the government can currently borrow as much as it wants for as long as it wants at less than 1% was neither here nor there to Osborne. He'd rather commit today's young people to paying the French and Chinese governments double or treble the going rate for electricity until the end of the century as long as he could claim to have been the Chancellor who cut the deficit, and hence succeed Cameron as Prime Minister. |
|
By:
I'll be keeping a lookout for artificial reefs next time I visit Weston Super Mare, Clouseau.
|
|
By:
My reply has been blocked.
I stand by what I said previously. |
|
By:
We should not be doing deals with a Facist state !
I do not accept that as a description of China! |
|
By:
Also getting somebody else to pay for something is always going to be better than borrowing, even at 1%
Now wonder this country is in a mess. |
|
By:
1000s killed in Tibet
Journalists detained, psychologically and physically tortured Human rights Lawyers - fake charges made against them State Hacking of Western Arms companies Top Communist Party family members with 100s millions in foreign banks . http://www.bbc.co.uk/news/world-asia-china-35957228 In the shadow of Hong Kong's big banks, rows of currency exchange shops specialise in quick, anonymous transactions. But behind the scenes, much larger deals are helping to move money at an unprecedented rate. Wealth is flowing from the mainland, through currency dealers in Hong Kong and beyond. The leaked Mossack Fonseca documents have revealed to us how the families of China's leaders keep money offshore. And now, a full analysis of the files by the International Consortium of Investigative Journalists shows that nearly one third of the firm's business came from its offices in Hong Kong and China - making China the firm's biggest market and Hong Kong the company's busiest office. Destabilising the economy? Mossack Fonseca's booming China business is evidence of an even bigger trend: the reliance of China's wealthiest people on offshore investments. Around $1tn (£700bn) left China last year, draining the country's foreign reserves. It is a shift that could destabilise the entire Chinese economy. And the relatives of China's leaders are among those who have stashed their wealth abroad. At least seven current and former leaders were found to have links to offshore companies set up by the Panamanian law firm, including the Chinese President, Xi Jinping, and two other top leaders. |
|
By:
Osbourne should be arrested !
|
|
By:
Well they are far from perfect.
Our companies and others including multi nationals, all use China for cheap labour, so let us not get too hypocritical. If the communist has not held onto power, China would have disintegrated into warring states. The wealth the Chinese currently enjoy would not have happened. To be fair, I make an exception for Tibet, I wish they would let Tibet go. But they the communist party probably think it would encourage further destabilisation. Apart from the vote Chinese citizens live life much as we do. Is one vote worth that much? Just my opinion, I see you disagree Leopard. |
|
By:
I think some of our rich, if not most, also invest off shore from this country.
|
|
By:
They are Communist Party members....they are not capitalist...there is no way they can make that money legally in China.
|
|
By:
In Tibet they tortured and murdered 1000s
They should never be forgiven for that. |
|
By:
The Leopard • August 9, 2016 9:47 PM BST
They are Communist Party members....they are not capitalist...there is no way they can make that money legally in China. Are you sure Leopard? They now have a capitalist economy, people are allowed to make money for themselves in China. The only difference from us...is they are one party. |
|
By:
The Elites are giving their family members big juicy contracts illegally....total power breeds total corruption.
|
|
By:
You could be right there Leopard
 |
|
By:
That's why democracy is very important.
|
|
By:
What's the better deal, ebulGery?
1) Paying 1% interest per year to borrow the money to build Hinckley Point, and then paying the market price for the electricity produced; or 2) Allowing the French and Chinese governments to pay for Hinckley Point, while signing a deal to pay them - the French and Chinese governments - two to three times the market price for the electricity produced for the entire life of the power station? If you think the answer is (2), then you're the kind of consumer who thinks it's perfectly sensible that advertisements for cars these days describe them as costing £x/month. |
|
By:
2) Allowing the French and Chinese governments to pay for Hinckley Point, while signing a deal to pay them - the French and Chinese governments - two to three times the market price for the electricity produced for the entire life of the power station?
I was not aware of that....the two or three times the market price.....both options have to be costed. Osborne thought allowing the French and Chinese to pay was the better deal. I have to time to investigate that now |
|
By:
no time
|
|
By:
The best deal would be whatever is cheapest
|