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09 Aug 16
13:12
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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."
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I text Prince Philip and he's incandescent, going straight round to sort it.
texted....surely !
Prince Philip has the whole of the British Army behind him,
At 93 I think he will stay away from the front !
Prince Philip has the whole of the British Army behind him,
At 93 I think he will stay away from the front !
text is correct. no such word as texted.
Also he's 95, not 93.
Also he's 95, not 93.
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.
So the OED will change, if it has not already done so.
95...I was guessing.
text
Powered by COBUILD
(tekst )
Word forms: texts , texting , texted
http://www.collinsdictionary.com/dictionary/english/text
Powered by COBUILD
(tekst )
Word forms: texts , texting , texted
http://www.collinsdictionary.com/dictionary/english/text
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
Osbourne has been promised a swimming pool full of nivea !
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.
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.
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.
Thank goodness for Brexit.
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?
I thought they were just putting up some of the money needed?
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.
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.
just my own opinion of course
I think we should resume trade with Russia as well, the EU has sanctions against Russia.
I think we should resume trade with Russia as well, the EU has sanctions against Russia.
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.
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.
If EDF pull out of Hinkley then that is not our fault, we can blame France.
Although we can let China pay their share.
Although we can let China pay their share.
tbf if my geography is correct Hinkley Point is not far away from the Spratlys as far as China is concerned. 
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.
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.
I'll be keeping a lookout for artificial reefs next time I visit Weston Super Mare, Clouseau.
My reply has been blocked.
I stand by what I said previously.
I stand by what I said previously.
We should not be doing deals with a Facist state !
I do not accept that as a description of China!
I do not accept that as a description of China!
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.
Now wonder this country is in a mess.
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.
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.
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.
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.
I think some of our rich, if not most, also invest off shore from this country.
They are Communist Party members....they are not capitalist...there is no way they can make that money legally in China.
In Tibet they tortured and murdered 1000s
They should never be forgiven for that.
They should never be forgiven for that.
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.
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.
The Elites are giving their family members big juicy contracts illegally....total power breeds total corruption.
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.
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.
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
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
We must not forget the communist party introduced birth control in China.
This has enabled China to escape the poverty trap it's own population size was condemning it to.
No other party would have had the power to do this.
I think overall the modern Chinese should be grateful to communism( I am excluding Mao's time in charge).
They now have to deal with the problem of an aging population, but it still better than where they were.
in my opinion only.
This has enabled China to escape the poverty trap it's own population size was condemning it to.
No other party would have had the power to do this.
I think overall the modern Chinese should be grateful to communism( I am excluding Mao's time in charge).
They now have to deal with the problem of an aging population, but it still better than where they were.
in my opinion only.
China need to be watched they are slowly taking over the world.
They own Aston Villa, Wolves, Birmingham City and West Brom football clubs. The West Midlands is going to be the epicentre of the proxy invasion.
They also own Inter and AC Milan which would be another point of entry.
Not to mention all those Islands they've taken over in the East China Sea.
Lets not give em the the UK's power switch eh?
They own Aston Villa, Wolves, Birmingham City and West Brom football clubs. The West Midlands is going to be the epicentre of the proxy invasion.
They also own Inter and AC Milan which would be another point of entry.
Not to mention all those Islands they've taken over in the East China Sea.
Lets not give em the the UK's power switch eh?
The 1 child policy has resulted in 200 Million Girls Killed in China :
http://www.lifenews.com/2012/11/02/200-million-girls-killed-in-china-where-are-the-feminists/
http://www.lifenews.com/2012/11/02/200-million-girls-killed-in-china-where-are-the-feminists/
All property owned in UK by the Chinese should be investigated as to where the $$ came from.
If illegal then it should be confiscated.
If illegal then it should be confiscated.
Leopard, the 200 million baby girls killed is a world wide figure, for all countries where parents prefer boys to girls.
It is only an estimate as well.
You cannot put that on the communist party, this attitude predates communism.
I think China has done well.
I also think we need a country strong enough to stand up to the USA, who have abused their power since the Soviet Union fell.
and given us the Credit Crunch!
I believe it is the USA's totally unwarranted interference in the Middle East which has kicked off the trouble we now have with the Muslims
as well as being not far short of an atrocity itself, looking at the appalling death toll.
It is only an estimate as well.
You cannot put that on the communist party, this attitude predates communism.
I think China has done well.
I also think we need a country strong enough to stand up to the USA, who have abused their power since the Soviet Union fell.
and given us the Credit Crunch!
I believe it is the USA's totally unwarranted interference in the Middle East which has kicked off the trouble we now have with the Muslims
as well as being not far short of an atrocity itself, looking at the appalling death toll.
I oppose the killing of baby girls.
Neither do I understand the point????. I would rather live in a society where there are 10 baby girls to every one baby boy.
Then us men get a wider choice of partners, and more sex
Neither do I understand the point????. I would rather live in a society where there are 10 baby girls to every one baby boy.
Then us men get a wider choice of partners, and more sex
The price guaranteed to the French and Chinese governments is £92.50/megawatt hour for Hinkley and £89/megawatt hour for Sizewell (the one in Essex to be designed and built by the Chinese). That price is guaranteed for the entire life of each plant. There are further guarantees for the price to rise should it ever need to in order to protect profit margins.
The current price of electricity is £48/megawatt hour, and in a world awash with cheap gas, coal and oil is falling.
The current price of electricity is £48/megawatt hour, and in a world awash with cheap gas, coal and oil is falling.
I take your point screaming......you are saying there is no obvious economic advantage here
But we do have to think of climate change....we have to trap the carbon and then we have to bury it, although it does not
harm us like nuclear waste.
But we do have to think of climate change....we have to trap the carbon and then we have to bury it, although it does not
harm us like nuclear waste.
Again, EbulGery, you are spinning the line that America is at fault for our problems with Islam. I have already explained to you at least five times that this is totally incorrect.
And now you are lauding the Chinese Communist Party. Is there no end to your idiocy?
And now you are lauding the Chinese Communist Party. Is there no end to your idiocy?
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