UK deals with China could pave the way for Bradwell nuclear plant takeover
CHANCELLOR George Osborne has welcomed a number of agreements with China which could pave the way for a Chinese nuclear project in Bradwell.
Mr Osborne has given approval of a £2 billion guarantee to underwrite Chinese financing of the Hinkley Point nuclear power station.
It is thought this will help further deals which could see majority Chinese ownership of a subsequent nuclear project in Bradwell.
Mr Osborne was speaking at the end of the annual UK-China Economic and Financial Dialogue in Beijing, which resulted in 53 agreements ranging from a £24 million joint space programme to Chinese support for the Chancellor's Northern Powerhouse scheme to boost the north of England.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here