Uk Allows Chinese To Buy Stakes In New N-plants

UK tabloid journalist charged over MP’s ‘stolen’ phone

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The decision would pave the way for Chinese companies to take a stake in or own 100 per cent of new British nuclear power stations. The finance minister made the announcement at the Taishan nuclear power plant on the final day of his trade visit to China, which was aimed at strengthening the UKs business ties with the country. Chinese investment would likely begin with a minority stake in a power project, but majority ownership of subsequent new power stations was a possibility, the government said. Mr Osborne said it would pave the way for lower energy costs for British consumers. Today is another demonstration of the next big step in the relationship between Britain and China — the worlds oldest civil nuclear power and the worlds fastest growing civil nuclear power, he said on Thursday. It means the potential of more investment and jobs in Britain, and lower long-term energy costs for consumers. The move followed an agreement reached earlier in the week which would see civil nuclear collaboration between the UK and China on investment, technology, construction and expertise. The government said that as well as supporting Chinese investment in the UK, the agreement would make sure that British companies including Rolls-Royce, International Nuclear Services, and engineering companies such as Mott MacDonald would be part of Chinas multi-billion-pound new nuclear programme. The Energy Minister, Ed Davey, said over the weekend that Britain was extremely close to agreeing a deal with Frances EDF Energy to build a new nuclear plant at Hinkley Point in Somerset, south-west England, with a Chinese company also expected to take part in the project. During his trip to China, Mr Osborne also unveiled a new visa system to make it easier for Chinese business leaders and tourists to visit the UK. He also made a surprise decision to allow Chinese banks to set up more easily in the UK, which raised eyebrows among the cross-party Treasury select committee of MPs. Led by its chairman, Andrew Tyrie, the committee is seeking assurances that the finance minister consult the Citys regulatory bodies over the proposal to relax rules, and that they are satisfied with the plans. By arrangement with The Guardian

View gallery A copy of British Top-selling tabloid The Sun made’s front page made in central London on December 10, 2011. (AFP Photo/Carl Court) London (AFP) – The chief foreign correspondent of Rupert Murdoch’s British tabloid The Sun is to face charges linked to the alleged theft of a lawmaker’s mobile phone, prosecutors announced Friday. Nick Parker, 52, is to be charged with one count of receiving stolen goods and another of unauthorised access to computer material, the Crown Prosecution Service said. Another man, 29-year-old Michael Ankers, is to be charged with theft. The first charge against Parker alleges that between October 17 and 21 in 2010, he “dishonestly received stolen goods, namely a mobile phone belonging to Siobhain McDonagh”, an opposition Labour Party MP. The second alleges that between the same dates, he “caused a computer to perform a function with intent to secure unauthorised access to a program or data held in a computer, knowing that such access was unauthorised”. The charge against Ankers alleges that on or around October 17, 2010, he stole a mobile telephone belonging to McDonagh. The two men are to appear at Westminster Magistrates Court in London on November 6. The charges are the latest in a series involving journalists at Murdoch’s British papers since the phone-hacking scandal shut down the News of the World, the Sun’s weekly sister paper, in July 2011. Crime & Justice