Markus Andrews

As government officials and British Steel staff race to save its blast furnaces after what ministers believe was a plot to sabotage the Scunthorpe plant by its Chinese owners, there are more eyes than ever on Chinese investments in the UK. MPs were recalled to parliament on Saturday to pass emergency legislation allowing the government to seize control of British Steel after Jingye, its Chinese owner, appeared to be gearing up to turn off the blast furnaces at the site. But British Steel isn’t the only critical infrastructure in which China has a stake. Nuclear power The China General Nuclear Corporation (CGN) was an initial investor in the Hinkley Point C nuclear power station, giving it a 33.5 per cent stake. But it halted funding in 2023 amid mounting tension between London and Beijing, meaning its one-third stake has been receding in recent years. In 2016, CGN was charged by the US government with nuclear espionage, resulting in an employee being sentenced to two years in prison. The 17-page indictment accused the company and its employees of having unlawfully conspired to develop nuclear material in China without US approval and “with the intent to secure an advantage to the People’s Republic of China”.China was also involved in the Sizewell C nuclear power station but in 2022, the UK government forced Beijing out, spending £679m of taxpayer cash as part of an exit deal. Heathrow airport The China Investment Company (CIC), a state-owned investment firm with global assets worth around £1.1 trillion, has a 10 per cent stake in Heathrow airport, Britain’s key aviation hub. The airport is critical for the government’s plan for growth after ministers approved the building of a third runway earlier this year. The CIC has a 10.5 per cent stake in National Grid’s gas distribution network after the gas and electricity company agreed to sell a majority stake in its gas pipe network in 2016. The CIC also holds an 8.7 per cent share of Thames Water. In February, it was revealed by the Financial Times that UK security services are taking part in a review of China’s role in UK energy infrastructure, with MI5 said to be looking at whether the use of Chinese technology – such as solar panels or industrial batteries – could pose a threat to national security. Universities Top British universities have received tens of millions of pounds from Chinese organisations, The Independent revealed earlier this year. Experts warn the UK is increasingly becoming a target for Beijing as it looks to increase its global influence and stifle criticism.A series of freedom of information requests to Russell Group universities – an association of the top 24 research universities in the UK – found they received nearly £50m from Chinese sources in the past four years. Oxford and Cambridge received the most donations, gifts, grants and research funding from Chinese sources. Oxford University brought in £24m from 2020 to 2024, while Cambridge received between £12m and £19m over the same period. This included money from Huawei Technologies and its subsidiaries to Cambridge after it was banned from involvement in Britain’s telecommunications infrastructure in July 2020.Real estate In 2022, The Guardian revealed that Beijing owns a vast network of UK real estate – controlling more than 250 properties across Britain via dozens of companies – including distribution centres that are central to the flow of food and goods across the southwest and southeast of England and the Midlands. The CIC is thought to have spent at least £580m on properties in the UK. Telecommunications While Chinese-owned company Huawei was initially allowed to contribute to Britain’s 5G network, the UK government has since banned its use and is phasing out the company’s equipment over fears that use of the technology could compromise UK national security.In 2020, the government passed a law banning British mobile providers from buying new Huawei 5G equipment and forcing them to remove all Huawei kit from their networks by 2027. More

A former Conservative lawmaker and 14 others have been charged with cheating when placing bets on the timing of Britain’s general election last year, the Gambling Commission said Monday.Craig Williams was one of several people who had been investigated for cashing in on insider knowledge on the date then-Prime Minister Rishi Sunak would call the election. Other members of the Conservative Party that controlled government at the time and at least one of the prime minister’s police bodyguards were also under investigation in the scandal.It’s legal for politicians to wager on elections, but the investigation was about whether they used inside information to gain an unfair advantage. One of the popular bets at the time was to wager on the date the prime minister would call an election. At the time, the conventional wisdom was that Sunak would call an election in the fall, but he surprised people in May when he set the date for July 4th. The vote ended up being a bloodbath for Conservatives, as the Labour Party, led by Prime Minister Keir Starmer, swept them out of office for the first time in 14 years.Williams, who was Sunak’s parliamentary private secretary and running for reelection in the race on July 4, had disclosed he placed a 100-pound ($131) bet on a July election days before the date had been announced.“I committed an error of judgment, not an offense, and I want to reiterate my apology directly to you,” he said in a video posted on social media.Williams lost his seat in the election, finishing third.Others facing charges included Russell George, a Conservative in the Welsh parliament and Nick Mason, a former chief data officer for Tories. More

The leader of Hungary’s largest opposition party on Sunday told thousands of supporters that he would guide his country out of its international isolation if he defeats Prime Minister Viktor Orbán in elections scheduled for next year. Péter Magyar, the leader of the Respect and Freedom (Tisza) party, represents the most serious challenge to Orbán’s power since the right-wing populist leader took power in 2010. Recent polling suggests that Tisza has overtaken Orbán’s Fidesz party as Hungary struggles with a stagnating economy and has been politically sidelined in the European Union over Orbán’s policies.Speaking at a rally in Budapest on Sunday, Magyar said that, if elected, he and his party would restore Hungary’s relationships and reputation among its allies that have suffered as Orbán has attacked the European Union and pursued close relationships with autocracies like Russia and China. “We will finally put our common affairs in order,” Magyar said. “Our homeland, Hungary, will once again be a proud and reliable ally of NATO. Hungary will once again be a full-fledged member of the European Union.”Orbán, a self-described “illiberal” leader, has been accused by critics of having led Hungary out of the community of European democracies by eroding democratic institutions, violating judicial independence and taking over much of Hungary’s media. Since taking power in 2010, he and his Fidesz party have led the country with a two-thirds majority in parliament, and easily defeated any opposition. But recent polls suggest that Tisza has pulled ahead of Fidesz in popularity as Magyar’s campaign focuses on economic and social issues facing the country like persistent inflation, a poor healthcare system and alleged government corruption. On Sunday, Magyar said Orbán’s system “cannot be reformed, cannot be fixed, cannot be improved. This system can only be replaced, and that is what we will do — lawfully, democratically, but with determination, we will cut down the regime.”Nóra Farkas, a supporter of Magyar at the rally, said she had hoped for Orbán’s defeat in Hungary’s last national elections in 2022, but that with around a year to go before the next ballot, she is more confident that change is possible.“Anyone who thinks things are going well in this country is blind. Orbán and his circle are the main reason for the problems,” she said. ___Béla Szandelszky in Budapest, Hungary contributed. More

The business secretary has refused to guarantee that the British Steel plant in Scunthorpe will get enough raw materials in time to keep its crucial blast furnaces running.Jonathan Reynolds also said he would not sell the business to another Chinese owner as he indicated there is now a “high trust bar” for Chinese companies to meet before they will be allowed to invest in sensitive UK industries.On Saturday the government pushed through emergency legislation to take control of British Steel, with Mr Reynolds warning MPs that once blast furnaces run out of raw materials, they can never be turned back on. British Steel needs to secure raw materials for its blast furnaces to prevent its Scunthorpe facility from shutting down irrevocably More