Home Australia Ex-MI6 boss warns Labour’s Net Zero push will hand control of energy to China amid claims targets can only be hit with components from Beijing

Ex-MI6 boss warns Labour’s Net Zero push will hand control of energy to China amid claims targets can only be hit with components from Beijing

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Sir Richard Dearlove warned that the entire Chinese industry

Labour’s Net Zero campaign will hand China power over UK energy supplies because it relies on parts made solely by companies controlled by Beijing, a former MI director warns today^.

Sir Richard Dearlove warned that all Chinese industry “must answer to the leadership of the Communist Party” after Rachel Reeves visited the Far East to boost relations and trade.

Reeves met Vice President Han Zheng and Vice Premier He Lifeng during the first high-level economic meeting between Britain and China since 2019.

He revealed deals worth £600m over the next five years and said they represented ““Common ground is found in areas such as financial services, trade, investment and climate.”

Diplomats have also been courting the Chinese wind industry. According to the Times, Geraldine McCafferty, deputy director of the British embassy in Beijing, said at a conference last October that the UK “welcomes Chinese capital to enter the UK offshore wind market, and the government is in talks with major Chinese wind energy companies. about investing in manufacturing or assembly plants in the UK.

However, Sir Richard, who headed MI6 from 1999 to 2004, told the newspaper: “The fact of the matter is that all Chinese industries are accountable to the leadership of the Communist Party.”

‘If the command is “jump”, the answer has to be “how high”, they have no options to say no. That’s the difficulty behind the scenes.”

Sir Richard Dearlove warned that all Chinese industry “must answer to the leadership of the Communist Party” after Rachel Reeves visited the Far East to boost relations and trade.

Reeves met Vice President Han Zheng and Deputy Prime Minister He Lifeng (pictured) during the first high-level economic meeting between Britain and China since 2019.

Reeves met Vice President Han Zheng and Deputy Prime Minister He Lifeng (pictured) during the first high-level economic meeting between Britain and China since 2019.

He revealed deals worth £600m over the next five years and said they represented

It revealed deals worth £600m over the next five years and said they represented “common ground found in areas such as financial services, trade, investment and climate”.

He arrived like the He conservatives He said the chancellor had “returned almost with nothing” from her trip to Beijing, which went ahead despite fresh alarm over her economic plans.

Reeves’ trip to China amid British market turmoil was in the “national interest”, a senior cabinet minister said this morning.

Asked by BBC Breakfast whether the Chancellor was right to make the trip, Cabinet Office minister Pat McFadden said: “Definitely.”

He added: “I think people who say she shouldn’t have gone are wrong and making a serious mistake.”

‘It is absolutely right that the Chancellor of the Exchequer, the UK’s leading economic voice, should go and beat the drum for British business and investment in the UK.

“It was in the national interest for the Chancellor to go to China and that is why it is absolutely right that she went.”

The pound also fell further against the US dollar this morning.

The pound also fell further against the US dollar this morning.

1736764420 42 Ex MI6 boss warns Labours Net Zero push will hand control

The interest rate on 10-year bonds – one of the main ways the government borrows money – rose again this morning.

The UK was hit by markets again today as ministers were warned they must find “ruthless” spending curbs.

The government’s borrowing costs rose further in early trading, while the pound lost further ground against the dollar.

The grim signs came as businesses blame the huge tax raid in Rachel Reeves’ budget for crushing economic growth.

CBI chief Rupert Soames said “trust” had been “hurt” by the Chancellor and that companies will have to raise prices and cut jobs.

Analysts have been warning that Reeves, who is returning from a business trip to China, will be forced to scrap her spending plans as a result of the backlash.

Chief Secretary to the Treasury Darren Jones has written to colleagues outlining the urgent need for efficiencies.

Keir Starmer will give a speech this morning insisting that mass deployment of AI can save taxpayers huge sums of money.

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