George Osborne: "Britain is open to investment from Huawei"

Chancellor says government will not block the Chinese company from investing in the country

Chancellor George Osborne has said that despite other western countries making it difficult for Huawei to do business abroad, such as the United States, Britain will remain open to investment from the Chinese networking giant.

Osborne is currently on a five-day trade trip to China and was delivering a speech to students at Peking University.

His comments come shortly after BT's decision to use Huawei to help build its 21st Century Network was heavily criticised by the influential Parliamentary Intelligence and Security Committee. One of the main concerns surrounding the suitability of using Huawei as a provider for the UK's national infrastructure is that questions remain as to what extent it is open to requests from the Chinese government.

However, Osborne dismissed the security concerns and said that Britain should build on its relationship with China in the field of technology.

"One of my tasks this week is to explain to the British people just how far China has come, how sophisticated your businesses are, and how advanced you are in the fields of high tech and science," said the Chancellor.

"There are some Western governments that have blocked Huawei from making investments. Not Britain. Quite the opposite. That is why I was pleased to welcome Huawei's opening of a flagship office in our country in June, and of £1.3bn of investment that came with it."

He added: "And this week I will travel myself to visit the company's global headquarters in Shenzhen to see what more we can do together.

"Indeed, one of the most exciting opportunities for collaboration between our two economies is in the field of high tech."

Join ComputerworldUK at the Open Group London 2013 Conference

London 21 -24 October

Get to grips with Enterprise & Business Architecture, Global Supply Chain, Risk Management and Information SecurityProfessional Development as well as Open Platform 3.0 - the convergence of Cloud, Social Media, Mobile Computing and Big Data

Book here using promotion code LON13-CWORLD for a substantial readers' discount.

Join the CSO newsletter!

Error: Please check your email address.

Tags BTsecurityParliamentintelpublic sector

More about BT AustralasiaHuaweiOpen Group

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by Derek du Preez

Latest Videos

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

  • 150x50

    IDG Live Webinar:The right collaboration strategy will help your business take flight

    Speakers - Mike Harris, Engineering Services Manager, Jetstar - Christopher Johnson, IT Director APAC, 20th Century Fox - Brent Maxwell, Director of Information Systems, THE ICONIC - IDG MC/Moderator Anthony Caruana

    Play Video

More videos

Blog Posts