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 newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Follow our new CSO Australia LinkedIn
Follow our new social and we'll keep you in the loop for exclusive events and all things security!
Have an opinion on security? Want to have your articles published on CSO? Please contact CSO Content Manager for our guidelines.

Tags intelBTpublic sectorParliament

More about BT AustralasiaHuaweiOpen Group

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Brand Page

Stories by Derek du Preez

Latest Videos

More videos

Blog Posts