Britain has agreed a $24 billion contract with French energy firm EDF to build a nuclear power station at Hinkley Point. The deal is backed by Chinese cash and will be the first new nuclear reactor in the UK for decades. However, the deal also marks a more cautious approach to foreign investment from the UK government after delays in signing the contract as the new Prime Minister examined all the options. It is believed that the government is seeking greater control over deals involving foreign states into ‘critical sectors’. “We will introduce a series of measures to enhance security and will ensure Hinkley cannot change hands without the government's agreement," Greg Clark, business minister, said in a statement confirming the governments scrutiny of the deal.

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