LONDON, July 30 — British businesses are cutting ties with China due to concerns about political tensions, a shift that is likely to stoke inflationary pressures, the head of the...
LONDON, July 30 — British businesses are cutting ties with China due to concerns about political tensions, a shift that is likely to stoke inflationary pressures, the head of the Confederation of British Industry said in an interview published on Saturday.
However, British security concerns have risen in recent years, fuelled by disagreements with China over Hong Kong and other issues. Last week, the head of Britain’s foreign intelligence service, Richard Moore, said China was now his top priority, ahead of counter-terrorism work.Both the remaining candidates in the Conservative Party leadership contest — Foreign Secretary Liz Truss and former finance minister Rishi Sunak — have said they intend to take a tougher line on China.
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