Chinese banks to come to UK

Chinese banks will be able to apply to set up branches in Britain, Chancellor George Osborne has announced during a visit to the country.

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Osborne signals new UK ties with China

George Osborne will today hail a new era in Britain's relations with China as ministers predicted a massive surge of investment from the Asian economic dynamo to build a new generation of nuclear power stations for the UK.

The Chancellor, who is leading a high-powered ministerial and business delegation to China, will use a keynote speech to students in Beijing to call for the two countries to take the "next big step" in their relationship.

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