Yes,,BUT,,
As James has said, the local distribution cable leaving the substation has protection of 300a or whatever is appropriate for the cable.
Here's the BUT,,
When the cable to the property / house is taken off that cable it's CSA is dramatically reduced at 16mm² or 25mm² or whatever, so the 300a would not be suitable protected and in the U.K that joint is not in a position where it could be.
It would be the same as having a 20a protected radial wired in 2.5mm² with 0.5mm² cables directly joined onto it along the way, you'd need to protect those.