Dear John,
In the week where Brexit had its
fifth birthday, Rachel Reeves announced plans for the fabled third
runway at Heathrow, and DeepSeek sent shockwaves through the American
stock market, here is your weekend wire…
|
Your writer for Weekend Wire had
just turned one year old when Heathrow called for a third runway in
2003, now your writer is a wizened 22 years old and we’re still
talking about it . However, this time it does feel different, with
Rachel Reeves outlining plans for that fabled construction to
begin.
The project has proven a
challenging point of conflict between pro-environment and pro-growth
politicians for more than two decades. Quoting Frontier Economics analysis, Reeves highlighted that a third runway
might raise GDP by 0.43% by 2050 while Ed Milliband, the current
Minister for Energy Security and Net-Zero, reportedly voiced his
opposition to the move at a Cabinet meeting this week. Ed had
threatened to quit Gordan Brown’s government in 2009 over the
issue.
The announcement on Heathrow came
in a speech from the Chancellor in Oxford on Wednesday where she also
announced plans to create ‘Europe’s Silicon Valley’ by improving the
infrastructure between the intellectual powerhouses of Cambridge and
Oxford. The plan is projected to add £78 billion to the British
economy within a decade and
is a further illustration of Reeves’ plan to drive growth via planning
reform and infrastructure construction.
But with the time lag between these
projects being announced and spades in the ground, Best for Britain
CEO Naomi Smith highlighted the opportunity for growth with our
nearest economic partners;
“Unlike a new runway at
Heathrow, beneficial regulatory alignment with our largest market and
a EU-UK youth mobility scheme won’t take a decade to deliver and can
drive growth for all parts of the UK.”
|
Half a decade, 1,830 days and
countless failings later and Brexit celebrates (in the loosest of
senses) its five-year birthday. The five-year anniversary of Brexit is
like remembering when you embarrassed yourself at the Christmas drinks
party with work and every year get a precautionary email from HR. We
all know how damaging Brexit has been for our economy, our freedoms and our
nations standing in the global order. From curtailing investment to
visa-restrictions and higher energy prices, Brexit has been an
unmitigated disaster.
But! With all the doom and gloom of
today, and with the nagging sense of pain in our proverbial feet, it
is an important time to take stock. Let us not mourn the past but
knuckle down and focus on bettering the future. Best for Britain’s
Director of Comms wrote a fantastic piece this week on the ‘Five reasons to be optimistic after five
years of Brexit’ which is
well worth a read.
Niall is right, we must approach
this new year with renewed optimism about our future relationship with
the EU. With a new government, fresh incentives for a closer
relationship for both sides of the channel and a clear opportunity for
economic growth, now is the time to roll up our sleeves and secure the
future Britain needs.
|
Across the English Channel, or the
American Channel as Donald Trump will probably soon be calling it, and
mainland Europe has had a busy week of elections and campaigning. Over
in Belarus, in a not-so-shocking turn of events, Alexander Lukashenko
won his seventh term in office. Remarkably, the man some have called
Europe’s “last dictator” won a resounding 86.8% of the vote. It
really is amazing what you can do when your political opponents are
either endorsing you or in prison!
More significant than the result in
Belarus was the political manoeuvrings in Germany this week. Those
with a keen awareness of German politics may be aware that in just
over three weeks the largest economy in Europe will be heading to the
polls. Worryingly, the last couple of weeks has seen an uptick in support for the AfD hypercharged by wanton social
media algorithms and the malign meddling of a certain South African
egomaniac.
However, more concerning still is
the actions of the (still favourite to win the election) centre–right
Christian Democratic Union party, who despite repeatedly disavowing
the AfD and committing to never enter coalition with the far-right
party, have this week combined to pass a law targeting asylum
seekers…forgetting love thy neighbour and welcoming foreigners. It is
a remarkable moment in German politics and breaks a longstanding taboo
in the Bundestag about collaborating with the AfD. After the vote,
Olaf Scholz cast doubt over a prospective SDP / CDU grand coalition by
claiming that he could no longer trust the CDU
leader, Freidrich Merz.
Expect plenty more twists and turns as we near election day in
Germany…
|
It was a particularly tough week
for American tech bros this week as the bullishness of the AI market
came crashing down and left the American stock market bruised. Enter
stage far-East, the new darling of the AI world; DeepSeek. The Chinese
company, comprising around 140 people, shocked the world by unveiling
an open-source model, similar to ChatGPT but much much much cheaper.
Just don’t ask about Tiananmen Square...
DeepSeek apparently spent just $6
million on developing the software, although many have expressed
doubts about the validity of that figure. However, what is not up for
debate is that the Chinese company has caught the markets by surprise
and dispelled the myth of superiority that had driven up the value of
companies like Nvidia and OpenAI. Nvidia lost an eyewatering $600 billion
of value in a day.
|
Best for Britain
secured our first (and certainly not last) front page of the year last
Sunday as our polling showed that the British public want the
Government to prioritise trade with the EU over America.
The poll and
analysis of almost 15,000 people undertaken by YouGov on behalf of
Best for Britain shows that across England, Scotland and Wales, almost
one in two people (46%) would say the EU should be the Government’s
top priority when it comes to trade whereas less than half this number
(22%) would opt for the US. 4% would think the Government’s focus
should be China while 6% favoured another country.
|
Prioritising the trading
relations with the EU is the top choice in every constituency in Great
Britain, and of more than 50% of voters in 73 constituencies.
Interestingly, those who had voted for Conservatives in 2019
& Labour in 2024 were
more supportive of prioritising the EU than the average, hammering
home the confidence that Starmer and his government should have as
they approach the negotiation table for the UK-EU
reset. |
It's the year of the
snake... |
|
|
This week marked the 80th
anniversary of the liberation of Auschwitz, a poignant occasion for
reflection and for learning from the sins of the past. A reminder that
we must never forget, nor let such hate poison our human condition
again.
I hope you have a wonderful
weekend, and I look forward to speaking with you this time next
week,
Joshua
Edwicker Best for Britain
|
You're receiving this email because you opted in
on https://www.bestforbritain.org. Find out
more in our Privacy Policy. This email was
sent to [email protected] · To stop receiving emails, .click
here
Copyright © 2023 Best for Britain, All
rights reserved. Published and promoted by Cary
Mitchell on behalf of Best for Britain, the campaign name of BEST FOR
BRITAIN LIMITED registered at International House, 36-38 Cornhill,
London EC3V 3NG. Best for Britain is registered with The Electoral
Commission. Best for Britain Limited is a company
registered in England and Wales no. 10436078. Registered for VAT no.
378894125.
|
|
|
|