UK food industry has asked Government to waive or suspend aspects of competition law to allow for it to coordinate food supply in the event of a disruptive No Deal Brexit at the end of October. Would be illegal, they say, at present.
Leading food suppliers and retailers have repeatedly asked the Government for clarity on this matter - and there are precedents for the waiving or changing of competition law during fuel, oil and financial crises.. /2
One top retailer told the BBC: “at the extreme people like me and people from Government will have to decide where lorries go to keep food supply chain going. And in that scenario we’d have to work with competitors, and the Government would have to suspend competition laws”. /3
“in event of no-deal disruption, if Govt wants food supply chain to work together to tackle likely shortages – decide where to prioritise shipments–have to provide cast-iron written reassurances competition law won’t be strictly applied” Food Drink Fed, COO Tim Rycroft to BBC /4
...”Without such assurances, any such collaboration would risk incurring large fines from the CMA. We asked for these reassurances at the end of last year and, despite support from Defra, we’re still waiting” FDF’s Rycroft continues, expresses hope Gove will sort. /5
Government response:
“The UK will be leaving the EU on 31 October and our top priority is supporting consumers and businesses in their preparations for Brexit.
“We are working closely with the food industry to support preparations as we leave the EU.”
Government assumption is that there will not be an overall shortage of food in the UK after Brexit, and acknowledge there is a mechanism in Competition Act for exceptional and compelling public policy exceptions - used in defence and fuel supply
However food industry doesnt seem to share this level of reassurance, sees need to coordinate to direct supply as sufficiently plausible after No Deal as to want this in writing..
November No Deal occurs at time when food supply especially depends on EU imports, & warehouses full
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Staggering to see emails suggest Mandelson advised JP Morgan’s Dimon via Epstein to “mildly threaten” Cabinet colleague Alastair Darling over banker bonus tax.
The Dimon call DID happen, Darling told me about it, including apparent threat to shun gilts & re HQ…
Threats to Darling, Dimon, the gilt market, HQs, apparently orchestrated by Epstein upon advice from financial crisis Cabinet member Mandelson … and a conversation with the late Alastair Darling that has troubled me for a decade and a half, that I would never have imagined unlocked by Epstein files… bbc.co.uk/news/articles/…
And here late Chancellor describing in his book Beyond the Brink how a “v angry” Dimon rang him up in December 2009, days after Mandelsons “mild threat” email
“[Dimon] said that his bank bought a lot of UK debt and he wondered if that was now such a good idea”.
just had confirmed live on BBC Breakfast, from here in Davos, that yes, President Trump sent THAT note to the Norwegian PM saying that because they hadn’t given the Nobel Peace Prize, he could now justify owning Greenland.
At one of the seats of Western power, No 10 Downing Street, the UK Prime Minister is asked TWICE about whether President Trump is thinking rationally…😳
after news emerged that Trump had messaged Norways PM linking Greenland justification to his lack of Nobel Prize
it comes down to compute power, who has it, who can fund it…
When I met Sundar Pichai, his particular pride was not at that point Gemini 3, nor YouTube nor latest smartphone…
but its AI Chip, the Tensor Processing Unit, or TPU, Ironwood
2/ this is hugely economic significant.
raw material of the AI boom is compute power offered by those TPU chips, & more commonly now, by Nvidia’s AI chips, when assembled into pods and racks, and supercomputers capable of training AI models and rapid inference… which I saw at the TPU lab:
🚨 Mind blowing interview with Turing award-winning Yoshua Bengio for @BBCNewsnight one of the three founding fathers of AI, is now warning:
“The worst-case scenario is human extinction.”
AI isn’t just risky — it could end us.
1/10 🧵
📺
2. 🤖 He warns that today’s most powerful AIs are already learning to lie, cheat, even blackmail —
because we’ve trained them to win.
Bengio reveals AI's "scary behavior" & self-preservation tendencies. #AI #AISafety #Blackmail
📺
👁️ In chilling experiments, AI lied to a human to get its task done, says Bengio
🤖 blackmailing an engineer after reading in an email it was going to be replaced.
♟️ choosing to hack a computer to win a chess game
US customs messaging note quietly slipped out last night shows that smartphones, the number 1 Chinese export to the US by value last year, exempted from the 125% tariff… alongside chips, processors, wafers, lcd panels, LEDs etc…
8517.13.00.00
Smartphones
US has excluded the single biggest Chinese export, and certainly the most high profile finished good from the tariffs, without publicly announcing it…
Avoiding the very public repricing of IPhones etc across Apple stores, but only in the US….
While obviously smartphones/ iPhones being exempted is big news for now…
Here’s full list of exemptions according to Harmonised US tariff codes that I plugged into its database… lots of semiconductor parts, circuits, processors, solid state storage, flat panel touchscreens 👀