NOW — I’ve obtained a Treasury briefing, prepared for Davos 2020, revealing how the UK government aligns itself with WEF priorities like “inclusive growth,” climate change policy and digitisation.
Whilst 5 years old, it’s important to view this and how it’s structured.
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Whilst 5 years old, it’s important to view this and how it’s structured.
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This document was drafted for the Chancellor ahead of Davos. Though it remained a draft (the Chancellor didn’t speak), it sets out the UK’s positioning on global fiscal & monetary policy in the WEF’s own framing.
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The document contained biographies of other attendees including, the Secretary of the Treasury (USA), President of the European Central Bank and the Vice-Chancellor and federal minister of finance, Germany.
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The Treasury emphasised “inclusive growth,” a WEF-framed concept often used to mean redistribution to offset ‘regional inequalities’.
The briefing pushes investment in infrastructure, R&D, and skills, while framing inequality as a global economic risk.
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The briefing pushes investment in infrastructure, R&D, and skills, while framing inequality as a global economic risk.
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Climate change is presented not just as an environmental risk, but as a “real and tangible threat to the global economy.”
This was framed as an economic risk, binding climate policy directly to fiscal/monetary planning.
The UK pledged to push Net Zero and even highlighted its co-hosting of COP26.
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This was framed as an economic risk, binding climate policy directly to fiscal/monetary planning.
The UK pledged to push Net Zero and even highlighted its co-hosting of COP26.
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The Treasury warned that automation could replace up to 14% of jobs in the next 15–20 years and significantly alter another 32%.
They positioned the UK as committed to “R&D investment and innovation-friendly regulation.”
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They positioned the UK as committed to “R&D investment and innovation-friendly regulation.”
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The document urges using fiscal policy “space” to drive growth, encouraging governments to spend more on skills, infrastructure, and green investment.
UK fiscal policy was framed as a model because of “record low borrowing costs.”
Important to note this was pre-COVID and pre-COP26 yet, the Treasury was already embedding this agenda.
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UK fiscal policy was framed as a model because of “record low borrowing costs.”
Important to note this was pre-COVID and pre-COP26 yet, the Treasury was already embedding this agenda.
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The UK strongly backed WTO modernisation and “liberalisation of trade in services.”
This reflects the WEF’s globalisation agenda, removing barriers, promoting free trade, and deepening interdependence.
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This reflects the WEF’s globalisation agenda, removing barriers, promoting free trade, and deepening interdependence.
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This FOI shows:
- How UK policy was pre-aligned with WEF frameworks.
- How concepts like “inclusive growth,” “Net Zero,” and “digitalisation” were baked into UK briefings.
- The merging of fiscal/monetary strategy with global governance language.
The Treasury didn’t want this full document public.
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- How UK policy was pre-aligned with WEF frameworks.
- How concepts like “inclusive growth,” “Net Zero,” and “digitalisation” were baked into UK briefings.
- The merging of fiscal/monetary strategy with global governance language.
The Treasury didn’t want this full document public.
🧵 (9/9)
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