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Newscast from the bbc. Hello. Its adam in the studio. Hello, its alex in the studio. And there is a chris mason shaped hole just on that side of the table because hes off on his travels. Hes in Washington Dc where hes been for the last day or two with rishi sunak, the Prime Minister who has been visiting joe biden. And on thursday evening they had a Press Conference. And alex, the centrepiece of this visit is this communique theyve put out where theyve talked about this new, new trade relationship. But dont call it a trade deal. Because theres definitely not a trade deal. But what is not the trade deal that the conservatives promised theyd get with the us and clearly havent got it is. The atlantic declaration. So what effectively this is is them talking about how theyre going to continue to strengthen their economic tie ....
newscast from the bbc. hello. it s adam in the studio. hello, it s alex in the studio. and there is a chris mason shaped hole just on that side of the table because he s off on his travels. he s in washington dc where he s been for the last day or two with rishi sunak, the prime minister who has been visiting joe biden. and on thursday evening they had a press conference. and alex, the centrepiece of this visit is this communique they ve put out where they ve talked about this new, new trade relationship. but don t call it a trade deal. because there s definitely not a trade deal. but what is not the trade deal that the conservatives promised they d get with the us and clearly haven t got it is. the atlantic declaration. so what effectively this is is them talking about how they re going to continue to strengthen their economic ties and work together and do some like deals which aren t trade deals they re little deals to help each other s economies work in tandem, parti ....
The atlantic declaration. so what effectively this is is them talking about how they re going to continue to strengthen their economic ties and work together and do some like deals which aren t trade deals they re little deals to help each other s economies work in tandem, particularly when it comes to things like the kind of green industries of the future where we know there s an awful lot of attention and conversation at the moment about is america basically going to scoop up all the good green stuff and everyone else is going to be like, wow, we re left behind. and this is effectively them trying to say, no, it s okay. look, we re still working together, we re still pals, we still got a special relationship. and a kind of the bumper sticker version because we re talking about american politics and they love a bumper sticker. you never really get them here, but we still use the phrase anyway, stop them. yeah, exactly. is this idea that they ve said that they will treat the economy an ....
So under the biden administration s inflation reduction act, which is this huge, huge, huge piece of legislation which gives like bazillions and bazillions of dollars of subsidies to things like electric cars, the uk is now going to get like a little piece of that, aren t they, in terms of the kind of the rare metals and things that go into electric car production, the uk will get a tiny little slice of that. yeah, it s what they call the critical minerals, which, if i m honest, i don t know exactly what those minerals are. i think like maybe lithium is one of those minerals. but anyway, the bits that you need to make the batteries for electric cars which the uk exports to other places now that means that they re going to see some benefit of all of these subsidies that the us is putting into that scheme. so that s one tangible example of this kind of whole host of stuff. but i think what we should take away from this, we should be, i think a bit knowing they do do these big declaration ....