Matt Day

Founder @Conserva_Tech | Supporting bad football @WestHam | Britain is not finished - not while there are people who believe in her.

[ConservaTech @Conserva_Tech]

Fantastic news for British technology! 🇬🇧

UK chip startup Fractile has reportedly reached a $7 billion valuation, securing $720 million in new investment.

Britain has the talent and ambition to become a global leader in AI and semiconductors.

Now we need the right conditions to help companies like Fractile start, scale and succeed here at home.

More British tech giants, please!

[Matt Day @mattdaytech]

This is exactly the sort of British success story I want to see more of! 🇬🇧

A UK startup building cutting-edge AI chips, now reportedly valued at $7 billion.

We’ve got some of the best scientists, engineers and entrepreneurs in the world.

Our challenge is making Britain the best place for them to build and grow world-leading companies.

We can do it with the right taxes and policies! 🇬🇧🚀

[etn. @etnshow]

BREAKING: UK AI chip startup Fractile has hit $7B valuation after raising $720M from Thrive Capital, Founders Fund, and the UK Sovereign AI Fund, per the FT.

[Matt Day @mattdaytech]

@bunothanboy Beautiful photos. This was Glencoe a few weeks ago when I was there.

[Matt Day @mattdaytech]

@E19177 Great photos. What an incredible bunch of lads.

[Matt Day @mattdaytech]

“If I should die, think only this of me:

That there's some corner of a foreign field, that is forever England”

[Conservatives @Conservatives]

They shall grow not old, as we that are left grow old:
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them.

[Tom Ough @tomough]

The fourth plinth stuff is a neat crystallisation of what's gone wrong with British governance.

Who chooses its ugly artworks? A committee of random lanyarders who have been beguiled by transient ideology and are completely unaccountable to the public.

A new mayor could very straightforwardly sack them all. So could Parliament. Raise Athelstan!

[Matt Day @mattdaytech]

But no interest-free loans to non-Muslim students? Name and shame the universities thinking about or conducting this two-tier system.

[The Telegraph @Telegraph]

British universities are preparing to offer interest-free sharia-compliant loans to Muslim students, with repayments used to fund others joining the scheme rather than going to the Treasury.

The plans have sparked concerns that they could create a “two-tier system” in higher education.

🔗 https://t.co/pB9wmbam8j

[Neil O'Brien @NeilDotObrien]

Athelstan on the fourth plinth - let's make it happen!

[Matt Day @mattdaytech]

So ridiculous, and such an easy win for a government.

Reflective, I think, of a zero day view of history within the Labour Party. All power to @NeilDotObrien - let’s get this campaign moving!

[SO3 Clausewitz @SO3_Clausewitz]

“There are no plans at present for the Government to mark the 1,100th anniversary of the unification of England.”

Great 👍

[Charlie Davies @cgdav135]

I agree with every single word from @RMCunliffe here.

[James Cleverly🇬🇧 @JamesCleverly]

I will cut these costs so young Londoners can get onto the housing ladder.

London must be safe and aspirational, but also affordable.

[Matt Day @mattdaytech]

@Ben_A_Hopkinson @Katie_Lam_MP Decline is always a choice and not one we need make. I’ll be sharing this widely!

[Matt Day @mattdaytech]

Fantastic work by @Ben_A_Hopkinson and team here. Thoroughly depressing to see though and the effect this is having on building.

Lots of work for @Katie_Lam_MP to get into and fix it when the Conservatives are back in Government!

[Ben Hopkinson @Ben_A_Hopkinson]

Government imposed policy costs make up 57% of the clearing price of a new flat in London and 42% of a new home in the Home Counties.

Despite a big housing shortage and positive planning reforms, new home starts in England are declining from 182,000 in 2022 to under 125,000 last year.

While the macroeconomic context has worsened with build cost inflation and high interest rates, the Government is imposing more burdens on new homes, not fewer.

Taxes, levies, planning, and mandates add over £440,000 to the cost of delivering a home in London and nearly £225,000 nearby, with several of these imposed recently like the Second Staircase, Future Homes Standard, Building Safety Levy, Biodiversity Net Gain and Residential Property Developer Tax.

Individually these may be justified, but together they are making new homes unviable.

As a result, large developers are buying less land and small builders are going out of business; nearly 4,000 construction firms went bust just last year.

If we want to build more homes, we should be easing the burdens on them, not adding more.

Making housebuilding viable again is the most important issue in housing policy and my co-author, Edward Donovan, has completed excellent modelling showing how big the challenge is.

Read the full report: https://t.co/NWS58oqbTx

And simulate what changing the policies does with Edward's modelling here: https://t.co/IVrLBax2pz

[Matt Day @mattdaytech]

Basically @rcolvile is right here. What amazes me is how well Britain’s start-up and AI sector is doing *in-spite* of all these things.

Imagine what is possible if our policy and tax environment supported them.

We can do this 🇬🇧🚀 @Conserva_Tech @PeterTFortune @JuliaLopezMP

[Robert Colvile @rcolvile]

The AI buildout is a great case study of UK failure:

- Failed to fix copyright so de facto banned LLM training
- Planning system, electricity costs and grid connection queue delayed/blocked data centres
- But loads of smug conferences/strategy docs on how well placed we were

[Lewis Ormston @LewisOrmston]

Matt is right.

Piecemeal digitisation has left us with a government that’s fragmented and difficult to navigate.

Our latest @Conserva_Tech paper aims to put that right: one person, one government, one record – and HMRC without hold music.

https://t.co/HxYiSoLpBN

[Anthony Cox @Cox_A_R]

Sacking Ed Miliband must be worth at least 0.2% GDP growth by this point.

[Luke Robert Black @lukerobertblack]

If you believe any of this, when why are you here in the UK?

We are not an Islamic theocracy.

You will always be unhappy with the fact we can celebrate Diwali, have gay men running for parliament and women running FTSE 100 businesses. If you hate all this - why stay?

[Matt Day @mattdaytech]

This really does reveal a lot about Burnham and (in fairness) some others that have made it to Number 10.

Being PM should not be a goal. You should have a guiding mission and ideas that you want to do that being PM will enable.

It’s like they run the race, win and reach the finish line and then say - now what?

Same goes for MPs and want to be future candidates too.

Covet what the office enables you to do for others, not the office itself.

[Josh Glancy @joshglancy]

Interesting that parts of the 10 year plan are being outsourced to Boston Consulting Group, where James Purnell used to work.

Story by @KatieTarrant_

https://t.co/hVaLx76eOq

[Matt Day @mattdaytech]

@CharlesOJ @LewisOrmston Ridiculous! And even worse if you also have corporate ones as a director etc. should be one single citizen portal!

[Matt Day @mattdaytech]

An early morning example of broken digital government.

Why do I have to search and navigate all the HMRC pages for this? Why isn’t it linked? Why isn’t it easy to log in?

There are some big problems in digital functions of government - as @LewisOrmston pointed out in our recent @Conserva_Tech paper, but some of them are so much easier to solve.