The launch of HMS Dreadnought sparked multiple naval arms races, most notably in South America. It also intensified the existing race between the United Kingdom and Germany. At the same time, British and Russian diplomats hammer out their own entente.
France has been angling to turn Morocco into a protectorate. The German government decides to interfere, hoping to drive a wedge between France and Britain.
The Entente Cordiale smoothed relations between Britain and France, but created complications for Britain's relations with Russia and with Germany. Britain makes overtures toward both of those countries, in the hope of repeating its diplomatic success with France, but these early overtures do not go so well.
After nearly 20 years in power, the Conservatives can no longer keep a lid on changing British society. But the Liberals have to contend with the rise of the Labour Party.