Hitler and Churchill were both very much anti-socialistic. They also respected each other's ethnicity, and finally, the British could appreciate and understand the German's need for colonialism/imperialism. After all, the British conquered so much foreign territory in South Asia and elsewhere.
So why didn't the Nazis forge an alliance with the British given their similarities?
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This was, to my knowledge, never even considered and there are a few reasons for why it wouldn't have been. Let's first look at what the potential purpose of such an alliance would have been for the different actors involved.
For Germany, the goal would have been additional territory and a potential way out of the looming threat of a second allied blockade of germany.
But for Britain? What's the benefit here? Britain was in no way, shape or form interested in the newly unified Germany becoming even larger or more powerful. In fact their policy for a few hundred years had been the exact opposite of that. Britain had, both pre-, during and post-, the era known as spledid isolationism, actively pursued a policy of continental balance of power. Whenever one actor was becoming a serious threat to the balance, Britain would almost invariable gather an alliance of other nations set on taking whoever was growing too large down a few notches.
Now, ther is another factor to consider here and that is that Britain had already taken a very clear, albeit unofficial, stance against Germany ever since the early 20th century. Germany was the growing power in continental Europe and only 20 years prior to the outbreak of WW2 Britain had fought a long and very costly war to curb german colonial and european ambitions. Britain was not going to sit quietly and just watch Germany take over as the preeminent power in Europe.