Faisal Islam Profile picture
Aug 7, 2019 14 tweets 4 min read Read on X
Another No Deal story on #bbcnewssix

We reveal the rather recent changes to the secret “reasonable worst case scenario” assumptions for No Deal Brexit trade flow that are the foundation for the Government’s No Deal planning.
...last year Government’s reasonable worst case scenario (revealed to industry under NDA but not public) for trade flows across Channel was incredible fall of 75% to 87% - so only 2 in 10 lorries flowing.

That was improved to 50-70% in April
& 40-60% in past few days BBC told
/1
...reason is really rather interesting - original catastrophic assumption done without French cooperation - on basis of 100% manual customs & regulatory checks (& required officials studying satellite photos of French ports)...upgrade has come as a result of new French facilities
... what this means in practice though is instead of 8000 lorries a day stuck either side of the Channel in a reasonable worst case scenario, and queuing capacity in UK filling up in days, it is more like 5000, which would fill up space in a fortnight... /3
...so in less catastrophic worst case scenario territory rather than actually good ones. But if you re a glass half full person, you might welcome progress...my understanding is that medicines suppliers think the disruption will be significant even with a 20% reduction in flow /4
Logistics providers think assumed flow rates shd be further improved - but totally contingent on trader prep. Companies can be prepared as they like, but if the lorry in front hasn’t got an EORI number its still a queue... depends on whether small companies have the cash /5
Freight Transport Association point out that the support for traders from UK Government is just £750 per company - equivalent to two hours training on how to fill customs forms they never have before had to. Massive shortage of customs agents though etc /6
Other industries - eg food - far from convinced on Government extra optimism - and so for example, asking for competition policy changes for possible food supply coordination - my other report today /7
The really big point here though - that the original 2 in 10 assumption already assumed the waiving of all checks into UK at Dover/ Folkestone - the improvement comes from what was done on the French side - rather vivid example of how this really depends on Paris /8
FULL Story here: bbc.co.uk/news/business-…
Former Sainsburys Chief Justin King on @BBCNewsnight responds to our story on the governments internal assumptions on cross Channel trade flow, revealed to BBC news:
And I have also been told Government knows that there is a very significant shortage - perhaps 5 figures - of customs agents, as Pete says below..
FTA’s EU freight expert @S_LD_ told me in Calais about UK firms servicing European supply chains at 6 hrs notice with zero paperwork, now being told to
- get a customs agent (none available)
- needing 24 hours notice
- have to provide detailed inventory, eg weigh their supplies
For Just-in-time (& oft forgotten but equally important just-in-sequence) delivery of parts - this delay v tricky. £ slide helps a bit maybe.

Point tho not just basic EORI number required - each export will need new paperwork

EORI just base level prep & majority haven’t done it

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More from @faisalislam

Jun 5
Coutinho co-opting the Treasury Permanent Secretary into backing idea that Labour will raise taxes by thousands…

All this arises because the OBR (unlike its equivalent in Ireland, Australia the US, the CBO) is prevented from doing comparable truly independent costings…
This whole “debate” is, for now, rather absurd, as next week we will get the actual policies in manifestos, the parties’ own assumptions and separate truly independent numbers on the implications for tax, spend & borrowing from the likes of the IFS & Niesr.
The Treasury Permanent Secretary who Coutinho deployed this morning to defend the £38bn/ £2k claim wrote to the Opposition to say it “should not be presented as having been produced by civil service”… this could be problematic…
Read 6 tweets
May 20
Looks like a major “announcement” on energy bills is imminent … another @politicalpics long lens scoop… Big Six have been briefed … something to do with the energy price cap adjustment (cut) from July (coming by Friday), further policy on smart meters (rollout has stalled)
”Note we do not necessarily want their advocacy as consumer trust is so low in suppliers that if a package of this kind is backed by them then consumers will instinctively regard it as not in their best interests” the memo says of the Big Six energy providers
Logically, some sort of announcement that builds on the inflation fall (energy driven) on Wednesday and the further fall in the cap on Friday, to promote the idea that the cost of living crisis is behind us, but something not all the energy companies will back - perhaps rolling back some of the green additions ???
Read 6 tweets
Mar 8
1 in 4 Scottish adults on anti-depressants doctor just told Amol on @BBCr4today re inactivity…

Can’t find directly comparable England stat … but NHS England business data says there were 8.6m patients prescribed antidepressants in 22/23 (up from 6.8m in 2015)… 19% of adults
Thanks followers - the doc did say 1 in 5, and the fact is here from NHS business data … 8.6m antidepressant prescriptions out of an adult population of 45 million… 5.6m women, 2.9m men. Up from 2015 6.8m prescriptions/ 43m population… (1 in 6)

these numbers seem astonishing. Image
By age
English children on prescribed antidepressants, including a handful of toddlers - big spike up is for teenage girls… Image
Read 5 tweets
Jan 19
Epic Davos buzz thread -

1. Leading African figures told me privately that Kagame’s clear frustration with the UK-Rwanda deal, communicated to me “it’s UK’s problem” & “have money back” also reflect eyebrows being raised in other African nations about general look for a man who likes to be seen as the modern leader of a confident Africa, and who may have clocked that it may be reversing his considerable investments in nation-branding (sponsoring PL footy teams) etc. Watch this space. Here’s my iPhone video…
2. Remember, there are two sides to this deal:

I got a note from a very connected commentator after my doorstep: “It's a really bad look for him. He knows that the whole point of this policy is to make the UK govt look tough on migrants, on the grounds that Rwanda is presumptively a terrible place to be sent to. It puts the Rwanda country brand back like 20 years. … the only thing people associate with the country is "the worst place the Brits can think to send people"….
Context here - some real buzz about Africa jumping value chains, not just producing minerals but the finished products the world needs and doing so within a massive new free trade area…Image
3. Heard an interesting theory from business leader Brits out here… the autumn election promise is a feint, and earlier (May?) will happen as a result of the “shock” of the ECHR (possibly?) quashing the Rwanda policy and fought on that basis, with an attempt to reenergise Brexit vibes… if that’s even half true… then worth noting that Ireland has just formally lodged its ECHR case against the UK on Troubles Legacy Act… oh… and coming up imminently on @BBCNews is my interview with the Taoiseach covering this topic…Image
Read 8 tweets
Nov 21, 2023
NEW

Governor Bailey says the risk on inflation “remains on the upside” when talking to MPs… backdrop to the Autumn Statement push to declare a turning point - MPC member Catherine Mann also suggests rates should be higher, because of continuing price and wage pressures …
Mann: inflation forecast points to not hitting 2% inflation target until mid 2026
🚨
Bailey:
“Market is putting too much weight on current data releases” showing “inflation come down quite rapidly”… we are “concerned” about “potential persistence” of inflation as “we go through remainder of journey down to 2% and I think the market is underestimating this”…
Read 9 tweets
Nov 1, 2023
extraordinary testimony from Dep Cabinet Sec Mcnamara, about “jovial tone” and “breezy confidence” of PM Johnson in face of Italian “overreacting” re first European Covid wave even there was “laughing at the Italians”…

at time Italian docs implored Brits to learn its lessons
There was definitely some lobby briefing at the time with some sneering at the Italians - which I recall being really rather revealing, because my medical family were recirculating accounts from Italian doctor friends repeatedly warning UK to take advantage of headstart eg below
The point was, of course, that the Italians had much more critical care capacity than the NHS
Read 6 tweets

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