Let me tell you just two* stories which might have wider resonance about a special person who we were saying bye to today... Dadu, Mukul, Chow to some, to me... Dad.
A few years ago, I spoke at the 500th anniversary of my old school. trying to capture spirit of Manchester...
I spoke of Dad, an Indian Muslim student, being given his first career push in 1960s by an open minded Jewish accountant. It turned out he Yitz was in the audience. They reconnected, had big joint clan dinner in Mcr.
He gave a eulogy today.
& I’m godfather to his granddaughter
Dad was very proud to be British, Indian, Muslim, Bengali and Mancunian, saw no contradictions... born into rural Bengal still under British control, first memory the RAF flying over his village on the way to Burma in WW2, his dad’s tannery supplying leather for army boots...
But it meant an extra resonance to having two of his children get education from @TrinCollCam where Nehru/Gandhis got their education...even more so when on day in 1998 I got my econ degree from only ever Bengali Master of Cambridge college, soon to be Nobel winner Amartya Sen...
Prof Sen asks us to the Lodge, with Newton’s artefacts, Henry VIII portraits etc as entertainment for his mother, by singing Tagore.
A seat of the British establishment temporarily a Bengali community centre.
Dad joked to me - this was not what the East India company had in mind
Many people going through grief at the moment, but his is a positive story of Britain, with strange arcs in history.
As a journo I know we can overly focus on extremes, intolerance, & morons.
The great mass of people are just extraordinarily ordinary, good & get on, like Dad.
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NEW: Told that the this will be a return to furlough scheme for all at rate of 80% of wages, with flexible element to support part time working. So the nearest analogy is the furlough scheme as it was in August. Ie not tied to having to close down, like tier 3 JSS due tomorrow
Understand that the Jobs Support Scheme due tomorrow will now come in when extended furlough ends, currently planned for beginning of December, ie when national lockdown remains.
Obviously extended furlough will apply across the UK to all nations.
Obviously that is interesting re what Welsh first minister said earlier...
Am checking re self emp scheme, generosity of which was doubled last week, though not to august levels.
My rough estimate of cost is extra £2-3billion on what JSS would have cost. Depends on take up.
IMF Article IV initial health check of the UK economy about to report back. We will hear from Chancellor @rishisunak, and IMF chief @kgeorgieva very shortly...
IMF cuts UK economic forecast from last month for this year and next
2020 - -10.4%
2021 +5.7%
But praises “aggressive policy response - one of the best examples of coordinated action globally” on the economy...
IMF: “Room to loosen monetary policy in the near term”
Backs “additional fiscal push”... “there is a case to spend more” than current plans to lift investment...
UK economy “now faces headwinds from a second Covid-19 wave, Brexit related uncertainty, rising unemployment..”
Good case study in confirmation bias - clearly some people wanted to believe that UK dollar exports could have not far off halved in 4 years.
Truth is there are some notable/concerning/interesting glacial trends in trade stats, but things would never move as quickly as this...
Just so everyone has stats - lots of different ways trade is measured, so you do get different numbers, but vitally important to compare like with like. in $ terms UK exports of goods AND services went up from $810bn (2015) to $894bn (2019) UK slipping one to 5th below Japan...
Coming up on @BBCNewsnight - I’m presenting, we hear from @MarcusRashford, an MP defending the Government, and also top trade adviser Dan Hannah on the big trade deal with Japan, as well as the architect of Black Lives Matter... BBC2 now!
Here’s full message from @MarcusRashford who we asked to join us on @BBCNewsnight late last night, but he was in bed ahead of match, responding to yesterday’s outpouring of support from councils, communities, and corporations for supplying food for English children in half term
Supermarket Asda (recently taken over back in British ownership) this morning joined in, pledging £100k for school holiday access to food
NEW - Chancellor doubles taxpayer support for wages to employers under Jobs Support Scheme, and cuts eligibility from a third of hours to a fifth - affects whole scheme, aimed at Tier 2, but not formally tied. UK wide.
Significant acknowledgement that large swathes of the economy are back in survival mode given rising infections, and not in restructure mode, which is what underpinned the original Winter Economic Plan...
A deal-making deal has been reached on “Organising principles for further negotiations with the EU” which may or may not lead to an actual deal: gov.uk/government/pub…
“most difficult” issues identifies as “LPF, governance, fisheries, energy and goods/services provisions” in the memo.
“For our part, we remain clear the best & most established means of regulating the relationship between two sovereign and autonomous parties is one based on a free trade agreement..”
Interesting No 10 statement - surely they mean “only” means of regulating is based on an FTA??