Worth noting that the Biden Administration's policy on vaccines, as spelled out in his Congress speech on Wednesday, is almost literally "America first"...
...we can debate about whether the EU and UK are guilty of vaccine nationalism but there's really no question that, whether it's right or wrong, that's what we're seeing in the US.
...On this subject, this new @BBCTheInquiry episode by @kavpuri suggests one of the roots of the crisis afflicting India is the Delhi government relying *only* on domestic vaccine production - and failing to order further supplies from overseas...👇 bbc.co.uk/sounds/play/w3…
...In other words - not enough diversification.
Important lesson there for those tempted to think vaccine autarky (or any kind of autarky for that matter) confers national security
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A thread on the real world costs of government not being transparent.
🧵🦞
Last year the Shellfish Association of Great Britain @SAGB asked @DefraGovUK to provide full details of what it had been told by the EU about permissability of live exports to the bloc post-Brexit..1/
...Defra refused to pass on the details directly.
Instead, it gave a summary to the industry which turns out to have been incorrect.
Result: large quantities of live shellfish not being allowed into EU this year at huge cost to firms...2/
...Defra blames the EU for not being clear/covertly changing the rules.
The EU blames Defra for minsinterpreting the information it was given...3/
...And the official trade figures do suggest a reasonably strong bounce back of exports in overall manufacturing exports in February after the plunge in January.
What’s the evidence for discrimination against Black people in the UK labour market?
A thread...🧵
...Why ask this question now?
Because the government's Commission on Racial and Ethnic Disparities (CRED) told a positive story of “overall convergence story on employment and pay” between minorities, including Black people, and the white majority...2/
...But new research this week paints a very different picture of Black youngsters suffering far higher joblessness than whites in the pandemic...3/ bbc.co.uk/news/business-…
There have been many reports of bad loans arising from the schemes, based on estimates from BEIS, OBR & the British Business Bank that between 15-80% will not be repaid...
NEW: Bank of England chief economist Andy Haldane to leave the Bank in June and become chief executive of the Royal Society of Arts 👇 @bankofengland@theRSAorg
Significant move.
Haldane's got the highest profile of anyone at the Bank perhaps even including Andrew Bailey - & he came close to being appointed Governor himself last year...
....Also he's been most bullish voice on the Monetary Policy Committee about the UK economy's outlook - his departure will likely leave it with a more dovish complexion...