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Faisal Islam Profile picture
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22 Jun, 4 tweets, 1 min read
form guide in the shooting warm up - Grealish 0/4 saka 3/4 Kane 1/4 Sterling 2/4 …. Just bring on Sancho and Rashford already!
Half time peek at the scottish game - good luck to the tartan army…. Mctominay to score the winner…
Trying to work out which economic chart I could overlay on to this…
Sancho coming on…

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More from @faisalislam

Faisal Islam Profile picture
22 Jun
NEW:

Official Government figures released this morning show Foreign Direct Investment into the UK in the year to March, at its lowest level (in terms of annual projects and jobs created) in a decade, at 1,538 projects, down 17% in past year, and down 32% since 2016-17 peak.
The context here was that in the calendar year 2020, for example, UNCTAD reported a 42% fall in global FDI by value - ie a clear pandemic effect - though on this measure (there are many different measures) UK went down to zero, alongside Italy unctad.org/system/files/o…
Past year’s figures show across the board hit to new investments (-23%), expansions (-5%) and M&A (-11%)

But there is also a clear trend since 2016 on the first two on these official numbers...
Read 8 tweets
Faisal Islam Profile picture
22 Jun
Govt releases macroeconomic study of joining Trans Pacific Trade deal... based on existing members, it is a relatively modest £1.8bn in 15 year’s time, or 0.09% of GDP...

DIT points to possibility of other nations, say Thailand and the S Korea joining boosting it to 5.5bn/ 0.3%
If US joins TPP, and the US and UK dont do a deal, then the Govt anticipates a £19.7bn boost in total to trade, though that is a forecast of one hypothetical on another one..

gains that are calculated by Govt are modest, arise out of the eradication of many “non tariff measures”
Two interesting things on above - overwhelming gains of TPP are on trade with Malaysia and Brunei - they are going to take keenest interest here...

Malaysian free trade negotiations with EU stalled nearly a decade ago amid dispute esp re palm oil.

look like restarting now tho.
Read 5 tweets
Faisal Islam Profile picture
10 Jun
Interesting wide ranging 5 page joint statement between PM and President Biden - but notably no reference at all to a “comprehensive trade agreement” as there was in the previous ones with President Trump

assets.publishing.service.gov.uk/government/upl…
Here’s the equivalent paragraph from the statement with Trump in 2019...
Paragraph on Northern Ireland...and the Belfast/ Good Friday Agreement, PM & POTUS “reaffirm their commitment to protect its delicate balance”
Read 6 tweets
Faisal Islam Profile picture
10 Jun
POTUS announces donation of half a billion Pfizer vaccines made in the USA to developing countries…
US gov will buy at cost - Pfizer CEO @AlbertBourla says none of the existing variants have escaped his vaccine, they are developing and hope to apply for approval this year for an oral treatment against COVID-19, and have a plan for 100 day development for new vaccine if needed.
Obviously as its supplied at cost, it’s effectively also a donation from the German inventors of the vaccine at Biontech: investors.biontech.de/news-releases/…
Read 6 tweets
Faisal Islam Profile picture
10 Jun
NEW:

Based on a full year’s comparable data, the US overtook the UK as the worst hit G7 country in terms of pandemic excess deaths... when we first did this analysis with @HealthFdn for the first wave last June, UK was by some way worst. US now hardest hit alongside UK & Italy.
percentage measure above includes some allowance for the demographic trend in calculating the expected levels of death over past year... this below is a cruder measure using a 5 year average of G7 deaths, but is the same way we calculated it for first wave - US the big change..
Full Story:

These international comparisons throw up some v important questions...

For context best performers - Japan, canada, & Germany, have lower levels of per capita excess deaths over full year, than UK had in the first wave alone... @HealthFdn

bbc.co.uk/news/business-…
Read 7 tweets
Faisal Islam Profile picture
10 Jun
On record yesterday, Biden’s adviser Jake Sullivan told @BBCJonSopel of the President’s “very deep concern” on this issue, but didn’t get in to much granular detail…Times reporting private comments from last week suggests more detailed engagement, in particular re US trade deal
This was US Trade Rep on record last month asked about whether she would extend trade negotiations already done with UK - volunteered the administration was “keeping eye” on NI situation in relation to US-UK trade
very interesting thing in Times story is suggestion of specific incentive the US communicated to UK Gov to align agricultural standards with EU in order to solve some of the Protocol problems (EU long suggested this) - and that this wouldn’t affect chances of US-UK trade deal…
Read 4 tweets

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