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Faisal Islam Profile picture
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4 Oct, 4 tweets, 1 min read
The biggest Control-Alt-delete ever…
Maybe everybody will be randomly assigned a new set of friends when it gets back up and running again?
WhatsApp is back at least …
Was back at 2247… now down again… this is like the bit from Jurassic Park where they reboot the server

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More from @faisalislam

Faisal Islam Profile picture
4 Oct
Chancellor trying to own the “whatever it takes” phrase as his signature...

“Unfunded pledges, reckless borrowing and soaring debt” are fundamentally “un-Conservative”.. he says defending tax rises, saying tax cuts can come only when public finances on sustainable footing
Re supply chain challenges: “we are determined to tackle them head on”... Chancellor tells Conservative conference
Chancellor says his party is the party of business and the party of the worker ... smallish policy announcement on AI scholarships for disadvantaged young people...

Short speech, mainly reintroducing himself to country in normal times...
Read 7 tweets
Faisal Islam Profile picture
22 Sep
US-UK trade talks were obviously going nowhere since Biden’s arrival, not because of a particular snub, but because US is not prioritising new deals at all.

It started to disappear from communiques, calls, even the Queen’s Speech.

NI protocol concerns did not help change that..
Both US Trade Rep Tai, AND her predecessor under Trump, Lighthizer were very aware/ wary that the UK’s strategic decision on closeness/distance to EU post Brexit would cut across scope for US deal...

interesting thing here, is that in brief window quick deal might have been done with Trump, Lighthizer did not appear to believe PM’s promise of hard break with EU, even tho that did transpire, on account of US perception it wouldnt be in UK’s interests:
Read 6 tweets
Faisal Islam Profile picture
16 Sep
EUs trade surplus with UK first 7 months 2021, ie post Brexit trade deal, was €82.1bn, notably up from same months in 2020, €56.7bn

Driven by 17.1% or €16bn fall in UK exports to EU.
Trade into EU from every other major partner up.

EU exports to UK grew by 6.2%, or €9bn..
These are pretty stark figures from Eurostat, calculated on a slightly different basis to the UK ONS ones.

Obviously the pandemic period affects most of the 2020 figures and all of the 2021 figures, but that affected all nations.

Only UK exports are down, and significantly so.
different basis used by Eurostat vs ONS includes… not being seasonally adjusted, using International Merchandise Trade Statistics basis eg. shipping part eg engine or wing, internally to subsidiary…

But shd be able to compare UK trade in/out of EU with others on this basis
Read 7 tweets
Faisal Islam Profile picture
14 Sep
NEW: Post Brexit import controls/ checks, especially on agrifood, some due to be brought in the coming weeks, mainly delayed until July 2022, the second such delay - ministerial statement by PAymaster General, blaming pandemic supply chain pressures... questions-statements.parliament.uk/written-statem…
Though this was tweeted out by Cabinet Office in last hour too
Food Drink Federation unhappy with delay: “As recently as yesterday, officials assured us import checks would be implemented as planned.

“repeated failure to implement full UK border controls on EU imports since 1 Jan undermines trust and confidence - & helps UK’s competitors.”
Read 6 tweets
Faisal Islam Profile picture
14 Sep
Jobs numbers out -
29.1 million employees on payroll - now back up to pre -Covid levels.
1 million plus vacancies - a record

Official quarterly unemployment rate down to 4.6%
Quite significant regional/ national differences within UK

Unemployment in London - 6%
South West - 3.3%
Back up at pre pandemic levels of payrolled employment, according to HMRC’s real time data.. was down a million, 10 months ago.
Read 5 tweets
Faisal Islam Profile picture
7 Sep
PM announces £12bn a year 1.25% levy on both employees AND employers National Insurance contributions and dividends to fund NHS post pandemic catch up and social care reforms...
Hypothecated levy, will be separated out on tax bills from 2023. Tax levied from April 2022
£12bn a year slots in just behind Budget 2021 C-tax hike as the biggest tax rising fiscal event since 1993... so thats the top 2 tax rising “budgets” in a generation in 6 months, first C tax than national insurance..
“I accept that this breaks manifesto commitments which is not something I do lightly.. but a global pandemic was in no ones manifesto”... PM tells Commons..
Read 7 tweets

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