There is something special about Sunday morning, the Sunday Times, hot croissants with honey and butter, excellent.
Headlines – Gove plans to go to war over pay for teachers – Michael Gove, the education secretary is preparing for a full-scale conflict with the teaching unions to break their “destructive power” and force through pay reforms. The department of education is to be put on a “war footing” with Gove determined to break the power of teacher unions, NUT and NASUWT.
Does this explain the planned acceleration of troop withdrawals from Afghanistan and the extended leave for MOD staff over Christmas? Let’s hope not, the lions have been led by donkeys too often in the past.
David Smith, “Osborne’s austerity is milder than you think” and the Sunday Times leader “Osborne is not as tough as he sounds” provide a critical assessment of the Autumn Statement this week. The Chancellor is not implementing a radical spending cut back despite sound bites to the contrary. As we review in The Saturday Economistthis week, just what is the budget strategy?
Economics news, dominated by the Chancellor’s statement, the OBR Economics and fiscal update, base rate on hold plus trade and manufacturing news. We cover a lot this week in the Saturday Economics update.
Kathyrn Cooper (page 5) in a fret about debt pleads “Oh George don’t let our ratings slip” but if the OBR projections are to be believed, no need to worry about the Triple A rating, three stars are not enough.
Back to the day Job – Monday team meeting in the morning, not before an early start with Duff and Phelps as we discuss plans for 2013.
Tuesday, haircut in the morning, then a chance to work on my own Autumn Forecast as we review the pro.manchester forecasts for the year and budgets for 2013.
Wednesday – The Chancellor delivers the Autumn Statement, Robert Chote delivers the OBR economic and fiscal update. Tracy Topping and Charlotte Sedlan from Hays Recruitment are in the office to discuss sponsorship opportunities for next year. We have budget, words we love, in the pro.manchester office.
Thursday – meeting with Sara Baines and members of the Business Development committee to discuss the conference programme for March next year. Good meeting. Later we work on the preparation of the presentation pack for the conference.
In the evening, Bank of England dinner with John Young and members of the banking sector in Manchester. Martin Brooke, head of division for financial stability is the principal guest and outlines the work of the new Financial Prudential Committee. Interesting presentation with good exchange of views.
Friday, finalise the Budget and Financial Pack for distribution to the Finance and Audit Committee. Rachel T finalises the Presentation Document for the Manchester Business Conference. Check out the Conference brochure and conference web site. Kirsty Wark, Gavin Esler, Jim O’Neill. Louise Cooper and much more …….
Saturday, working in the morning, the day starts as usual with tea, the FT, and the Economist app. The Economist leads with “Goodbye Europe” what would happen if we left the EU, a British exit looks possible, a reckless gamble the verdict.
In the afternoon, tennis, it’s a win 6- 4, yes it does happen! Interesting week on Facebook, I am befriended by Jamie Dimon and Christine Lagarde, cool!
Hope all is well, more news next week,
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