There is something special about Sunday morning, the Sunday Times, hot croissants with honey and butter, excellent.
Headlines – “Hunt: NHS must reform or it will fail” makes the headlines this week. The health secretary has warned the NHS will only be sustainable if doctors accept sweeping reforms including proper week-end cover and the assumption of responsibility for out of hours care. This would mean GPs had to go back to the days when they home checked vulnerable patients and strengthened the doctor patient relationship in the process. In a dangerous gesture, the health secretary has said he would use “every drop of his blood” in the effort to turn around failing hospitals. NHS staff have volunteered to work 24/7 (including week-ends) to extract.
No doubt, better lifestyle education would lessen the burden on the NHS. News from the North, “A Jammy life for Scots” also makes the headlines. 20% of Scottish people think strawberry jam counts as part of the five a day fruit intake. OK, two thirds sugar and 20% fruit is a contribution of sorts. Should we be surprised? This for a nation who think deep fried Mars bars formed part of the NASA space mission nutrition packs, allegedly.
David Smith, is back from a trip to Germany in time for the “Forward Guidance” statement this week. “This flowering recovery needs tender loving care” is the headline. Yep the world needs more sub editors with a grasp of economics and horticulture. DS explains, the Bank’s clear message is the recovery will be given time to mature and achieve escape velocity from the global financial crisis. A measured response to the announcement, contrasts with the Institute of Economic Affairs “ A perilous watering down of the Bank’s long-standing inflation target” the condemnation from the free market think tank.
The Saturday Economist, in The Saturday Economist, the good news keeps on coming. Manufacturing, construction, services, house prices and trade offer good news. The data just increases the credibility of George Osborne and the difficult balancing act for the monetary policy committee. David Smith suggests the oldest cliche about monetary policy is that central bankers take away the punchbowl as the party gets started. For the moment Mark Carney is filling the punchbowl and has put his credit card behind the bar. At some stage, the credit card and the punch bowl will be taken away. Judging when, ‘the MPC will judge when” will be the hard part for business.
Back to the day Job – Highlights of the week
Monday – team meeting in the morning, then a briefing with the research and PR team at the Chamber of Commerce in the afternoon for the week ahead. In between, a meeting with Sir Howard and the Chair of pro.manchester, Nicola Quayle. A time to reflect on pro.manchester’s contribution to business life in the city, especially the contribution to marketing in the south and research on behalf of the FPS sector in the north.
Tuesday, we host a lunch in the office for a UKTI delegation on behalf of MIDAS and Andrew Toolan specifically. pro.m plays an important role in encouraging inward investment and near shoring into Greater Manchester on behalf of the financial and professional services sector. The UKTI visit part of an active series of events in the year.
Friday, planned day off, or working at home, scoot back into the office for a quick meeting in the morning. In the afternoon, play tennis, a 4-6 setback causes some concern to the coaching team!
Saturday, working in the morning, the day starts as usual with tea, the FT, and the Economist app. In the afternoon, no tennis, still recovering from the prior day shock loss. Too late in the day to take an ice bath – begin work on the quarterly economics presentation.
Hope all is well, more news next week,
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