That about sums up the leading stories on yesterday's television news coverage, so turning to the first, you will no doubt recall that yesterday I posted on the stories on the front pages implying that things were looking up with respect to the UK economy. I expressed my reservations based on what I saw as nothing happening that was going to stimulate growth by addressing the ongoing problems created by Brexit. The newspaper coverage in the Tory supporting press was concentrated however on two different things. Firstly, the IMF had made some passing comments that they approved of Chancellor Hunt's high tax, low spend policies (before going on to warn about the ongoing problems with the economy, which of course the tabloids chose to ignore), and secondly, there had been a fall in inflation from its previously dangerously high level to a marginally less dangerous one.
Rishi Sunak, at PM's questions yesterday in the House also chose to blow hard on the upside of this, but the Chancellor himself was, in interview, less sanguine. He said there were still underlying issues that had to be addressed, not least that inflation, while down, was still much higher than the two percent target figure, and was proving to be stubbornly high despite the measures being taken to reduce it.
The tv pundits,in their analysis of the figures agreed. The rate, they said, was still way above what the Bank of England's forecast predicted it should be and serious questions remained as to why this was the case. They forecast (the pundits) that the BofE would have to introduce further interest rate rises to exert yet stronger downward pressure on the inflation rate, if they were to stand any chance of achieving the two percent goal. This in turn would add yet more pain to families struggling with their mortgage costs and an inflation rate of food bills (taken separately) running at around twenty plus percent.
So not so good at all.
Moving on to the immigration situation, Kier (Keith) Stamer, knowing that there was some really difficult figures for legal immigration in the offing had made some inclusion of the situation in his questions to the PM, and Sunak had responded with the broadside that Stamer had no plans (contrary to the government of course) to deal with it, because underneath the bluster he (Stamer) wanted unlimited free movement of immigrants (both workers and students etc) into the country.
Enter Stamer's cunning plan. (C'm here - there's more, in the words of seventies Irish comedian Jimmy Cricket) Here's how we do it. You know those five million or so people who are sitting doing nothing and drawing benefits since the pandemic? Here's the good bit - run with me - saying we......put them back to work! Then we wouldn't need to be dishing out all of those work visas as we do at the minute! Great eh?
Well okay Keith. But isn't it possible that a good proportion of those five million might have good reasons for not being in work? Like they are actually retired, or sick, or disabled, or suffering from long-covid (or doesn't that one exist anymore?). But okay, ten out of ten for effort, not so much for originality.
But in fairness Keith did score one good hit on Sunak during PMQ's when he observed that he was aware that the Home Secretary had a problem with points systems (referring of course to her recent speeding ticket trials), but that he saw the PM clearly had one as well. This refers to the much vaunted points system for legal immigration that was introduced by Boris Johnson (having been much vaunted by the Leave campaign and Farage etc, prior to the referendum) which, upon introduction, had set the bar so low for qualification for entry that it had effectively thrown open the doors to anyone who wanted to come. Thus Boris Johnson, who stood absolutely on the ticket of reducing immigration as per the Conservative manifesto's of repeated election campaigns, became in his indolence and misunderstanding, the architect of the single biggest influx of immigrants since Tony Blair's catastrophic underestimate of the numbers of Eastern Europeans that would want to come here in the nineties.
So there you have it. Not so good on either front, so let's go and see what the papers have to say this morning.
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"Simply The Best" is the headline on three of the tabloids. No need to say more on that one except God speed Tina. In your own way you were indeed.
Baroness Hallet, leader of the ongoing covid inquiry team, is proving to be a nuisance to the Downing St HQ by actually wanting to see the information she needs to in order to do her job. This includes the emails and WhatsApp messages that passed between Johnson and Sunak and the rest of them as the crisis unfolded,and clearly there is some embarrassing stuff in there that Sunak and Co would rather remained private. It's threatening to turn nasty, because Hallet (who we will be hearing much more of in the news in the months to come) has bridled at being given heavily redacted and censored records, when she clearly wants the lot. Downing St says that she has been given all that she needs and requires to do the job, and all the law requires them to provide. She begs to differ and is considering going to the courts to challenge it. Could be interesting. I'm betting we'd see exactly what Boris Johnson thought of the whole situation early in the affair (as if we don't already know - he didn't bother to go to the first five Cobra meetings at all) if she gets her way. (Johnson himself, incidentally, is threatening to sue the government because the Cabinet Office has referred his personal diaries to the police because he appears to admit to having meetings with friends at Chequers during lockdown. Johnson says these were private diaries and they had no right to do this. Anyway, they were "work events" he claims. Now haven't we heard that one before somewhere?)
What else?

Rising gilt prices means increased costs of government borrowing and are reflective of decreasing confidence in the economy, but all the same, reliance on recession to control inflation seems a bit 'scorched earth' to me. But hey, what do I know.