Economic lookahead: w/c 12 March

Unemployment figures released, second Greek bailout discussed, and goldbugs debating at the IEA.

Monday

  • Eurozone finance ministers meet, and are expected to approve the second Greek bailout now that the country has fulfilled it requirements by convincing creditors to drop more than €100bn of debt'
  • UN World Water Development Report says demand for water is threatening all major development targets.
  • World Travel & Tourism Council say that air passenger duty is costing the UK economy billions.
  • Centre for Economics & Business Research blame rising commodity prices for a fall in real disposeable income in the UK.
  • FSB's Voice of Small Business Index released.

 

Tuesday

  • Annual review of the inflation basket. Previous years have seen the introduction of Blu-ray players and flatscreen TV's, and the merging of "women's trousers" and "women's skirts".
  • OECD harmonised unemployment rates; released the day before the UK's own unemployment figures, these serve as a useful international comparator.
  • Department for Communities and Local Government release their house price index. The only government-collated house price index, these will be the figures to use to examine the NewBuy program.
  • ONS releases the UK trade figures.

 

Wednesday

  • UK unemployment figures released. Expected to show a rise in unemployment and youth unemployment.
  • Mark Hoban, Financial Secretary, will be up in front of the European Scrutiny Committee talking about the eurozone debt crisis.
  • Consumer Credit Counselling Service will release their annual statistical yearbook. Personal debt has fallen out of the spotlight, but there's growing consensus that if there is another debt crisis, this is the sector it will fall upon.
  • Lord Turner, chairman of the FSA, will interviewed by the Treasury Select Committee about mortgages.

 

Thursday

  • OECD launch their report on the medium term environmental outlook.
  • IEA host a discussion on the return to the gold standard, 6:30pm, London.
  • Debate on lowering the price of motherhood at the Resolution Foundation, 10:30am, London.
  • IMF board to discuss the second Greek bailout.

 

Friday

  • Financial policy committee of the Bank of England to meet.
  • Japan releases its monthly economic report.

 

The basket of goods which determines inflation is set to change. Credit: Getty

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Theresa May’s stage-managed election campaign keeps the public at bay

Jeremy Corbyn’s approach may be chaotic, but at least it’s more authentic.

The worst part about running an election campaign for a politician? Having to meet the general public. Those ordinary folk can be a tricky lot, with their lack of regard for being on-message, and their pesky real-life concerns.

But it looks like Theresa May has decided to avoid this inconvenience altogether during this snap general election campaign, as it turns out her visit to Leeds last night was so stage-managed that she barely had to face the public.

Accusations have been whizzing around online that at a campaign event at the Shine building in Leeds, the Prime Minister spoke to a room full of guests invited by the party, rather than local people or people who work in the building’s office space.

The Telegraph’s Chris Hope tweeted a picture of the room in which May was addressing her audience yesterday evening a little before 7pm. He pointed out that, being in Leeds, she was in “Labour territory”:

But a few locals who spied this picture online claimed that the audience did not look like who you’d expect to see congregated at Shine – a grade II-listed Victorian school that has been renovated into a community project housing office space and meeting rooms.

“Ask why she didn’t meet any of the people at the business who work in that beautiful building. Everyone there was an invite-only Tory,” tweeted Rik Kendell, a Leeds-based developer and designer who says he works in the Shine building. “She didn’t arrive until we’d all left for the day. Everyone in the building past 6pm was invite-only . . . They seemed to seek out the most clinical corner for their PR photos. Such a beautiful building to work in.”

Other tweeters also found the snapshot jarring:

Shine’s founders have pointed out that they didn’t host or invite Theresa May – rather the party hired out the space for a private event: “All visitors pay for meeting space in Shine and we do not seek out, bid for, or otherwise host any political parties,” wrote managing director Dawn O'Keefe. The guestlist was not down to Shine, but to the Tory party.

The audience consisted of journalists and around 150 Tory activists, according to the Guardian. This was instead of employees from the 16 offices housed in the building. I have asked the Conservative Party for clarification of who was in the audience and whether it was invite-only and am awaiting its response.

Jeremy Corbyn accused May of “hiding from the public”, and local Labour MP Richard Burgon commented that, “like a medieval monarch, she simply briefly relocated her travelling court of admirers to town and then moved on without so much as a nod to the people she considers to be her lowly subjects”.

But it doesn’t look like the Tories’ painstaking stage-management is a fool-proof plan. Having uniform audiences of the party faithful on the campaign trail seems to be confusing the Prime Minister somewhat. During a visit to a (rather sparsely populated) factory in Clay Cross, Derbyshire, yesterday, she appeared to forget where exactly on the campaign trail she was:

The management of Corbyn’s campaign has also resulted in gaffes – but for opposite reasons. A slightly more chaotic approach has led to him facing the wrong way, with his back to the cameras.

Corbyn’s blunder is born out of his instinct to address the crowd rather than the cameras – May’s problem is the other way round. Both, however, seem far more comfortable talking to the party faithful, even if they are venturing out of safe seat territory.

Anoosh Chakelian is senior writer at the New Statesman.

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