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THE WEEK
11 APRIL 2020 | ISSUE 1274 | £3.80 THE BEST OF THE BRITISH AND INTERNATIONAL MEDIA
World in lockdown
How long can Britain cope?
Page 2
It wasn’t all bad Two martial arts experts have been running around
Stockport in Spider-Man suits to entertain local
A dog in Maryland is helping children. The Stockport Spider-Men – aka Jason
to keep the local economy Baird and his colleague Andrew Baldock– have been
going by delivering wine taking requests for visits via Facebook. In South
© COVER IMAGE: CREDIT CAMERA PRESS-CHRIS MCANDREW
to people observing social- Tyneside, a postman has been doing his rounds in
distancing measures. The fancy dress (including Little Bo Peep and Cleopatra) to
11-year-old brindle boxer, cheer up residents in lockdown. And in Liverpool, a
named Soda Pup, apparently police officer stopped off to help a four-year-old boy
relishes donning a saddlebag celebrate his birthday. Dexter’s mother had put out
containing bottles, and taking a request on social media for a police patrol to wave
them out to customers of the at him. Instead, Sergeant Mark Wilson visited with
Stone House Urban Winery. a goodie bag and a card from the Chief Constable.
It’s proving good for business, In Norfolk, a paramedic who headed to Lidl after a
too: “Some customers will buy night shift was given a round of applause by fellow shoppers, one of whom paid for his shopping. And
more bottles of wine so their in London, Syrian refugee Hassan Akkad, 32, was invited onto morning television, after his social media
kids can see Soda deliver it,” post – in which he said he’d been “honoured” to join the NHS’s volunteer army as a hospital cleaner –
said the shop’s owner. went viral. The Bafta-winning film-maker, who fled Damascus in 2015, said it was “the least I can do”.
COVER CARTOON: NEIL DAVIES
THE WEEK 11 April 2020
…and how they were covered NEWS 3
The ventilator challenge toilet-paper stampeding over each other in March”. Using
ventilators is a “drastic step” taken when there is no practical
British manufacturing this month faces “perhaps the greatest test alternative. It’s no panacea. Patients have to be heavily sedated,
in its history”, said Rob Davies in The Observer. “Specialist firms making them weak and immobile; the process can badly damage
have joined forces with industrial powerhouses such as Airbus their lungs. And ventilators don’t cure anything on their own. A
and Rolls-Royce in an unprecedented collaborative effort to make recent study of 20 ventilated Covid-19 patients in Seattle found
medical ventilators to treat Covid-19 patients.” Ventilators are that nine had died, and only four had yet escaped the hospital.
critical to the treatment of the most severe cases; they take over
the breathing when the lungs fail. The NHS currently has access There are, though, less invasive devices available, said Gabriel
to around 9,000 of them; but the Department for Health has set Pogrund in The Sunday Times. Continuous positive airway
a target of 18,000 devices in the coming weeks, mostly from pressure (Cpap) machines are “halfway houses” between oxygen
Ventilator Challenge UK, a consortium of engineering firms. It masks and full ventilation. They pump air and oxygen into the
has also ordered 10,000 of a new design invented from scratch lungs at pressure; in Italy, early reports suggest they were
by Dyson, and 10,000 from the defence contractor Babcock. effective in 50% of cases. A remarkable collaboration between the
Mercedes F1 team in Northamptonshire and University College
As a critical care physician, “I’m flattered by all the attention our London saw a prototype produced in less than 100 hours.
tools are receiving”, said Matt Strauss in The Spectator. But the Following trials and regulatory approval, Mercedes manufactured
clamour for ventilators reminds me rather of “the panic buyers of its first 600 devices on Monday; it is now making 1,000 per day.
THE WEEK
The leader of the Government is in critical condition... his deputies Editor: Theo Tait
jockeying to take over the reins. If you want a cheery way to brighten Deputy editor: Harry Nicolle Executive editor: Laurence Earle
City editor: Jane Lewis Assistant editor: Robin de Peyer
up the lockdown, you can’t beat Armando Iannucci’s The Death Contributing editors: Daniel Cohen, Simon Wilson,
Rob McLuhan, Catherine Heaney, Digby Warde-
of Stalin (2017). A searing commentary on political ambition and political manoeuvring, the film Aldam, Tom Yarwood, William Skidelsky Editorial
staff: Anoushka Petit, Tigger Ridgwell, Sorcha Bradley,
manages to be hilarious, terrifying and truthful all at once. And like any work of art, its truth Aaron Drapkin Editorial assistant: Asya Likhtman Picture
editor: Xandie Nutting Art director: Nathalie Fowler Sub-
encompasses more than its immediate setting. The blood-drenched evils of the Kremlin in 1953 have editor: Tom Cobbe Production editor: Alanna O’Connell
Editorial chairman and co-founder: Jeremy O’Grady
no counterpart, needless to say, in the Downing Street of 2020; and unlike Stalin, our PM – we hope Production Manager: Maaya Mistry Production
and pray – will enjoy a full recovery. But the parallels are there: shell-shocked Dominic Raab, nature’s Executive: Sophie Griffin Newstrade Director: David
Barker Direct Marketing Director: Abi Spooner Account
second-in-command, struggling like Stalin’s successor, Malenkov, to exert his new-found authority. Manager/Inserts: Jack Reader Classified: Henry Haselock,
Rebecca Seetanah, Nicholas Fisher Account Directors:
Ministers protesting “we’re all behind Dom” in public, then privately conspiring against him. The Lauren Shrigley, Jonathan Claxton, Hattie White Senior
Account Manager: Joe Teal Sales Executive: Clement Aro
almost comical insistence by Michael Gove, our Khrushchev, that decisions be taken “collectively”. Advertising Manager: Carly Activille
Group Advertising Director: Caroline Fenner
And everyone insisting theirs is the path the absent leader “would want us to follow”. Founder: Jolyon Connell
Yet just as Iannucci seems to have for Stalin’s monsters, I’ve a certain sympathy for our all-too- Chief Executive, The Week: Kerin O’Connor
Chief Executive: James Tye
human ministers struggling to contain a crisis in the face of a constant barrage from a figure lacking Dennis Publishing founder: Felix Dennis
in Stalin’s Russia – the wise journalist, the one who’s never run a whelk stall yet knows exactly what
THE WEEK Ltd, a subsidiary of Dennis, 31-32 Alfred
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Editorial: The Week Ltd, 2nd Floor, 32 Queensway, London
a choice between him and the flawed politician, I’ll take the latter any day. Jeremy O’Grady W2 3RX. Tel: 020-3890 3787
email: editorialadmin@theweek.co.uk
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in a retrieval system or transmitted in any form or by any means without the written permission of the publishers 11 April 2020 THE WEEK
4 NEWS Politics
Controversy of the week Warning over death toll
Labour’s new leader Experts warned this week
against reading too much
into the UK’s daily tolls of
“It’s finally over,” said Ayesha Hazarika in the I newspaper. deaths linked to Covid-19,
As Frankie Boyle remarked: “I’m not saying the Labour as they represent the day
leadership election has gone on too long, but human on which the death was
civilisation ended in the middle of it.” On Saturday, the votes reported, not the date on
were, at last, counted – and Keir Starmer swept the board. He which it occurred, which
won more than 56% of the vote; his nearest rival, Rebecca may have been days or even
weeks earlier. New figures
Long-Bailey, took 28%, and Lisa Nandy 16%. He was the top
released by NHS England at
choice of members, affiliates and registered supporters alike. the weekend showed there
The political landscape has been “recast beyond recognition”, were 300 more deaths than
said Polly Toynbee in The Guardian. During the Corbyn era, previously thought between
“there was no effective opposition, a void, a limbo”. Now, in 11 March and 1 April. The
Starmer, Labour has “a grand prosecutor well qualified to hold ONS has also pointed out
the Government’s feet to the fire”. A former Director of Public that the figures relate to
Prosecutions, who has managed to unite the Corbynite and deaths in hospital, and do
Blairite wings, he is just what is needed to transform the party: not include the minority of
Covid-19 patients who die at
“trusted, tried and tested”, a “big-brained grown-up”. Starmer: a new broom
home, or in care homes.
During the contest, Starmer was careful not to alienate the Corbynites, said The Times. But he has
now shown his hand. Key Corbyn lieutenants like Richard Burgon and Barry Gardiner have been
removed. “The shadow cabinet no longer has a place for John McDonnell or Diane Abbott.” Ed
Miliband has returned as shadow business secretary, along with Lord Falconer and Rachel Reeves.
Long-Bailey, appointed to the education brief, is one of the few survivors from the party’s hard-left.
And one of the new leader’s first acts was to “rightly and profusely apologise to Jewish groups” for
the anti-Semitism of the Corbyn years (his wife is Jewish). For the first time in five years, it seems that
“the country will have an opposition worthy of the name”. The more one contemplates Starmer,
“the more perfect for the moment he appears”, said Matthew Norman on The Independent. The
main criticism of him used to be that he’s a bit dull. But while that might have been a weakness
pre-coronavirus, in current circumstances it’s just the ticket. Starmer is dependable and “doggedly
industrious”. We can expect him to pick apart Government mistakes “with legalistic precision”.
There are four years until the next election, said Nick Timothy in The Daily Telegraph – and we don’t
know how the virus will play out politically. But so far, the Tories are riding high at the polls. And
Prisoners released
Starmer has a clear Achilles heel. If you were a Labour candidate trying to regain a northern seat, Up to 4,000 prisoners will be
then “the three scariest words in the English language” would be “human rights lawyer”. “And that, considered for early release
to his fingertips, is what Sir Keir Starmer will always be.” But he’s also the son of a toolmaker and a in England and Wales to help
nurse, said Leo McKinstry in the New Statesman – not a typical “member of the metropolitan elite”. control the spread of the
This Government will be judged by the death rate, and by whether economic meltdown follows. coronavirus. Inmates with
That is far in the future – but “by backing Starmer, Labour has taken the first step back to power”. two months or less still to
serve – excluding those
convicted of terror offences,
Good week for: or violent or sex crimes –
Spirit of the age Potters Corner, which won the Grand National – in the virtual will be released on licence.
world. With the real race cancelled, the Welsh-trained steeple- Robert Buckland, the Justice
Anxious Britons looking for
Secretary, said that while the
reassurance and calm in chaser was awarded victory by an algorithm. Bookmakers
Government was committed
troubled times may be accepted small bets on the computer-simulated race, broadcast to seeing justice served, it
behind a surge in ratings on ITV, and donated their profits to NHS Charities Together. also needed to reduce the
for The Repair Shop – a TV
Renters in Brooklyn, after a local landlord who owns at least risk of outbreaks in jails,
show in which a team of
craftspeople carefully repair 80 apartments in the New York borough told his tenants he which could overwhelm the
wouldn’t be charging them any rent this month – and to look NHS. So far, 88 inmates and
a range of well-loved
out for their neighbours who might be struggling in the crisis. 15 staff have tested positive
objects (old dolls, broken
for Covid-19; three inmates
musical instruments) The show going on, after English National Opera announced have died.
brought in by members of that if it can’t use actors and musicians in its productions, it will
the public. Since it moved to use Lego figures instead. Scenes from past productions including
BBC One last month, some Universal credit surge
The Marriage of Figaro have been recreated by opera lovers and Some 950,000 people have
6.7 million people have
been tuning in to watch the
posted online under the Twitter hashtag ENOLegoChallenge. applied for universal credit
show, giving it a larger since 16 March, the
Department for Work and
audience than EastEnders. Bad week for: Pensions (DWP) said last
Airbnb, which was criticised for letting hosts advertise properties week. The scale of the
A couple in India have
as “Covid-19 retreats”. Government guidelines make it clear that applications is almost ten
named their newborn twins
Corona and Covid, in order holiday homes should only be used by self-isolating key workers; times the norm. The
to make the day they were however, there have been rumours of city-dwellers driving into applicants include people
born “memorable” and to the countryside in the dead of night, to stay in rural properties. who have been made
redundant or furloughed,
assuage the fear associated Animal lovers, who were advised to be wary of cats and dogs.
with the words. The babies, are self-employed, or have
So far, there is no evidence that humans can catch Covid-19 from had their pay cut. More than
a girl and a boy, were born their pets, but animals may carry the virus on their fur.
on 27 March, two days after 10,000 DWP staff have been
the country’s national
Cancer Research UK, which became the latest charity to warn redeployed to work on
lockdown came into force. that it is losing vital revenue, as a result of charity shops being processing the claims.
closed and fundraising events being cancelled.
Liverpool
Infrastructure attacks: Police have blamed conspiracy theorists for
a spate of suspected arson attacks on mobile phone masts in cities
including Liverpool, Birmingham and Belfast. At least 20 masts
have been torched or vandalised in the past week or so, possibly
as a result of baseless claims, circulating on social media, that
radiation from 5G technology makes people more vulnerable
to Covid-19. On Sunday, boxer Amir Khan became the latest
celebrity to air the theory. “Coronavirus,” he wrote on Instagram.
“Do you not think it’s anything to do with that 5G in these
towers that are going up?” The rumour has also been spread by
actor Woody Harrelson and talent-show judge Amanda Holden.
Llandudno, Conwy
Herd immunity: In brazen defiance of
the lockdown, wild Kashmiri goats have
been congregating in groups in the Welsh
resort of Llandudno. The herds of shaggy
beasts normally live on the nearby Great
Orme headland, and only occasionally
wander into town. Now, however, the
goats have been taking advantage of
traffic-free streets to venture in large
numbers into the centre, where up to 120
have been gathering to feast on hedges
and flowers. “They run Llandudno now,”
said one local. “We just have to accept that as fact.”
The Cotswolds
Holiday hotspots: Fears that hordes of second-home owners London
fleeing the cities would spread Covid-19 to rural areas may have Drivers at risk: A total of 14 transport workers, including nine bus
proved well-founded, according to data from the Covid Symptom drivers, have died after contracting Covid-19, raising fears that
Tracker, a health monitoring app which almost two million such workers are not being properly protected from infection. This
Britons have downloaded. The experience of its users suggests week, the Unite union said many of its members were “scared”. It
an overall infection rate in the UK of 4.9%. Rural areas tend to warned that drivers in the capital do not have sufficient access to
report lower-than-average rates, owing to cases being clustered sanitising wipes, and that many driver cabins have yet to be fitted
© TWITTER @ANDREWSTUART
around cities. However, in the Cotswolds, the Lake District and with protective Perspex screens. Health expert Dr John Ashton
Anglesey – all areas where there is a high proportion of second said it was vital that drivers be given masks. “Public transport
homes – infection is running at an above-average 5%-6%. workers should be afforded the same protection as NHS staff,”
Professor Tim Spector, the app’s lead researcher, says there are he said. Last week, with passenger numbers at a fraction of their
also signs of the trend in coastal Cornwall and Devon too. Some normal level, the Government announced extra funding for bus
local authorities called for roadblocks over the Easter weekend. companies in England to keep services on the road.
Vienna
Phased reopening: Austria, Denmark and
Norway have become the first European
countries to announce plans to start easing
lockdown measures. In Austria, small
businesses and garden centres have been
given permission to reopen next week.
Hair salons will be allowed to reopen from
the beginning of next month, and hotels
and restaurants from mid-May. However,
Chancellor Sebastian Kurz made it clear
that the lifting of restrictions depended on
citizens continuing to comply with physical
distancing measures, and staying at home
as much as possible until at least the end
of April. Austria entered one of the earliest
and strictest lockdowns in Europe. It
had reported 273 deaths by Wednesday
(around 30 per million of population). In
Denmark, which also entered lockdown
relatively early, primary and nursery
schools would reopen on 15 April. In
Norway, schools will reopen on 27 April.
Athens
Rome Virus reaches camps: Two migrant camps
Cases plateauing: There were signs this week in Greece have been sealed off, and placed
that the coronavirus outbreaks in Italy and under quarantined lockdown for 14 days,
Spain may have plateaued, and are now in an attempt to contain cases of Covid-19
beginning to ease. In Spain, the number of new diagnosed there. The Ritsona camp near
confirmed cases has been falling since 1 April, Thebes was locked down last week after
while the daily reported death toll peaked on 23 people tested positive for the virus, an
2 April at 961. In Italy, too, daily deaths have outbreak that was traced to a 19-year-old
been getting generally lower from a peak of 919 Cameroonian woman who’d been infected
on 27 March. “The curve has started its descent in a hospital in Athens, where she had
and the number of deaths has started to drop,” said the national health institute given birth. This week, the Malakasa
director Silvio Brusaferro. “If these data are confirmed [in the coming days], we will camp, about 25 miles north of Athens,
have to start thinking about phase two” – a reference to the easing of the country’s was also quarantined, after a 53-year-old
strict, month-long national lockdown. As in several European countries, Italy’s Afghan man tested positive. Around
government is making plans to use swabs and blood tests to determine who can 110,000 asylum seekers and migrants
return to work safely, in a phased process. are currently incarcerated in camps across
In Rome, Pope Francis inaugurated a “virtual” Holy Week with a Palm Sunday Greece; 40,000 of them are crowded into
mass held in an almost empty St Peter’s. “The tragedy we are experiencing summons insanitary centres on the islands of Lesbos,
us to take seriously the things that are serious,” he said – “to rediscover that life is of Samos, Chios, Leros and Kos – where the
no use if not used to serve others.” In Milan, the superstar tenor Andrea Bocelli said local health infrastructure is not remotely
he would be streaming an Easter concert from the city’s empty cathedral. adequate to cope with a serious outbreak
© AP
of the coronavirus.
Mexico City
Murder rate surges: Mexico’s murder rate reached an all-time
high last month, as a stay-at-home order imposed as a result of
Covid-19 failed to stem gang violence. A total of 2,585 homicides
were recorded in March, putting this year on course to break last
year’s record number of murders. “It’s business as usual [for the
cartels] with a risk of further escalation, especially if at some
point the armed forces are called away for pandemic control,”
said Falko Ernst, an analyst at International Crisis Group. There
has been a particular surge in violence in the central state of
Guanajuato, where rival cartels are fighting over the profits of
illegal taps from oil pipelines; stolen fuel is a major source of
income for the cartels.
Annapolis, Maryland
Kennedy deaths: Two members of the
Kennedy family drowned last week
when their canoe was swept out to sea
in Chesapeake Bay. Maeve Kennedy
McKean, a 40-year-old human rights
lawyer, and her eight-year-old son
Gideon had set out in the canoe to
retrieve a lost ball that had fallen into
the water. The Kennedy clan has been
cursed by tragedies going back decades.
Kennedy McKean’s grandfather, Robert
F. Kennedy, was assassinated in 1968,
five years after the assassination of his
brother, John F. Kennedy; their sister, Kathleen (Kick) Kennedy,
was killed in a plane crash in 1948; and JFK’s son, John
F. Kennedy Jr, died in a plane crash in 1999.
Wuhan, China
No new fatalities: China
reported no new Covid-19
deaths on Tuesday for the
first time since January,
and only 32 new cases, all
of them in people recently
arrived in the country. As
a two-month lockdown
was partially lifted, some
citizens of Wuhan were
finally allowed out of the
city, but 45 residential
compounds there had
their lockdowns reinforced
following the emergence
of asymptomatic cases. In
addition, Beijing extended
its temporary ban on
foreigners entering
both the mainland
and Hong
Kong.
schedules kept theem before he diied. felt equivalent to the former hunk of
John Prine, folk and
apart: Holliman He wanted to t ER, George Clooney, rushing to the
country singer, died
(right) was a reconnect, no ot just front of the plane screaming, ‘Hey, I’m 7 April, aged 73.
backing singer forr with me but with a doctor’, or Meryl Streep booting
Wham!, then one the rest of hiss family. Boris Johnson out of No. 10 because Leonard “Nipper” Read,
Kray twins detective,
half of the pop duuo He never got a she had once played the Iron Lady.” died 7 April, aged 95.
Pepsi & Shirlie, an nd chance to do sso.” Camilla Long in The Sunday Times
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Briefing NEWS 13
Surveying the history of human disasters, one thing stands out, says
Matthew Syed. The more threatening the disaster, “the greater the
The lust that lust for a scapegoat”. So it is in this crisis. “The chorus of vitriol”
always rages directed at those trying to handle it – both ministers and scientific
advisers – is ugly to behold. Nigel Farage demanded the sacking
during a crisis of Matt Hancock while the Health Secretary was still in isolation.
But it’s not just politicians. The scientists, too, seem seized by what
we might call the “Piers Morganisation of public discourse”: using
Matthew Syed inflammatory language at a time of hysteria to raise their profile.
Just weeks after Richard Horton, editor of The Lancet, had A Dalek has been spotted
The Sunday Times
warned against “fostering panic” over a virus of “moderate patrolling the streets of a
transmissibility”, he was damning the Government’s response as a Yorkshire village instructing
“national scandal”. The central truth is that nobody knows how residents to stick to social
this crisis will develop. In retrospect, we may wish we’d kept our distancing rules. “All
country open as Sweden has so far done: then again, Sweden may humans must keep indoors!
end up suffering a huge number of avoidable deaths without All humans must self-isolate!
mitigating the economic hurt. But the need to admit uncertainty in By order of the Daleks!”
trying to figure out what works is replaced by the lust to punish. the Doctor Who villain
The blame game is in full swing, and we should be ashamed of it. screeched as it zoomed along
the streets of Robin Hood’s
Is that it, then, for the old-fashioned office building? By forcing us Bay near Whitby. B&B
to work from home, has the virus helped us “slip the surly bonds”
Don’t say bye of our “glass and concrete cells” for good? That’s what many now
owner Louise Parker said
it was a “relief’’ to have
prophesy, says the FT. In the era of video-calling, team messaging
to office life and online document sharing, they argue, co-workers don’t need
the extraterrestrials on the
community’s side:
just yet to be in the same country, let alone the same building. And think
of the benefits of scrapping corporate HQs: no more vast rental A man who was caught
overheads, no more tiresome commutes. But hold up: what we’re speeding at 110mph on the
Editorial also discovering in this lockdown is that homeworking has big M1 in Leicestershire admitted
to police he was on a 240-
© MARTIN GODWIN/GUARDIAN/EYEVINE
drawbacks too. You can’t generate the same esprit de corps; you
Financial Times don’t get those surreptitious meetings from which creative ideas mile round trip from
Nottingham to London, with
often spring; video calls prove a poor substitute for face-to-face
his two children in the car.
conversations. The firms best able to run “virtual offices”, the big His reason for the journey?
US tech companies, are well aware of that. Far from shedding real He wanted to buy bread in
estate, they’ve invested in ever more luxurious campuses for their the capital, claiming it was
staff. We should follow their lead: rather than ditch our offices, we £1 cheaper there.
should think about how to make them more exciting places to be.
RUSSIA Where is Vladimir Putin? Where’s he gone? As Covid-19 sweeps the world, most leaders can be seen
addressing citizens on a near daily basis, says Vladimir Pastukhov. But Russia’s president seems to
Is Vladimir have disappeared. His only public address since the pandemic took hold was “uninformative” and
awkward: he framed the need for social distancing as a chance for a week-long holiday. Many took
Putin actually that literally, flocking to parks as the virus spread (the official case count of about 7,400 is thought
to be a drastic underestimate in a country of 146 million). Aside from the 2008 war with Georgia,
a scaredy cat? it’s the first national crisis in 20 years that Putin hasn’t personally managed. And with responsibility
delegated to mayors and governors, officialdom seems “paralysed”. Perhaps all this is a canny plan
MBK Media by Putin to let others take the blame as the virus takes hold. Perhaps it’s down to a pathological
(Moscow) dislike of sharing bad news. Either way, it’s fuelling rumours and questions over his leadership. No
doubt Putin will recover his nerve eventually, but these few weeks of silence “will not be forgotten”.
Is it too much to ask that rich countries such as the Netherlands help other EU members in their
THE NETHERLANDS hour of need, asks Carlijne Vos. Even before Covid-19 brought the world economy to its knees,
Where is EU southern European states such as Greece and Italy felt “abandoned” by Brussels. Thrifty northern
nations had already imposed “brutal” austerity measures on them after the eurozone crisis and left
solidarity when them to bear the brunt of the refugee crisis as migrants flooded their shores. Now, nine countries
(including France, Spain and Italy) have asked Brussels to create an emergency fund – dubbed
it’s needed? coronabonds – to help them deal with the pandemic’s economic devastation. But the Netherlands
and Germany, loath to underwrite other countries’ debts, rejected the plea – leaving their poorer
De Volkskrant counterparts to weather the storm alone. The Dutch response was especially “clumsy”, with Finance
(Amsterdam) Minister Wopke Hoekstra warning of the “moral hazard” of bailing out countries which had failed
to reform their economies. But the Dutch must understand that a global recession will hit us all;
having a first class cabin is no advantage on a sinking ship. It’s time the Netherlands and others
dropped this “selfish” attitude and showed the “solidarity” with EU allies which this crisis calls for.
“My mother is not expendable. Your mother is not expendable. We will not put a dollar figure on
UNITED STATES human life.” Thus spake New York Governor Andrew Cuomo last week, says Maureen Dowd, in
The national one of the regular televised briefings he now makes to the citizens of his state, coolly explaining the
facts of the Covid-19 crisis and talking through the reasons for the decisions he’s making. On this
shrink soothing occasion, he was rejecting a suggestion made by Texas’s lieutenant governor Dan Patrick that older
Americans might want to sacrifice themselves for the good of their grandchildren’s economy. Across
all our fears America, people have been tuning in: Cuomo has become “a sort of national shrink, talking us
through our fear, our loss and our growing stir-craziness”. In one affecting moment, he described
The New York Times being cooped up alone with his dog and fretted about the isolation of single people like himself. The
irony is that over his decades in politics, Cuomo won a reputation as “a cold, calculating pol” who
ruthlessly worked the levers of government while bulldozing any opposition. He has now turned
down calls for him to stand as a last-minute presidential candidate for the Democrats, but he has
undoubtedly become the unlikely leader that America needs at this “horror-movie moment”.
Kenya’s slums are mobilising to protect themselves from the coronavirus, says Kennedy Odede.
KENYA I grew up in Kibera, the biggest slum in Nairobi, so I know first-hand how easy it is for illness to
spread there. I shared, with my parents and seven siblings, a tiny shanty made of “iron-sheet walls
“We shared patched with cardboard to cover the holes”, with a strung-up sheet separating the bedroom area
one toilet with from the kitchen area. There was “no concept of ‘personal space’ or ‘alone time’”, because we could
hear our neighbours a foot away in the next shack, and we shared one toilet with 50 families. That’s
50 families” why, aged 15, I founded Shining Hope for Communities (Shofco), an anti-poverty group that now
works in 11 informal settlements. Its members have set up hand-washing stations at every slum entry
Daily Nation point, and we’re going door-to-door distributing bleach, hand sanitiser and homemade soap. Shofco
(Nairobi) is now checking people’s temperatures, referring potential cases to the authorities and helping to
quash false rumours. But we shouldn’t have to do this all on our own. “We need to feel the presence
of the government, and the private sector, on the ground, working with us to combat this crisis.” If
we can’t keep the disease from decimating our poor, Kenya’s health crisis will turn into class warfare.
President Trump’s tendency “to trust his gut over the experts”, be it over vaccines or climate change,
UNITED STATES probably springs from self-regard rather than religious conviction, says Katherine Stewart. But he’s
The Christian “perfectly in tune with the religious nationalists who form the core of his base” nonetheless. Hostility
to science is a key feature of America’s religious Right, and that hostility is “crippling” our response
Right has put to the coronavirus. Listen to self-styled apostle Guillermo Maldonado, who hosted Trump earlier
this year at a campaign event at his Miami megachurch. “Do you believe God would bring his
us all in danger people to his house to be contagious with the virus?” he asked his flock last week, as he urged them
to show up for worship services. “Of course not.” Florida pastor Rodney Howard-Browne, who has
The New York Times been violating social distancing orders by holding packed church services, mocked all those worried
about the coronavirus as “pansies”. True, not every pastor behaves so recklessly, but Trump gains
politically by echoing those who do. He rose to power with the help of an evangelical movement that
disdains expertise, science and government. Now “we are reaping what that movement has sown”.
The Gatekeeper
by Kate Fall Novel of the week
HQ 272pp £16.99 My Dark Vanessa
by Kate Elizabeth Russell
As David Cameron’s long-time deputy 4th Estate 384pp £12.99
chief of staff, Kate Fall sat directly
outside his office, “deciding who This debut, about a teenager’s relationship
could and couldn’t have access to with her middle-aged teacher, has been billed as
the PM”, said Ailbhe Rea in the New “the most controversial book of the year” said
Statesman. Cameron’s “gatekeeper” Holly Williams in The Observer. Yet it strikes
has now turned memoirist, providing “Chums”: Cameron, Fall and Osborne me as a “level-headed portrait” of the conflicted
a fluent and engaging account of her feelings that can attend sexual abuse. Narrator
time at No. 10. It’s a work, perhaps, that will do little to dispel the Vanessa is 15 when she develops a crush on her
“chumocracy” stereotype of the Cameron government. The drama plays out 42-year-old English teacher, Mr Strane. They
across a series of grand houses – London pads and official residences. The begin a sexual relationship, which she
protagonists continually socialise together, and become godparents to one experiences as a “grand romance” – a script she
another’s children. Yet Fall (who first got to know Cameron at Oxford) makes doesn’t even deviate from 17 years later, when
a convincing case that rather than simply entrenching privilege, all this actually she learns of an accusation against him from
“created a foundation for effective, smooth operations”. The sense of unity only another former pupil. “As a work of fiction,
dissolves in the run-up to the EU referendum, when Michael Gove’s decision to My Dark Vanessa is absolutely gripping” – a
campaign for Leave turns him from “clown to villain”, and sounds the “death “brilliant depiction of how grooming feels from
knell of the Cameron project”. the inside”.
Fall emerges from this “fast-paced” memoir as a “thoroughly likeable and I disagree, said Johanna Thomas-Corr in The
loyal person”, said Robert Shrimsley in the FT. Yet had she been less “devoted”, Sunday Times. The best fiction about sexual
her book would have been more interesting. This is a work that “preserves the harassment “revels in confusion and doubt”.
omertà of a group of friends who end up running the country”. Even so, her Here, Strane’s grooming of Vanessa is so
account captures “exactly what it was like” to serve in Cameron’s government, “straightforwardly creepy” that it’s clear exactly
said Julian Glover in the London Evening Standard. I myself had a “short and what you’re supposed to think. “Marrying
not very glorious spell” working for it, and Fall brings back the sounds and slushy erotica (‘I’m soft-belly vulnerable’)”
smells, the “dented decency”, the “pushy men and families juggling childcare”. with an opportunistic “eye on the commercial
The best books on government tend to be “written by those who can watch as zeitgeist”, this novel produces an “icky feeling”.
well as do”. This “compelling” memoir shows that Fall belongs in that category.
The Week Bookshop is temporarily closed owing to the Covid-19 pandemic
We will endeavour to fulfil all outstanding orders, but cannot take any new orders at this time.
We would like to take this opportunity to thank all our customers for their ongoing support.
Containing songs that “nestle in heartache “Is it wrong, right now, to be as happy as “Everything the Icelandic klaviertiger
and bask in hard-won wisdom”, this Dua Lipa’s second album makes you?” At touches sounds freshly conceived,” said
stunning record is in my view the best a time when the whole world is weighed Hugh Canning in The Sunday Times. After
album of the year so far, said Ben down by worry, said Chris Willman in thrilling with Bach and Philip Glass, Víkingur
Beaumont-Thomas in The Guardian. The Variety, the 24-year-old Londoner has gifted Ólafsson now turns his attention to a
Alabama singer-songwriter Waxahatchee us “one of the best disco albums” since selection of Debussy’s piano works, and
(real name Katie Crutchfield) has dropped Donna Summer – a giddy “elation-maker” to Rameau’s Pièces de clavecin (pieces
the indie-rock of her previous collection, that is guaranteed to get you dancing. for harpsichord) – and the results are
Out in the Storm, and embraced the There are echoes of Chic, Prince and “exhilarating“. In Ólafsson’s hands, each
“Americana and country-rock” of her native Jamiroquai in Lipa’s funky, uplifting sound. piece “sounds like a brightly polished
region. The resulting songs, which measure If you’re on lockdown, you might want to jewel”, his fingerwork evoking the “plucked
up to those of Bob Dylan, are beautiful and listen on “corded headphones to keep you sound” of the harpsichord in the Rameau,
gripping – none more so than Ruby Falls, a tethered from dancing out the door”. and his “impressionistic flourishes in
“frank, poetic valediction” to a former lover. On her debut album, Lipa sang songs Debussy’s Préludes complementing each
I mean it as a compliment when I say about her recovery from a break-up; since other to perfection”.
that “there’s always something tempering then, it seems she has “bounced back and I enjoyed his Rameau pieces, said Andrew
the beauty” of this music, said Alexandra taken control”, said Neil McCormick in Clements in The Guardian. His “clarity, crisp
Pollard in The Independent. Crutchfield The Daily Telegraph. Don’t Start Now is rhythmic articulation and unselfconscious
offers “luscious melodies”, but they are a “fantastic put-down of a needy ex”; stylishness are all admirable”, albeit a
© RICHARD KOEK/REDUX/EYEVINE
undercut by “a lingering unease” – as is Good in Bed a “saucy celebration of a touch “relentless” on occasion. But I’m
“sentimentality by steeliness”. It recalls love-hate affair”. Even minor tracks such afraid I found his Debussy pieces much
Dylan but also Lucinda Williams. Written as Cool and Hallucinate are full of energy less convincing – “prosaic”, even. If you’ve
just after the singer decided to get sober, and sensual fun, while the “monsters”, listened to Debussy’s truly great interpreters
Saint Cloud “offers up a sort of gradual such as Physical and Pretty Please, are (such as Arturo Benedetti Michelangeli or
unmasking”. Lyrically and musically, it’s “going to have Gaga pulling her pop Krystian Zimerman), you’ll feel the lack of
a five-star triumph. socks up”. a “whole dimension” of colour and nuance.
The Week’s own podcast, The Week Unwrapped, covers the biggest unreported stories of the week (available on Apple and Google)
THE WEEK 11 April 2020
Art & Culture NEWS 29
If you invest in a virtual reality headset (from brands such as Vive Closer to home, Stonehenge, Edinburgh Castle and Chatsworth
and Oculus) there are some extraordinary immersive experiences House are among the historic sites offering virtual tours, said
to be had, said Toby Skinner on BBC Travel. The Everest VR Lisa Walden in Country Living. And anyone stuck at home,
tour, for instance, is “an hour-long recreation” of a climb up the and pining for a glimpse of the sea, can even gaze at the beauty
world’s highest peak. You attend an incense-burning ceremony, of St Ives beach. Some London attractions allow online visitors
run through your kit at Base Camp and cross deep crevasses. The into spaces that are normally closed to the public, said Harry
ascent is so dizzying, you may be left feeling slightly queasy. But Fletcher in the London Evening Standard. No. 10 Downing
it’s remarkable what you can see and feel without expensive kit, Street, for instance, has an online experience that grants the
said Antonia Wilson in The Guardian. The panoramic views of public access to areas that are normally only open to the Prime
Paris from the top of the Eiffel Tower on Google’s Eiffel Tower Minister’s inner circle. On 360.VisitLondon.com, there are 360º
tour are fabulous; it also has a digital exhibition that explores the views of landmarks including Tower Bridge, King’s Cross station
structure’s construction. But even better is YouVisit.com’s virtual and the Royal Albert Hall. Londoners and regular visitors might
trip to Machu Picchu, the Incan city perched high in the Andes. think these sound a bit dull, but there is something to be said for
It has a voice-over guide that includes information on the site’s seeing, through the eyes of overseas tourists, the great buildings
architecture and history, and some intriguing details: among that in ordinary life, we have tended to take for granted.
Devs New atmospheric thriller series written Happy-Go-Lucky (2008) Mike Leigh’s Where to see...
by Alex Garland. In a Silicon Valley of the near Oscar-nominated comedy drama stars Sally Launched in 2018, the arts
future, a young AI coder is found dead after his Hawkins as a relentlessly sunny primary school and culture streaming service
first day on a new project at a shadowy tech teacher. Mon 13 Apr, Film4 22:45 (140mins). Marquee has come into its
company. Wed 15 Apr, BBC2 21:00 (60mins). own as lovers of live theatre,
New to subscription TV opera, ballet and dance look
Rebuilding Notre Dame: Inside the Great Save Me Too Lennie James’s acclaimed thriller for digital substitutes. The
Cathedral Rescue A year on from the fire, this returns for a second series. Seventeen months on, platform has performances
film follows the team struggling to save what Nelly (James) is still haunted by the disappear- from the Royal Opera House,
remains of Paris’s great cathedral. Wed 15 Apr, ance of his estranged daughter. On Sky Atlantic. the RSC, the West End and
BBC4 21:00 (60mins). the Bolshoi, and also features
Run This new show from Fleabag duo Vicky commentaries and interviews.
Grayson’s Art Club From his studio, Grayson Jones and Phoebe Waller-Bridge sees old college Marquee.tv; 30-day free trial,
Perry is leading art masterclasses, in the hopes flames reunite for a spontaneous trip across the then £8.99 per month.
that viewers will use newfound free time to US. From 15 April, on Sky Comedy.
▲
Salisbury Road,
Worcester Park.
A unique art deco-
influenced Grade II
home, designed by
Connell, Ward and
Lucas in 1937. A
private, gated house,
this was originally
designed to be able
to be split into two
apartments. Master
bed with dressing
room, 3 further
beds, family bath,
shower, kitchen,
dining/recep,
1 further recep,
detached studio
room/summer
house, west-facing
garden, off-street
parking, shed.
£915,000;
Hamptons
International
(020-3369 4380).
▲ London: Westpoint, 39-40 Warple Way, Chiswick W3. This former photography
studio on the first floor of an art deco building is currently in the process of getting
residential status, and benefits from high ceilings and plenty of natural light. 1 bed,
shower, kitchen/dining room, recep, store room, guest cloakroom, lift access, intercom,
secure parking. £625,000 share of freehold; Hamptons International (020-8987 8444).
London: Dorset
▲
House, Marylebone,
NW1. A ground
floor studio
apartment in this
popular portered art
deco-style building
in Marylebone, close
to Regent’s Park and
Baker Street. The
341-square-foot flat
has been redecorated
throughout and has
wooden floors and
modern fixtures
and fittings, plus
direct access to
a communal
courtyard. 1 bed,
open plan kitchen/
recep, shower.
£495,000 leasehold;
Marsh & Parsons
(020-7935 1775).
▲
Poole. A distinctive 1930s art deco home with
panoramic views over the treetops of Lower
Parkstone to Poole Harbour. Outstanding entire
top floor master suite with walk-in wardrobe and
full-length southwesterly balcony, guest suite, 3
further beds, family bath, kitchen/breakfast/dining
room, further double recep with conservatory
area, integral garage/utility, hall, cloakroom, rear
garden with a vine-covered dining area, garden
kitchen area and split-level deck, carriage
driveway, garden office, timber shed. £1m;
Hearnes via OnTheMarket.com (01202-377377).
London: Aubrey
▲
Walk, Kensington,
W8. Set over 4
floors, this modern
house in the art
deco-style was
created from
combining 2 houses
into a broad-
fronted residence
ten years ago.
Master suite with
anar s re: r ng recep and walk-in
▲
Essex: The
▲
Round House,
Frinton-on-Sea.
A Grade II house
designed by
renowned British
architect Oliver Hill
in the early 1930s,
which has been
sympathetically
restored and has
views over the
seafront. Master
suite, 2 further beds,
family bath, shower,
kitchen/dining
room, 1 further
recep, hall, study,
veranda with water
feature, garden, ▲ London: Exeter House, Putney Heath, SW15. A bright and spacious
garage, driveway. ground floor flat in this 1930s art deco building on Putney Heath. Master
£950,000; Fine & suite, 2 further double beds, family, kitchen with doors onto the communal
Country (01206- gardens, double recep, hall, porter, estate manager, tennis courts, off-street
878155). parking. £725,000 leasehold; Chestertons (020-8246 5959).
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LEISURE 35
Food & Drink
No “boom” for restaurant apps No delivery (and often collection), you “can
one doubts that the coronavirus pandemic still eat and drink like a gourmand”, said
is a disaster for Britain’s hospitality Holly O’Mahony on Culture Whisper. Try
industry, says the FT. But one sector, at the Supper London app for a range of
least, was expected to do well out of the delivery options in central areas. Pidgin, in
crisis. With a nationwide lockdown, and Hackney, is offering a three-course nightly
online grocery services overwhelmed with supper for collection (make sure to order
customers, conditions seemed ripe for a well ahead). For excellent produce, the
“boom” in delivery apps such as Uber Natoora app, which is normally trade-
Eats, Just Eat and Deliveroo. Yet the early only, is now delivering to domestic
signs are that this is not happening. In the customers.
first weeks of the lockdown, industry
insiders reported a significant fall-off in Chefs take to Instagram Chefs who
total orders – in some places, by as much have been forced to close their restaurants
as two-thirds. The slowdown may be are occupying themselves by offering
partly related to anxieties over infection: online tutorials, says Anna Berrill in The
“people are super-scared”, one executive Guardian. The “Instagram cook-along
reported. The virtual disappearance of Massimo Bottura invites you round craze” was kickstarted in Italy, by
lunchtime office orders has also hit the Massimo Bottura, of the Michelin three-
sector hard. But the biggest problem by the practical difficulties of delivering high starred Osteria Francescana in Modena.
far is thought to be the departure of the end dishes to the home – and realising, His nightly live streams – partly in English
well-known brands that until now have perhaps, that what people most crave in – of his family meal prep have attracted
provided the majority of the apps’ a crisis is comfort – various fine dining hundreds of thousands of viewers. Now,
traffic. Many larger chains, including establishments have reinvented themselves the London baking school Bread Ahead is
McDonald’s, Greggs, Nando’s and as providers of simple, homely fare. streaming tutorials on the platform at 2pm
Wagamama, have opted to close, rather Merienda, in Edinburgh, which normally daily. For pasta masterclasses, try Officina
than provide slimmed-down delivery specialises in “Mediterranean-inspired 00’s tutorials at 5.30pm (ingredients are
services. Smaller restaurants have rushed small plates”, is serving, on Wednesdays posted the day before). Natural fast-food
to sign up with the apps – but it will be a and Saturdays only, a “social distancing chain Leon (which has converted some of
challenge for them to fill the hole left by menu”, with aubergine parmigiana, bœuf its restaurants into mini-supermarkets) is
the big-name chains. bourguignon and other classics available in broadcasting live cook-alongs to inspire
portions of up to four. People in the Bristol week-night meals. And for those who
Delivery options in lockdown area craving Michelin-starred cooking can fancy a higher-level challenge, chocolatier
Restaurants aiming to keep trading have order from acclaimed pub The Pony & Paul A. Young is running a four-week
been forced to display considerable Trap: their chicken casserole with mash online course, The Art of Chocolate
ingenuity, said Alice Hancock and Antonia for four costs £28. In London, with many Making. Available via Learning with
Cundy in the same paper. Responding to more restaurants and shops offering Experts, it costs £29.
20 saffron threads 300ml hot milk 500g strong (bread) flour 1 tsp salt 150g unsalted butter, diced, plus extra to grease
50g soft brown sugar 2 tsp dried active yeast (7.5g sachet) 60g currants 40g mixed dried fruit or mixed citrus peel
1 tbsp plain flour, for dusting 1 egg, lightly beaten
• Stir the saffron strands into the hot milk and flour, which helps to prevent it sinking to the
leave to infuse for 1-2 hours. bottom during baking. Add the fruit to the dough
• Combine the flour and salt in a mixing bowl. in two stages, kneading well after each addition.
Rub in the butter with your fingertips to form Grease a 20cm x 10cm loaf tin with butter.
fine crumbs. Stir in the sugar evenly then make • Transfer the dough to the prepared tin and
a well in the middle of the dry ingredients. cover with a tea towel. Set aside in a draught-
• Reheat the milk to blood temperature (there’s free spot for 1-1½ hours, or until doubled in size.
no need to strain out the saffron threads, as Don’t be tempted to speed up the proving time
they look so pretty). Combine a few tablespoons by sticking it on top of a radiator. Preheat the
of the milk with the yeast and mix to a slurry. oven to 180°C.
Stir in the remaining warm milk and then tip all • Once the dough has risen, brush with the
the liquid into the dry ingredients. Use your beaten egg and use a sharp knife to slash the
hands to work the mixture into a dough, then surface, if you wish. Bake for 50-60 minutes, until
transfer to the bowl of a stand-mixer. the top is golden brown. The base of the loaf
• Knead with the dough hook on a slow- should sound hollow when tapped. Remove
medium speed for 10 minutes, or until the from the tin and cool on a wire rack. Allow the
gluten has developed and the dough is smooth cake to rest for an hour before slicing and
and satiny. Toss the dried fruit with the extra serving with butter and home-made jam.
© ALAN BENSON
Taken from New Feast: Modern Middle Eastern Vegetarian by Greg and Lucy Malouf, published by Hardie Grant at £20.
Your call may be recorded for training or monitoring purposes. Issued and approved by Baillie Gifford & Co Limited, whose registered address is at Calton
Square, 1 Greenside Row, Edinburgh, EH1 3AN, United Kingdom. Baillie Gifford & Co Limited is the authorised Alternative Investment Fund Manager and
Company Secretary of the Company. Baillie Gifford & Co Limited is authorised and regulated by the Financial Conduct Authority (FCA). The investment
trusts managed by Baillie Gifford & Co Limited are listed UK companies and are not authorised and regulated by the Financial Conduct Authority.
CITY CITY 39
Companies in the news
...and how they were assessed
Debenhams: I will survive
Filing for administration has become quite the norm at Debenhams, said Jonathan
Eley in the Financial Times. In a bid “to avoid legal action by creditors to liquidate the
business”, the ailing department-store chain – founded as a single London drapery store
in 1778 – has embarked on “its third insolvency process in a year”. Debenhams went
through a “pre-pack” administration last April, which resulted in its shares being
delisted and lenders taking control. It then used another form of insolvency – a company Seven days in the
voluntary arrangement – to obtain rent cuts and allow it to close the worst-performing Square Mile
shops. “They’re an optimistic bunch at Debenhams,” said Nils Pratley in The Guardian.
Management described this latest “lockdown administration” as being of the “light Markets, led by the US, seized upon
touch” variety – claiming “normal trading will resume when shoppers are allowed to news that the human health crisis might
be levelling off and continued their rally.
return to high streets”. Strange as it may sound, “Debenhams probably will live to fight
Capital Economics forecast that the UK
another day”. Most of its 22,000 staff can be put on the Government’s furlough scheme; could suffer a 15% drop in GDP this
“and, since even mighty Primark isn’t paying its rent, landlords can be told to go whistle quarter: the largest contraction on
for a couple of months”. Do not, however, “mistake survival for prosperity”. This is record. IHS Markit’s March survey of
“more akin to an exercise in financial damage limitation” for Silver Point Capital, the US Britain’s crucial services sector recorded
hedge fund now in control. For the hedgies, it’s a case of “roll the dice again, keep the the fastest decline since the survey
business alive and hope that something turns up”. began. The decline was even worse
in mainland Europe. Morgan Stanley
Plus 500: marvellous meltdown predicted the fall-out in the US would
be “more drawn out than previously
The market volatility over the past six weeks has created “a trading boom, with soaring
anticipated, marked by a deeper drop
daily trading volumes across global exchanges”, said Cat Rutter Pooley in the FT. One of into recession and slower climb out”.
the major beneficiaries has been the online spread-betting group Plus 500. The London-
The oil price made record gains,
listed financial betting platform has reported an almost 500% jump in first-quarter
jumping more than 35% to above $30/
revenues, year-on-year, to $317m – equivalent to 89% of its total revenue in 2019. The barrel, after President Trump tweeted
trading platform, set up by five Israeli friends, offers contracts for difference (CFDs) – that he had brokered a deal that could
bets on a price going up or down – on a range of stocks, indices and commodities, said see Russia and Saudi Arabia cut back
Jim Armitage in the London Evening Standard. The firm’s punters appear to be gluttons on production and end their price war.
for punishment: “on average, 80% of investors betting through the platform lose Tesco reported that panic-buying,
money”, yet “they keep coming back for more”. In the quarter just ended, “customers which drove UK sales up by a third, has
piled in and lost record amounts gambling against price falls”, generating a whopping subsided, but admitted it couldn’t meet
profit surge of 1,836%. Plus 500 points out that the firm “can lose as big as it wins if demand for online grocery shopping
bets don’t go its way” – it was badly holed, for instance, by the bitcoin bubble. Still, this despite increasing capacity by 20%.
time round, it has emerged as “the clear winner from the markets meltdown”. The Resolution Foundation predicted
that more than nine million UK
Angling Direct: tickled by tackle workers would be furloughed under the
Government’s scheme. Airbnb raised
“Keep calm and carry on painting” appears to be the mantra now adopted by plenty of more than $1bn from investors to tide
people facing the challenge of maintaining sanity under the lockdown. That’s a boon for it through the crisis. Rolls-Royce, the
DIY stores such as Kingfisher-owned B&Q and Screwfix, which have remained open aerospace firm, ditched its dividend for
during the coronavirus crisis. But the real “puzzler”, said Alistair Osborne in The Times, the first time since it was privatised in
is why Angling Direct is reporting such “robust” online sales. Does fishing really count 1987. Directors at WeWork launched
as daily exercise? It’s hard to imagine anyone getting away with that line, especially legal proceedings against the company’s
“with so many busybody coppers about”. So what can account for the retailer’s uptick? backer, SoftBank, for withdrawing from
“Are people just spending the day looking at their tackle?” a $3bn rescue deal.
T
HIS IS WITHOUT precedent. Our thoughts
and thanks are with those, especially in
the NHS and other hard-pressed services,
who are still having to go out to work. For our part,
our hunters are well equipped to deal with unforeseen
crises and their impact on the financial landscape.
Agile and fleet of foot they remain constantly active,
adapting their portfolios to circumstances as they
arise. You see, experience has taught them that above
all calm determination is called for as events unfold,
both abroad – and at home.
Capital at risk
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Talking points CITY 43
Issue of the week: the battle over “coronabonds”
The Covid-19 pandemic has reopened old wounds in Europe. Can the EU avoid another debt crisis?
“Fans of globalisation aren’t having a s400bn”. Countries in the opposition
very good crisis,” said Russell Lynch in camp, led by Germany and the
The Daily Telegraph. Every day seems Netherlands, are unwilling to back loans
to bring a new international row as to nations whose spending they can’t
“countries make an undignified easily influence. Sound familiar? The fear
scramble for vital supplies”. Germany is that, unless the EU takes “the step of
accused the US of “modern piracy” deeper integration” via coronabonds,
when it intercepted face masks bound there’s a risk of repeating the 2012
for Berlin. But Europeans are “scarcely eurozone sovereign debt crisis, which
in a position” to pass moral judgement. nearly sank the euro.
While the mortuaries were filling up in
Spain and Italy a few weeks back, “the “We all need to recover at the same
Élysée Palace’s mini-Napoleon, speed,” observed France’s finance
Emmanuel Macron, requisitioned minister, Bruno Le Maire. “Nothing
France’s stocks of surgical masks and could be worse for Europe than for some
equipment”. Bear this in mind the next “A moment of truth”: is the EU losing Italy? states, because they are richer, to get off
time you hear a lecture on solidarité to a quick start, while others, because
“from our European friends”. they cannot afford it, start slowly.” With 17,000 dead in Italy
“and an economy in freefall”, the stakes are certainly high, said
Still, as ever, the really big battle in Europe is over cash, said David Dawkins in Forbes. And political tensions are mounting.
Bruno Waterfield in The Times. At a key meeting this week, Indeed, there are already signs that Italian faith in the EU has
eurozone finance ministers failed to agree on how to fund a been damaged, said the FT. In a survey conducted by Tecnè last
coronavirus economic-recovery package – despite pleas to put month, 67% of respondents said they believed being part of the
“traditional divisions between the richer north and the poorer union was disadvantageous to Italy; meanwhile, “German-Italian”
south behind them”. The most divisive subject is the issuing of tensions are running high. The prospect of “Europe losing Italy”,
so-called “coronabonds” – allowing struggling eurozone states though still unlikely, has raised its head. The EU now faces “a
to fund themselves with debt guaranteed by the bloc as a whole. moment of truth”, according to Santander chairman Ana Botín.
Italy, Spain, France and six others are pushing for the EU to “The test is very simple: do all member states believe we are in
create a mutual “post-pandemic economic recovery fund worth this together? I hope the answer is ‘yes’. But the clock is ticking.”
CEO
.OTTOM SILKS.COM
THE WEEK 11 April 2020 To advertise here please email classified@theweek.co.uk or call
Nicholas Fisher on 020 3890 3932 or Henry Haselock 020 3890 3900
Shares CITY 45
Market summary
Key numbers for investors Best and worst performing shares Following the Footsie
7 April 2020 Week before Change (%) WEEK’S CHANGE, FTSE 100 STOCKS
FTSE 100 5704.45 5671.96 0.57% RISES Price % change
FTSE All-share UK 3141.28 3107.42 1.09% M&G 130.05 +15.50
8,000
Dow Jones 23278.30 22421.62 3.82% Glencore 141.48 +14.28
NASDAQ 8025.53 7827.45 2.53% Intermediate Cap. Grp. 1023.00 +14.11
Nikkei 225 18950.18 18917.01 0.18% Intl. Cons. Airl. Grp. 242.70 +12.83
7,000
Hang Seng 24253.29 23603.48 2.75% JD Sports Fashion 514.80 +12.48
Gold 1648.30 1618.30 1.85% FALLS
Brent Crude Oil 33.12 26.37 25.60% Centrica 32.38 –14.97 6,000
DIVIDEND YIELD (FTSE 100) 5.05% 5.20% Whitbread 2654.00 –12.41
UK 10-year gilts yield 0.41 0.35 SSE 1157.00 –11.34
US 10-year Treasuries 0.78 0.69 Carnival 874.80 –10.86 5,000
UK ECONOMIC DATA Pearson 498.50 –9.79
Latest CPI (yoy) 1.7% (Feb) 1.8% (Jan)
BEST AND WORST UK STOCKS OVERALL
Latest RPI (yoy) 2.5% (Feb) 2.7% (Jan) 4,000
Tullow Oil 27.44 +155.85 Nov Dec Jan Feb Mar Apr
Halifax house price (yoy) +3.0% (Mar) +2.8% (Feb)
Billing Services Gp. 0.60 –80.00
6-month movement in the FTSE 100 index
£1 STERLING $1.212 E1.116 ¥131.838 Source: Refinitiv (not adjusted for dividends). Prices on 7 April (pm)
To advertise here please email classified@theweek.co.uk or call 11 April 2020 THE WEEK
Nicholas Fisher on 020 3890 3932 or Henry Haselock 020 3890 3900
50 Marketplace
WANTED!
VINTAGE
WATCHES BY
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THE WEEK 11 April 2020 To advertise here please email classified@theweek.co.uk or call
Nicholas Fisher on 020 3890 3932 or Henry Haselock 020 3890 3900
Crossword 51
THE WEEK CROSSWORD 1204 This week k’s winner will receive an
An Ettinger travel pass case and two Connell Guides will be given to the sender of the Ettinger (eettinger.co.uk) travel pass
first correct solution to the crossword and the clue of the week opened on Monday 20 April. ca
ase (asso orted colours), which retails
Email the answers, either as a scan of a completed grid or a list of answers, with the subject att £105, an
nd two Connell Guides
line The Week crossword 1204, to crossword@theweek.co.uk. Tim Moorey (timmoorey.info) (c
connellgu uides.com).
1 2 3 4 5 6 7
ACROSS DOWN
8 9
1 Finance Department embraces 2 Conservative one to admit reckless
new meter gear (13) lie? Could be Johnson (5)
10 Type of seat I’ll get one on after 10 11
3 Exclusions from outsize housing
parking (7) assignment (9)
11 Feeling close to peace 4 Self-important people doing
movement (7) wrong in Tunis after vacation (3,4)
12 After one disembarked, coaches 5 Choose artist for a Greek 12 13
left entrance (9) heroine (7)
13 German car first for online 6 One part of brain showing up
sound system (5) serious complaint (5)
14 A snack provided by Tijuana 7 Not very good trader hit badly (5-4) 14 15 16 17
chophouse? (5) 8 Boots could profit from this
16 Keys for where astronauts personal service maintenance (4,3,6)
might have a drink? (5-4) 9 Angry about new Tory team being
18 Spongers seen in military uncaring (13) 18 19 20 21
places? (9) 15 Flower people hiding under
21 Do adore a mountain nymph (5) vehicle (9)
22 Sounds like UK city is ahead (5) 17 Obscure things floating to sea
24 Jane’s man from Kentish Town (9) around Morecambe? (9)
22 23 24 25
26 Equipment mostly used in slippery 19 Huge rush to hire outside right (7)
slope (3,4) 20 Salmon buffet on view (7)
27 Snob is taken in by silly title (7) 23 Rung and talked (5)
28 Where you often find shoes 25 Test of little importance after six
tight (5,3,5) eliminated (5) 26 27
28
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