Claims by Liz Truss, the international trade secretary, that the UK’s biggest independent trade deal with Korea hit the ” gold standard” are ruthlessly exposed by a House of Lords committee. The full story on Byline Times here reveals that government’s claims we would be better outside the EU for trade are suspect – and ministers don’t want them properly scrutinised by Parliament.
Very informative report from the National Audit Office out today on the state of fracking and how it is being held back by unprecedented numbers of protestors and objectors. Read the story here.
The Royal Society has issued a dire warning that the UK is already suffering a big drop in science funding from the EU because of Brexit.- MPs in Parliament warn it could get even worse contrary to claims by Boris Johnson. Full story here
The row over whether hedge fund and City trader backers of Boris Johnson could make hundreds of millions of pounds by speculating on a No Deal Brexit reached Parliament today when the government was challenged by the Opposition parties to explain whether this amounted to a conflict of interest or breach of the ministerial code by the PM. Read the full tale on Byline Times.
Given the enormous interest into Johnson’s determination to leave the EU on October 31, there are questions about the huge hedge fund and City trader financial backing for his leadership campaign this deal when they stand to make billions of pounds on shares and the potential collapse of the pound. Read my story on Byline Times here.
Whitehall is condemned yesterday by a powerful all party committee of MPs for being over secretive over the award of nearly £100m of management consultants contracts to handle Brexit.
The Commons Public Accounts Committee accuses Whitehall of breaching government guidelines in making public contract details, awarding nearly all the work to just six companies and covering up some of the contracts.
Full story on Byline Times.
Imagine being dropped in the centre of a huge, unfamiliar vibrant place like Ho Chi Minh City without any local currency or understanding the language. The first thing you might do is look for an ATM to get some local cash. But there is not one in sight.
Then a friendly young guy on a motor scooter who speaks English suggests he can direct you to one which turns out to be round the corner.
You successfully get the money. Then he asks for payment. In the end You give equivalent of £3 and he goes away. As a tourist to the city this happened to me. I was politely fleeced.
The incident is symbolic of the current state of affairs in Vietnam. The loss of £3 was not a huge matter for me but it was a small fortune for him. It illustrates both the gulf between first world tourists and third world countries and the internal divide between the rich and poor in an emerging nation like Vietnam.
The young motor scooter rider is one of the enduring features of Ho Chi Minh City.There are thousands of them desperate and anxious for work and they dominate the roads and the pavements. Trying to negotiate a wheelchair along the pavements I found they were my main competitors for the few ramps that made the streets accessible. The traffic in the city is anarchic and you take your life in your hands to cross the road. Many of scooter riders use the ramps for the disabled to mount the pavement to avoid being held up by traffic lights.
They are at the bottom of a very large pile with shoe shine cleaners and people selling fans to tourists. At the top are wealthy entrepreneurs and property developers in the new Asain tiger.
And a visit to Ho Chi Minh city and a popular seaside resort Nha Trang confirms this. Both are booming with new tower block offices and apartments in the former Saigon and new multi storey hotels in the seaside town.
Ho Chi Minh City still has a number of its original French colonial buildings including the old post office, a Roman Catholic cathedral and an opera house that would not look out of place in Paris.But any idea that the writ of Macron runs here is out of the question. France has left an architectural legacy but not much else.
Instead it is the Japanese,Chinese, Americans and British ( in the shape of banks like HSBC and accountants like KPMG) that dominate the city alongside growing new Vietnamese entrepreneurs.
In Nha Trang a seaside resort that was a favourite relaxation destination for US troops during the Vietnam war it is US and Japanese hotels that are dominating the seafront with at least six new tower block hotels under construction when I visited.
After the American troops left it became a holiday destination for the Russians and Chinese. Now it is seeking a wider tourist market from Asia and even Europe. The resort is not just a cruise ship destination but a major tourist centre in its own right.
The present beautiful uncrowded beach could in future become as crowded as one on the Costa del Sol.
Small shacks with corrugated roofs are cheek by jowl with new luxury hotels in Nha Trang. And in Ho Chi Minh City huge swathes of modern apartments are going up in the city centre which are well beyond the reach of the average Vietnamese worker.
Communism comes in is over property ownership. The concept of private freehold property does not exist. Instead people buy a state licence to occupy the house or flat which can be revoked if the state requires the land for development. People are compensated for having to move and foreigners are restricted to a 50 year occupancy. Some, the guide suggested, get round this by getting a Vietnamese person to “own” it for them.
Most companies expect their staff to work a six day week . Japanese employers are rated the best as they offer staff a five day week.
Vietnam is a country in transition and is aping China. It is an inexpensive holiday destination if you ignore the poverty gap.
By the way the country plans to ban motor scooters from the Ho Chi Minh City by 2030 to combat smog. I wonder where they will go or whether they will succeed.