GDP numbers today are predictably grim. Some silver lining in a quicker bounce-back in May and June. As ever, it is the last bit of the Nike Swoosh that matters - how far will we still have to go once the lockdown is fully washed through? (1/)

In particular, businesses face a cash squeeze in Sept & Oct as furlough ends, so will have big decisions to make. At the least, action to support retention and hiring - like reductions in employers NI - would help, as will firms retain access to supported credit lines. (2/)

At the same time, Government needs to turn with urgency to supporting those facing unemployment - radical skills reform, supporting job search and careers transition working with @RECmembers & investing big in infrastructure - not just rail, but also things like childcare.. (3/3)