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The Fed will release results of a second round of stress tests on major banks, and Commerce Department numbers will show whether tariffs are having an impact on the cost of consumer goods.
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Chris Grayling was a justice minister who preferred to keep faith in privatisation even when his changes were failing some of the most vulnerable in our society. He ought to be accountableIn any ideology faith replaces sight. Blind obeisance means giving up on evidence, on the ability to learn and to correct one’s course and instead be willing to look like a fool. This was the approach the government took when it privatised chunks of the probation service in 2015 – saying it would inject dynamism, deliver improved outcomes and that contracts would link the arms of the criminal justice service. This was firmly contradicted last week by parliament’s justice committee which issued a scathing report on the reforms, saying they had failed to deliver promised improvements and MPs doubted they ever would. Left to look asinine is Chris Grayling, the justice secretary behind the changes.
Probation services are meant to oversee the rehabilitation and resettlement of prisoners. Yet the committee found the impact on reoffending rates has been “disappointing”. The much-hyped, enhanced role for voluntary organisations has not only not materialised – the sector’s involvement has actually decreased. The basic design is flawed. The categorisation of its 264,649 offenders (90% of them men) as either low, medium or high risk makes no allowance for the fact that levels of risk can change. The justice department negotiated the contracts poorly, and has had to revisit them and top up funding as a result. A “through the gate” service that promised to help former prisoners reintegrate turned out to mean that everyone would get a leaflet. Morale is at an all-time low.
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