Carol Paton Editor at Large

Ebrahim Patel’s comment to MPs on Friday that economists “are sucking their thumbs” to make projections about the economic damage of the lockdown was jarring given the abundance of technical work that has been commissioned by the Treasury and the financial sector, which he must surely have endeavoured to read.

Even more concerning was what he said next, according to the report of the trade, industry and competition portfolio meeting carried in the Sunday Times.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now