As a strong believer in democracy and free speech I support people’s right to peaceful demonstrations to tell others how deeply they feel about an important issue. I also advise those planning such demonstrations to remember that as they are trying to win over public opinion and the government to their view they need to consider how best to persuade rather than upset.

             On Sunday many in our nation will wish  to remember all those who died in the service of our country in past conflicts. It would be a good idea for anyone planning a demonstration to avoid the same times and places being used for civic and religious ceremonies for Remembrance Sunday.

I was not surprised the rail company is cutting back the number of services to Manchester. When I last returned to London from Manchester by train from conference this year on the all too early 21.15 last train there were plenty of empty seats despite the cancellation of the previous service and transfer of those passengers to the later one. there were even  fewer people on the way to the city.

The latest figures I could find for overall use of the railways are the year to March 2022. Even the up to date  numbers are delayed.  They showed the railways  with passenger journeys down 43% on 2019-20. Rail journeys were just 1% of total journeys undertaken. Government subsidy shot up that year to 2022 to £20.3 bn, 75% up on 2020, as taxpayers were made to pay the losses created by so many empty seats. The railways at great expense moved a lot of heavy fairly empty rail cars around the country, and created a lot of carbon dioxide in the process for their diesel engines and for their electric ones using power mainly generated from fossil fuel.

I found figures for quarter 3 2022 which showed fare revenues down to 71% of 2019-20 levels. Journey numbers had recovered a bit from the previous year, but only by discounting more fares.

The railways have  not found a good business model for the post lockdown era. They need to show more flexibility over tickets for commuters who now travel in on fewer days and maybe at different hours to the old peaks. They need to identify the main places for the growing leisure business. They need to encourage handling large numbers of people all wishing to move to the same popular venue at the same time instead of deterring some of this by station closures and crowd management schemes that deter users. They need to adjust timetables to reflect travel needs and run fewer unpopular trains.

Today we remember a dreadful terrorist plot to kill the King and Parliament assembled. A small group of men hired a cellar under the Lords chamber where the King would speak to his Parliament and packed it with barrels of gunpowder. The aim was  the mass murder of the government and Parliament of James 1.

The plot was foiled thanks to excellent intelligence work alerted by a note sent by a conspirator to a relative to avoid going to the opening of Parliament. It was decided after the event to remember the near disaster annually by lighting bonfires, a tradition that has continued.

In 1983 I was asked to leave the Grand Hotel where I was staying for the  Conservative conference at 3 in the morning after a bomb had been set off and a central part of the hotel had collapsed, killing and maiming some guests.  The aim was the same as the Gunpowder plot, to kill leading figures of the government led by Margaret Thatcher.

The Jacobean gunpowder increased tensions with Catholics in England and delayed the necessary passage to religious toleration. The Brighton bomb delayed a peace process in Northern Ireland .

These terrorist events have been put behind us, though they leave deep scars particularly for those who lost loved ones or who were injured in the bombing. The country did move on to reconciliation and to live with differences of faith and outlook. As we witness terrorist attacks and the military responses they evoke elsewhere we should remember that it is possible to find peaceful ways of living with differences.

Mr Musk went well beyond what is likely to happen with the introduction of more  Artificial Intelligence when he said it is the end of work.  The process will create new and additional jobs in AI activities. Many of the current jobs continue, with AI as a computer assistant to the employee. New things will be possible. The automated factory did not make everyone redundant and the arrival of computers did not end the office. It does however, open up an important debate about what is work and how much of it we need to do and what  we want to do.

The debate is usually arranged around the simple division of work and life. I find this odd, as work is part of life and not all the life part of this division is freedom or fun. Some seem to think the route to a happy life is to minimise the hours of formal paid work, with movements to work fewer days and or fewer hours. The issue then is h0w are the hours spent that have been spared if this is successful.

I think it better to divide time up into four blocks each week. There is the one third spent in bed and sleeping. Not much ability or need to change that. There is the time spent in paid employment. There is the time spent in work within the home and family. There is true leisure time when you can watch a movie or play a game. The relative amounts of each of these is flexible and changes over time. More chores time is needed with children in the home. More leisure time comes when retired. It also varies with income and those with money to spare after the basics have more options for leisure and pleasure as well as more flexibility to buy in goods and services they need.

Some people like their paid work. It is what defines them, gives them interests and energy. They seek more work and expand their hours, using the extra money to have more help with the chores and services they need in their lives. Some people dislike their paid work so they look for ways to minimise its impact, and often take up unpaid work at home to supplement as often not liking your work goes with less pay. Be paid less and decorate your own home, be paid more and hire a painter.  Being paid less  certainly goes with less working  hours as you wish to minimise them. Some see that it is not work as a whole they do not like, but the bad job they have got. They look for promotion, training, or major job change so they can find something they do want to do. When people retire some recreate features of their old job and do them for free. Some extend the range of work they do in the home instead. Many hobbies are other people’s work.

All jobs have features that annoy, but so do many leisure activities. I dislike the journey to work now so many Councils have wrecked the roads, created more jams and try to ensnare more motorists into offences against massively multiplied rules. I do work from home more to raise my productivity and cut down the wasted hours fuming about road works and road closures.  I also dislike the travel for  a week end break or holiday because that can be even more vexatious as it is a longer journey. A holiday is to many people the pleasurable aim from working more, but if the hotel is bad , the weather poor and the visitor attractions closed or sub par the holiday ceases to be that delight that makes everything else worthwhile.

Each one of us chooses a different balance of these uses of our time, and each one of us has constrained choices by what we can afford and what others will let us do.  We can all strive to improve or change in ways which expand our choices. There is no simple work/life balance, and no early  move to replace us all by computers and robots.

The latest MPC meeting was hopeless. There was once again no recorded discussion of money and credit. There were generalised banalities about overseas economies that sounded as if they been taken from a newspaper comment. There was no consideration in the report of how the fall in money will transmit through the banking system. There was no consideration again of why Japan and China had avoided the high inflation the Bank has created here. There was the usual alibi comment that rises in global prices like oil are a given and can cause inflation.

Worse still was there was no explanation of why they persist in wanting to sell £100 bn of bonds at large losses. There is no proper consideration of the impact this will have on long rates in the market and on money. Just as the Bank refuses to discuss or accept its extreme money printing  and bond buying had any effect on the inflation so now they refuse to see the adverse impacts of the  reverse. Indeed they seem to think these policies are asymmetric. They thought buying bonds at ever  crazier high prices was a positive on prices and output when they thought they were fighting deflation. They now think there is no negative effect  when they switch to selling bonds at ever  lower prices and bigger losses.

The Treasury continues  to reimburse them for huge and unacceptable  losses. It should tell them to stop the sales. The ECB who made a similar inflationary error by creating money and buying bonds is not making the opposite mistake of selling them in the market at needlessly high losses. The Bank should on this occasion learn from the ECB. Instead they will not even talk about their error, just as they refuse to accept printing loads of money was inflationary.