Listening to the “liberal left” trying to explain the Trump phenomenon is a frustrating experience. Of course I agree with them that all elected politicians should condemn any efforts to whip up racial hatred. What interests me is they say that the big Trump vote was only possible because of the large inequalities they see today. These must be inequalities thrown up by the last eight years of Democrat rule, as there was no Trump insurgence eight years ago. Presumably they would argue that today’s inequalities build on inequalities in earlier decades which were not large enough or obvious enough to produce a Trump. They see the Trump phenomenon as a protest vote against these inequalities.

There is a germ of truth in what they are saying. Many people who were fed up with low wages or no wages voted for Mr Trump.They did not however vote for him to protest against inequality. They voted for him to cut their taxes and fire up America’s economy so they can get a bit richer. They voted for him in the full knowledge that he is a very rich man, was going to be surrounded by many other rich men, and favoured cutting the taxes the rich pay as well as the taxes lower paid people pay. They were not jealous of Mr Trump’s riches. They want some of them to rub off on them.

The germ of truth comes in these voters attitudes towards Mrs Clinton. There were two types of privilege and wealth on offer in the two contrasting Presidential candidates. Mr Trump offered the version of entrepreneurial riches, acquired by himself or some would say with help from his father’s business acumen. This is completely acceptable to most Trump voters. They do not mind if an entrepreneur makes large sums and pays himself fabulous money. Nor do they baulk at soccer or baseball stars, singers or actors earning great money either. They willingly pay for their services, and have the choice not to.

The type of privilege they object to is privilege that comes through political office and big budget politics. The lurid rhetoric of Trump supporters, often going beyond the tough language of the campaign proper, concentrated on “the swamp” of Washington, seeing it as a source of corruption. Mrs Clinton herself faced endless disobliging chants and allegations, as she was the perfect representative of those with families that draw big salaries from the state and live in a world of big budgets from party financing. Voters thought big politics had let them down, was syphoning off too much of their money through taxes they had to pay, and was rewarding for those in it, not for those it should seek to serve.

Trump voters worried about easy migration because they think wages have been depressed too much. They worried about trade systems which allow so many foreign imports, because they want to help make those things at home. They worried about just how much they have to pay to Washington in taxes when they need to spend more on their own needs. They will not mind if Mr Trump allows rich people to become richer, as long as they become richer too.

Wokingham Borough schools report a 99.1% pass rate this year at A level, above the national average. Well done to all involved. I hope it means many of you can go on the courses and futures you have planned.

I also congratulate all in West Berkshire that have done well in the exams.

Some time ago after giving a talk I was asked by a student at one of our top universities if I thought the A levels I had were of the same value and difficulty as the ones he had most recently obtained. I was both pleased to have a question out of the ordinary, and worried about how to answer it.

I decided to answer it factually. I said that every year A level marking is moderated and assessed by the Examiners, with a view to being fair between the years. In theory if a paper has been more difficult than past papers the required marks are lower, and vice versa. I had no evidence or analysis to question that thesis that standards have been approximated year by year.

Duty done, I then asked him a question. I asked if if he was implying that standards had risen and my A level was inferior. He laughed and told me he thought his A level had not been to the same high standard or difficulty as mine. I thought it sad that a clever and probably hard working student felt like that about his recent qualifications. He of course had the luxury of knowing he was going on to get a more prestigious qualification, a degree from a great university. To those leaving education at A level similar thoughts would be more upsetting.

Mr Gove decided that creating advanced qualifications with a high proportion of course work rather than exams might lead to less rigour. Whilst most people would work hard and make an honest account of themselves, and most teachers will lead, teach and mark professionally, there is more danger of abuse in course work. You could cheat by getting others to help you too much with the course work or even dictate it to you. You could benefit from favouritism in marking – or suffer from bad relations with your teacher assessors for reasons unconnected with the standard of your coursework. You could benefit from being asked to do the work again before formally submitting, if it was not good enough the first time. Mr Gove therefore decided to move A levels back to reliance on final exams.

I remember the A levels I took well. They depended entirely on the final exam performance. It meant you needed to both understand and remember the course material.It was also a flexible exam based system in the subjects I took. If you had reached a higher level than that required you could be awarded a high mark even if you had not answered covering the basics in the way the marking system was designed to capture. There were no single right answers, as the examiners recognised the complexity of the questions and the range of answers that could be interesting.

The two years of the sixth form to pass those exams were the best and and most formative of all my years in formal education. I just hope today’s A levels are a similar challenge and spur to students. I still use the techniques of economic analysis I first studied then, and still can place what I am currently doing in an historical context from the History course. I remember the material because I needed to learn and understand to pass the exam. A few years ago I took an A level equivalent professional exam. That was reliant on rote learning with the doctrine of the right answer. Where the problem was mathematical requiring you to memorise a formula and apply it to data that made sense. Where it was multiple choice between arguable answers it was more hazardous and less sensible. It was not nearly such a worthwhile educational experience.

The ONS presented a healthy picture of employment growth in the year to June 2017. There are 338,000 extra jobs in our economy. Unemployment has fallen by 157,000 on the year. Many of the new jobs are full time jobs.

It also showed a small rise in average weekly pay, though it reported the figure as 2.1% up on a year. This left average earnings behind prices by 0.5%.

However, Figure 9 of the same ONS report provides a graph of average weekly earnings adjusted for price rises by putting the figures into a common 2015 price level. This shows June 2017 at £490.5, a little up on June 2016 at £488.2. This is confirmed by the average weekly pay figures in current prices reported at the top of Section 8. That says “average total pay for employees in GB was £506 a week (June 2017) up from £493 for a year earlier” That is an increase of 2.6%, in line with prices as measured by the CPI.

It is interesting that using June on June produces a different answer from using quarter on quarter which they highlight. It provides some light on why retail sales, consumer spending and jobs have increased when so many forecasters were expecting the opposite.

As some of you have pointed out, it leaves the unanswered question of why did the Treasury forecast big job losses following a pro Brexit vote and an Article 50 letter? It also raises the issue of which of these contrasting portraits in the same official document give the more accurate picture of what is happening?

It was good to see strong job generation again in the latest UK official job figures, with further substantial falls in unemployment. In Wokingham the unemployment rate remained low, with the constituency in the top 25 for a low rate nationwide out of 650.

We are now at record levels of employment, with good progress on creating more full time jobs. The national unemployment rate is 4.4%.