It is good news that the labour market is inching in the right direction and that youth unemployment is falling. However, latest forecasts from the Office for Budget Responsibility suggest that unemployment will peak at 8.2% which may mean further job losses in the medium term.
Small firms are key to hiring the economically inactive - an area in which unemployment rose by 60,000. Small firms that want to expand and take on more staff need an extra incentive. Extending the national insurance contributions holiday to all micro firms across the whole of the UK would be a good starting point. This would help to create an additional 45,000 jobs while adding £1.3 billion to GDP.
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Mr Blavatnik, whose empire includes the Warner Music Group, has an estimated fortune of £13.17bn according to the Sunday Times Rich List.
Find out what to expect from the weather if you are running in the big race in London or watching from the sidelines.
It will be a soggy start to the weekend and temperatures will drop making it feel colder than in recent days.