8 January 1921
It was reported that the coal industry was in potential crisis due to the fall in demand for British coal. It was suggested that there would soon need to be a choice between a state subsidy or an increase in prices for domestic customers.
Leonid Krasin, the Soviet Commissar of Foreign Trade, left London with a draft trade agreement which had been agreed between himself and Robert Horne, the Chancellor of the Exchequer. The UK was one of the first countries that started negotiations with the Soviets in order to boost the two economies.
The Government confirmed that Cabinet Ministers had now all received a copy of the Strickland Report, which investigated the burning of Cork and the involvement of the military authorities. There was no statement yet but the Government suggested that an official response would be made soon on the matter.