The parent company has £18m of debt and a capitalisation of only £40m, Guido suspects that any buyer will therefore be keen to spin out the political publishing arm. Huveaux supposedly paid £5m for “Political Wizard”, a political search engine and “sophisticated campaigning tool”. Not.
ePolitix until recently claimed to be the “UK’s premier politics site”, but after a bit of needling about them trailing some political blogs (which Guido is too modest to mention) they changed their slogan to “shaping the political agenda”. Meaning they will reprint any lobbyist’s press releases for cash.
- 359 of the 550 Lords who claimed “day subsistence” — a £78.50 payment for meals and taxis — claimed the maximum on 95%of occasions or more.
- 272 of the 406 peers who live outside London and claim “overnight subsistence” for hotels — worth £159.50 — claimed the maximum on 95% of occasions or more.
- 338 of 514 Lords who claim office expenses, worth £69 a day, claimed the maximum on 95% of occasions or more. Unlike the House of Commons, secretarial costs are paid to the peer to distribute.