Bureau of Investigative Journalism Like Inspector Clouseau

This morning the grandly named “Bureau of Investigative Journalism” provides the Guardian with a splash claiming that the Tories are more dependent on the City than ever. However Guido can reveal that so inept is the investigation that it is more Inspector Clouseau than Sherlock Holmes.

According to the BIJ “The biggest individual City backer of the Tories is David Rowland, who has contributed £4.013m in just two years.” Anyone who has read even only the business pages of the Guardian will tell you that David Rowland is a property developer, not a City financier. His firm is not even listed on the London Stock Exchange.

Subtract Rowland from the BIJ’s own dubious numbers and all of a sudden the reality behind the headline City Bankrolled Tory Election Campaign becomes less exciting, with their own self-selected top ten of remaining City donors giving the Tories a mere 9% of their funds. Even then it is the case that the individuals gave their money out of their own pockets – and not one single one of them works for a bailed out bank. The BIJ was supposed to herald a new kind of journalism, yet this sloppy piece of work is as slapdash as anything Kevin Maguire could knock up in a half-an-hour after a good lunch. Guido was a supporter of the BIJ when it launched, this is very disappointing.

Sensationalist, misleading and wrong on the single most significant piece of data. Yuba Bessaoud is one of the hacks behind the piece, Guido can vouch that he is a great guy for a night out, but he isn’t a financial journalist, he is a Labour Party loyalist, who by his own admission doesn’t know the difference between inflation and interest rates.

The BIJ received a £2 million grant from the Potter Foundation last year to explore new ways of conducting and funding investigative journalism. David Potter made his fortune when he floated his firm on the London Stock Exchange…

UPDATE : Under the heading “Individual Donors with links to Global Banking Crisis” the BIJ press release argues that because property developer Robert Tchenguiz borrowed from an Icelandic bank, Kaupthing, his £53,620, donation was somehow linked to the banking crisis, Derek Quinlan another property developer donated £46,500 to the Tories and borrowed from Irish and Scottish banks. So despite them not being City figures they are linked to banks that went bust – therefore the Tories are involved in the financial crisis. By that logic everyone with a mortgage borrowed from Halifax, Northern Rock, LLoyds, Bank of Scotland and RBS is linked to the banking crisis. Very tenuous.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

David Cowling, the BBC’s head of political research, in an internal memo…

“It seems to me that the London bubble has to burst if there is to be any prospect of addressing the issues that have brought us to our current situation. There are many millions of people in the UK who do not enthuse about diversity and do not embrace metropolitan values yet do not consider themselves lesser human beings for all that. Until their values and opinions are acknowledged and respected, rather than ignored and despised, our present discord will persist. Because these discontents run very wide and very deep and the metropolitan political class, confronted by them, seems completely bewildered and at a loss about how to respond (“who are these ghastly people and where do they come from?” doesn’t really hack it). The 2016 EU referendum has witnessed the cashing in of some very bitter bankable grudges but I believe that, throughout this 2016 campaign, Europe has been the shadow not the substance.”

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Social Media’s Filter Bubble Driving Political Anger Social Media’s Filter Bubble Driving Political Anger
4 a.m. Tom Watson 4 a.m. Tom Watson
Britain Votes For Brexit Britain Votes For Brexit
BBC Declares Brexit Winner BBC Declares Brexit Winner
Guido’s Referendum Best Bits Guido’s Referendum Best Bits
Bob Geldof Boat Passenger Votes Leave Bob Geldof Boat Passenger Votes Leave
Which Brexiteer Are You? Which Brexiteer Are You?
Referendum Day CCHQ Leak Referendum Day CCHQ Leak
Liz Hurley Backs Brexit Liz Hurley Backs Brexit
WHICH REMAINER ARE YOU? WHICH REMAINER ARE YOU?
EU TO OPEN NEW TURKEY MEMBERSHIP TALKS ON JUNE 30 EU TO OPEN NEW TURKEY MEMBERSHIP TALKS ON JUNE 30
GERMAN BUSINESS CHIEF CALLS POSSIBILITY OF POST-BREXIT BARRIERS “VERY, VERY FOOLISH” GERMAN BUSINESS CHIEF CALLS POSSIBILITY OF POST-BREXIT BARRIERS “VERY, VERY FOOLISH”
PROJECT SNEER: LUVVIES SAY LEAVERS ARE ‘THICK IDIOTS’ PROJECT SNEER: LUVVIES SAY LEAVERS ARE ‘THICK IDIOTS’
TURKEY “FLABBERGASTED” BY CAMERON: “HE’S OUR BIGGEST SUPPORTER!” TURKEY “FLABBERGASTED” BY CAMERON: “HE’S OUR BIGGEST SUPPORTER!”
BORIS LOOKS FORWARD TO INDEPENDENCE DAY BORIS LOOKS FORWARD TO INDEPENDENCE DAY
HESELTINE: UK WILL JOIN EURO IF WE REMAIN HESELTINE: UK WILL JOIN EURO IF WE REMAIN
Sadiq “EU Should Not Be a Christian Club” Sadiq “EU Should Not Be a Christian Club”
“REST IN POWER”: CORPORATE SPIN DOCTORS TAKE CONTROL OF COX IMAGE “REST IN POWER”: CORPORATE SPIN DOCTORS TAKE CONTROL OF COX IMAGE
3 TORY CHICKENS YET TO DECLARE 3 TORY CHICKENS YET TO DECLARE
KEN SQUIRMS AS HITLER HISTORIAN DEBUNKED KEN SQUIRMS AS HITLER HISTORIAN DEBUNKED