Boris might not want to go campaigning near Camden Lock for a few weeks. Controversal extra-marital affairs dating agency Ashleymadison.com have found a new face for their service. Testing the all good publicity notion to the extreme…
Further to Mark Kleinman’s whitewash scoop this morning, Sky News have been running this package, which will not make for comfortable viewing for Trinity Mirror execs:
In other news, it’s the first day of the Leveson Inquiry today. Surely just a coincidence…
Paul Waugh tweets that Angela Eagle is to be moved to the non-job that is Shadow Energy and Climate Change Secretary with former Lloyds banker Rachel Reeves taking over as Shadow Chief Secretary to the Treasury. Presumably this would mean Meg Hillier is for the chop. As predicted here last week.
UPDATE: Ivan Lewis tipped to stay. Absurd.
UPDATE II: The LibDem Head of Press reacts to the news:
If Ed Miliband reshuffles his shadow cabinet and no one pays any attention, does it really happen?
— Phil Reilly (@phil_reilly) October 6, 2011
The announcements coming out today about the re-jigging of the Beeb have confirmed Guido’s scoop that Andrew Neil would be taking over The Politics Show on Sundays, bringing the Daily Politics up to a six-day, ninety-minute episode operation. As Guido said on August 2nd: “You read it here first…”
George Osborne told the BBC:
“I don’t think anyone should be pleased that we have reached this point. It is an admission of failure and carries considerable risk. Let us hope that this approach taken by the Bank of England does lead to an easing of credit conditions. This is a leap in the dark and we will see whether it works.”
Investors Chronicle on Osborne’s corporate bond purchase programme…
“If banks know they can pass on credit risk to the state, they’ll not bother to assess it properly. Like US mortgage lenders, they’ll lend to every fool and con-man who walks through the door. Yes, lending will flow freely, but to the worst malinvestments – all of them underwritten by you and I.
This isn’t the only likely source of malpractice. What if the government were to buy (say) the bonds of Tesco but not Sainsbury’s? This would give the former a state-sanctioned competitive advantage. Even if we disregard free-marketers’ quibbles about distorting price signals – and we shouldn’t – this is a recipe for lobbying, rent-seeking and outright corruption.”
Though interest rates stay at 0.5%, the Bank of England is to print further £1,000 of unsound money for every man woman and child in Britain. On top of the £200bn they have already thrown up into the wind, the Quantitative Easing total is now £4,500 each.
Cameron’s 2010 conference speech about sound money was clearly as meaningless as yesterday’s…
Yesterday Ken Clarke told the local press “I expect I will have to wear body armour the next time I meet Theresa. She was at the thing I was at last night but I thought it was too soon to go over and greet her and say ‘it wasn’t my fault.” However he seems to have allayed his fears this morning and has come back out on the attack against his Cabinet colleague. He has said May used “laughable child-like” examples that were a “parody” of court judgements. After Cameron went out of his way to try to take the heat out of the row with a joke and even a song after his speech yesterday, it’s as if Ken Clarke is trying to get reshuffled.
It seems the BBC are at least beginning to wake up to reality. 2,000 jobs are to go and White City could be completely abandoned. You have to chuckle at the mindset though. In justifying the cuts, Director General Mark Thompson told the 25,000 staff that the Beeb is “still the biggest employer of journalists, outside of China.”
As if that isn’t the problem…
Cameron’s speech has been confined to the dustbin of history by two big stories breaking overnight. Finally Sarah Palin accepted that she wasn’t going to win the Republican nomination, but even her withdrawal was eclipsed by the sad news that Steve Jobs has died. You wouldn’t know this though if all you read was this morning’s papers. Both stories came in too late for this morning’s editions of the nationals.
What is the point of buying a piece of dead tree that is twelve hours out of date by the time you pick it up?
It’s Time to Speak for England | John Redwood
It Was Me Who Taped Howard Flight | John Woodcock
Indy Editor: We Will Stay Afloat | Press Gazette
English Don’t Want Scotland to Stay at Any Price | Dan Hodges
England Must Have Self-Government Too | Mark Wallace
Next Year’s Election Will Be the Dirtiest Ever | Speccie
Chicken Salmond Runs Away From Sun Cabbie | Sun
Scary No Messages Don’t Add Up | Sun
Feminist War on Children | Laura Perrins
An English Parliament is Inevitable Whatever Happens | Alex Wickham
Union All But Over Even if Scots Vote No | Janan Ganesh
Gyles Brandreth writes in his memoirs:
“Sunday, May 10, 1998
Early start: appearing on Breakfast With Frost, to be broadcast from 11 Downing Street. The Chancellor [Gordon Brown] is grouchily amiable, but so earnest — and still biting his fingernails to the quick.
After the show, he took us upstairs to his flat. He lives above No 10, while Blair and family are in the No 11 duplex, which is bigger and more like a proper house.
I was intrigued that, when he took us into his bedroom, the Chancellor rather ostentatiously opened the built-in wardrobes, as if he wanted us to see the women’s frocks that were hanging in there.
They looked quite large, but I don’t think they belong to Gordon. I assume they belong to his girlfriend [Sarah Macaulay, who he later married].
I presume he was keen for us to know that he has one — and that she’s not a ‘beard’. I don’t think he does anything without calculation.”