Boris: King of the Shaggers

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…

Via The Drum.

Sky Go to Town on the Trinity Mirror Group

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…

See also: Beckham Hacking: Mirror Cover-Up (Part I)

Red Ed Reshuffle Rumour: "It's Tomorrow"

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:

The Sunday Roast

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…”

Osborne Responds to QE Announcement

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.”

In 2009

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.”

Bank of England Launch Another £75bn QE Splurge

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…

Red Ken Reignites Catfight

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. 

2,000 Jobs To Go at the BBC -White City to Become Ghost City

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…[…]

+ READ MORE +

Bad Day for Newspapers

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.[…]

+ READ MORE +

Mirror Review Whitewash Wonder

Trinity Mirror are set to announce that their review into phone-hacking has found that there was no widespread malpractice taking place at its newspapers, despite a growing list of allegations around Ulrika Jonsson, Frank Bruno and Noel Edmonds. An internal investigation whitewash?[…]

+ READ MORE +



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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.”

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