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 06, 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?
David Ward’s Holocaust Denier Friends | Harry's Place
Grayling: Bercow Faces Questions | Sun
Paul Flynn Could Learn a Lot From a Trip to Israel | Breitbart
50 Shades of Grayling | Speccie
Bercow’s £12,000 of VIP Sporting Freebies | Sun
Aldous Huxley v George Orwell | FatPita
Blinkered BBC is Ripe for Reform | David Keighley
Calls for Bercow to Face Inquiry | Mail
Labour Mad to Fight Tories on Tax | Dan Hodges
Right to be Forgotten is a Disaster | Padraig Reidy
Dave Could Be Finished Before 50 | James Forsyth
Knifed former civil service chief Bob Kerslake on his recent troubles:
“Many thks for kind wishes following back opn. Incision measured 16cm. A pretty big knife in the back! Photos on request.”