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:
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…[…] Read the rest
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 the rest