Sinister Olympic Spin II

Another day and more ridiculous lines for government spinners to push:

TOP MESSAGES FOR THE DAY

1.       The South West has provided the perfect start for the Torch
Relay. Hundreds of thousands of people have lined the streets to
welcome the flame, creating remarkable scenes and providing a great
advert for the region, the country and the Games.

2.       The Torch will briefly enter the West Midlands for the first
time today, before arriving in Wales on Friday. Both parts of the UK
are making a huge contribution to the Games, and will add their own
distinctive magic to the Torch Relay.

Pyongyang 2012…

Grexit Trading

For a couple of years Guido used to report his financial market trading in a box in the blog’s right hand column. It was popular with a few readers, nowadays Guido trades occasionally and just tweets about it. Readers still ask how the market trading is going, the above chart shows how it has been going this year so far, each data point is a closed trade. For the first couple of months Guido was long and wrong on gold, which hurts when you are over-leveraged. Since March Guido has been trying to sell a break in the Euro, as the chart shows it wasn’t really going anywhere until a couple of weeks ago when it dipped below 1.30 to the US dollar before hitting new lows for the year yesterday. Making back all losses for the year and some…

The CityAm Active Trader conference saw 650 traders gathered in the City. Guido spoke to them about the pros and cons of trading on the back of your political analysis. If you are interested in that kind of thing (and why the tooth fairy made 7 year-old Miss Fawkes cry) the speaking notes are here. Just don’t tell Mrs Fawkes…

Jeremy Hunt Texts Published

Painful watching for team Hunt this morning as News Corp lobbyist Fred Michel took a battering from Mr Jay QC at the Leveson Inquiry. He’s coughed that the impression he was given was that Adam Smith was talking on behalf of Hunt and thus feedback was given to News Corp from the Secretary of State, via Hunt’s SpAd’s personal email address.

He also confirmed he was in text contact with Hunt – painful extracts were read out in court and the whole batch are due to be published today. It seems former Hunt SpAd Adam Smith will try to paint Michel as a fantasist, but the paper trail is not looking good…

UPDATE:

UPDATE: The texts are here.

Chill-axing in the Sun

“PRIME Minister David Cameron yesterday denied he was too chilled out” wrote Tom Newton Dunn on Monday. It would seem the Sun’s Political Editor is a bit of an expert on chill-axing, at least if his personal portrait is anything to go by:

20120524-104958.jpg

This one has been doing the rounds this morning… 

UPDATE: Sun sources say it was a wedding present rather than egotistically commissioned.

Huhne’s Bi-Sexual Lover Loses Court Case

Carina Trimingham has lost her case against the Mail and Mail on Sunday. A judge has ruled that acccurately describing Huhne’s then mistress as bi-sexual is not a misuse of private information. As you were…

UPDATE: Sky are reporting that Trimingham has to pay a quarter of a million in costs within fourteen days. Ouch…

Telegraph Catches Up on Gay Marriage Free Vote

The Telegraph is reporting this morning that any vote on gay marriage will be a free vote – something Guido told you months ago. Tory Chief Whip Patrick McLoughlin told a meeting in Parliament back in March that the vote would have to be free, and he would know. Owen Paterson’s intervention against the idea seems to have forced Cameron’s hand further and will do the Northern Ireland Secretary’s growing reputation on the right no harm…

Lord Lamont told ITV News…

“I think the PM is just human and Ed Balls is a pretty irritating person”



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

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
REMAIN LEAFLET BLAMES LEAVE: “JO COX’S MURDER IS ONLY THE START” REMAIN LEAFLET BLAMES LEAVE: “JO COX’S MURDER IS ONLY THE START”
MOMENTUM CHIEF: MCDONNELL WHO IS SHOWING LEADERSHIP MOMENTUM CHIEF: MCDONNELL WHO IS SHOWING LEADERSHIP