Pilgrim Progress

Alistair Darling boasted about LIBOR falling in December 2008…

“The measures that I announced in October have stabilised the banking system, and inter-bank lending rates have fallen. The three-month LIBOR rate halved to just over 3 per cent. this week.”

The Shriti Hiti the Fan

Downing Street are drawing attention to this email in Barclay’s evidence to tomorrow’s Treasury Select Committee:

Click to Enlarge

“Mr Tucker stated the levels of calls he was receiving from Whitehall were ‘senior’ and that while he was certain we did not need advice, that it did not always need to be the case that we appeared as high as we have recently.”

As Guido said this morning, you have to distinguish between the nickle and dime LIBOR fixing scandal of traders trying to massage their end of day mark-to-market and the Treasury / FSA / Bank of England policy of fixing LIBOR. Tomorrow Bob Diamond is likely to point out that manipulation of LIBOR rates was in the national interest and sanctioned by Downing Street and the regulators.

Gordon Brown’s Downing Street economic adviser Shriti Vadera was driving the policy…

Diamond Says: ‘Hold My Dick’

The Diamond backlash wasn’t expected until tomorrow’s Treasury Select Committee, but the first blows have been struck from an unlikely source: his daughter. Nell Diamond, a twentysomething Deutsche Bank employee, has hit back at the politicians laying into her dad. In a swiftly deleted tweet, Nell told George Osborne and Ed Miliband to “HMD“, or “hold my dick“:

The photos of Nell and Bob are still up

UPDATE: Neo-Guido was at the same Kanye gig pictured above and returns from lunch to report Daddy Diamond and Nell are displaying the “Diamonds are Forever” sign.

Rachel Reeves’ Lap Dancing Campaign Defeated

Labour prude Rachel Reeves has suffered a new blow in her killjoy campaign to shut down lap dancing clubs in Leeds city centre. The Shadow Chief Secretary to the Treasury has called for premises that offer adult entertainment services to be refused licenses and be forced to move out to “less conspicuous” areas.

Guido is pleased to report that all seven lap dancing clubs in Leeds have retained their licenses as, hilariously, the online e-petition for Reeves’ campaign has mustered only three signatures as we go to pixel. The people have spoken…

Tom Watson finally escapes from his News International bubble:

Banking is bigger than Murdoch“.

Salmond’s Joan’s Darling Gaffe

Alex Salmond’s favourite columnist Joan MacAlpine MSP was off on one this morning about new union poster boy Alistair Darling. In a particularly unhinged rant, MacAlpine lambasted the former Chancellor for “being asleep at the wheel while the bankers screwed the rest of us”. That’s all very well, but poor old Joan then got slightly ahead of herself:

Quite why he thinks he has the right to come to Scotland and lecture us about how to run our affairs is breathtaking in its arrogance.”

Perhaps because the fact that Darling is, er, Scottish…

Unions Defeat Progress in Labour Skirmish

It appears that Progress has bowed to pressure from the unions and admitted defeat in the party’s damaging civil war. The Blairite faction this morning acknowledged the grievances of the GMB and announced a raft of reforms in response to their criticism. Labour’s enemies-of-the-people will now publish unprecedented information on their sponsorship and donations. Presumably that declaration will be “it’s all from Lord Sainsbury”.

VIDEO: Farage Batters Van Rompuy (Again)

“With everyone of your predictions it goes on getting worse, I’m sorry sir you don’t have the presence, the credibility or the standing for the international markets to believe you can provide a solution. And Mr Barroso here, who stood […]

+ READ MORE +

Labour Tell Donors How to Dodge Tax Too

Yesterday it was the Tories advising their top donors on how to avoid tax through a controversial “legacy” scheme. The story had considerable traction and unsurprisingly provoked considerable outrage among Labour MPs:

[…]

+ READ MORE +

PIC: Balls Cutting Ribbon at ‘Flagship’ Barclays

This is from Balls’ own website in 2009. He was “delighted” to praise Barclays for “changing the face of banking”.

Via @ToryRadio 

[…]

+ READ MORE +

LIBORgate: Diamond v Tucker at Treasury Select Committee

After resigning as CEO of Barclays this morning, Bob Diamond may yet exact some revenge on the government when he testifies tomorrow in front of the Treasury Select Committee.

There are two LIBOR fixing scandals – the first involves traders […]

+ READ MORE +



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

David Cameron tells MPs after voting:

“Wouldn’t miss this for the world. Secret ballots very important. Remember the Chartists.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

WALTER MITTY CV OF ANTI-FRACKING CANDIDATE WALTER MITTY CV OF ANTI-FRACKING CANDIDATE
Cassetteboy v Cameron and Farage Cassetteboy v Cameron and Farage
MICROSOFT SHAKES DOWN PUBLIC SECTOR FOR DOSH MICROSOFT SHAKES DOWN PUBLIC SECTOR FOR DOSH
WATCH: Toby Young Skewers Labour Zero Hours Contract Attack Line WATCH: Toby Young Skewers Labour Zero Hours Contract Attack Line
MAIL TRICKED INTO QUOTING BATMAN FILM IN PLANE CRASH COVERAGE MAIL TRICKED INTO QUOTING BATMAN FILM IN PLANE CRASH COVERAGE
ANTI-FRACKING PARLIAMENTARY CANDIDATE WANTED TO WORK FOR FRACKERS ANTI-FRACKING PARLIAMENTARY CANDIDATE WANTED TO WORK FOR FRACKERS

Crick Gets Paxo’d Crick Gets Paxo’d
Cameron’s Secret A-List Cameron’s Secret A-List
Corrections and Clarifications: Brooks Newmark Corrections and Clarifications: Brooks Newmark
What is Wrong With the Lobby? What is Wrong With the Lobby?
Arrogant Bercow: “I’m Not Going Anywhere” Arrogant Bercow: “I’m Not Going Anywhere”
GOVERNMENT SHELLS OUT FOR PHOTO OF DEAD ZEBRA GOVERNMENT SHELLS OUT FOR PHOTO OF DEAD ZEBRA
DWP Press Office Wins the Internet DWP Press Office Wins the Internet
Two-Faced Chuka Ruins Labour Attack Ad Two-Faced Chuka Ruins Labour Attack Ad
Cameron Mauls Miliband at PMQs Cameron Mauls Miliband at PMQs
Actual Pub Landlord Likes Farage Actual Pub Landlord Likes Farage
Dave’s SNP Poodle Zinger Dave’s SNP Poodle Zinger
GREEDY SOLAR INDUSTRY WANTS MORE PUBLIC CASH GREEDY SOLAR INDUSTRY WANTS MORE PUBLIC CASH
This is the worst thing the LibDems  have ever done This is the worst thing the LibDems have ever done
CLIMATE CHANGE FUELLED MOSQUITOES ARE NOT COMING TO GET YOU CLIMATE CHANGE FUELLED MOSQUITOES ARE NOT COMING TO GET YOU
ORDNANCE SURVEY OPENS UP DATA MAPPING TREASURE CHEST ORDNANCE SURVEY OPENS UP DATA MAPPING TREASURE CHEST
“I’d S**k Off David Cameron” “I’d S**k Off David Cameron”
WATCH: Cameron Heckled By Pensioners WATCH: Cameron Heckled By Pensioners
WATCH: Gove v Campbell WATCH: Gove v Campbell
Politician dumps his wife over sexy selfies Politician dumps his wife over sexy selfies
UKIP PROTESTERS ORGANISED BY GREEN LOBBYIST UKIP PROTESTERS ORGANISED BY GREEN LOBBYIST
You’ve Been Cricked! You’ve Been Cricked!
He’s Not Dancing Anymore He’s Not Dancing Anymore
Miliband’s Hedge Funder Hypocrisy Miliband’s Hedge Funder Hypocrisy
NATIONAL TRUST CLAIMS CLIMATE CHANGE IS “BIGGEST THREAT” NATIONAL TRUST CLAIMS CLIMATE CHANGE IS “BIGGEST THREAT”