Ed Balls’ £5 Million State Subsidy For The Guardian mdi-fullscreen

Guido isn’t sure who this one is more embarrassing for. While in office, Ed Balls used taxpayers’ money to subsidise the Guardian to the tune of 1% of its turnover. As Secretary of State for Children, Schools and Families, Balls bunged Kings Place £4,899,688 between 2007 and 2010. The money went on services ranging from advertising to training courses. Guardian News & Media had a turnover of £261.9 million in 2007/2008, that year they were the lucky recipients of £2,445,787 from Balls’ department or 1% of their annual turnover. Someone had to help keep them afloat, turns out it was the taxpayer…

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mdi-account-multiple-outline Ed Balls
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