Le FT: Plus ça change, plus c’est la même chose

pmi-frontpagesThe financial pages seem full of good news for Brexit Britain, City AM splashes with Bounceback“, the Wall Street Journal contemplates a Brexit boom for manufacturers and the pound recovering. Over at the FT they have managed to acknowledge the possibilty that things might not be quite as terrible as they predicted with a sceptical bottom of the front page headline “busy factories fuel pro-Brexit MPs claims of Treasury scaremongering”. This is countered by a claim, based on a self-selecting voodoo poll, that “graduate recruitment has slumped”Lionel’s Légion d’Honneur for services to European unity remains untarnished…

London Mayor Debates Schedule

City AM have beaten the Standard to the first head-to-head Khan v Goldsmith debate of the short campaign – they will be facing off on April 12 in a showdown chaired by editor Christian May, who readers will remember for giving the LTDA a schooling on Newsnight. Tickets here. The following week the Standard have the second debate on April 21, chaired by Kirsty Wark. Will we get a repeat of Sadiq’s Alan Partridge moment?

Shadow City Minister is a Joke


Better known to co-conspirators as the farting commie“, Richard Burgon is a bit of a joke. His antipathy to his brief is now front page news and his ignorance of finance is laughable:

He owes his appointment to being one of the few hardcore Corbynista MPs in parliament. McDonnell and Corbyn clearly thought it amusing to appoint him to oversee the crucible of capitalism. It only serves to underline that their credibility is a joke…

City AM Blocks Blockers


City AM is the first major publication in the UK to block ad blockers. Adblockers kill the revenue stream of free-to-air advertising supported publishers. If ad blockers become mainstream, publications will either have to put up subscription paywalls or go out of business. If you don’t like advertising you basically don’t like capitalism…

Kudos to Christian May at City AM for leading the way on this issue. Content is king, ad blocking is regicide….

FT Goes Free Today


The recently sold FT is free to online readers today, an odd marketing gambit. Christian May, editor of London’s rival financial paper City AM quips, “They should try going free 7 days a week. Works for us…” Zing…

Christian May is New Editor of City AM

Normally hacks go spin, but in a canny move the Institute of Directors’ comms boss Christian May is the new editor of City AM. Having written hundreds of pro-business op-eds under other people’s by-line, May will take over at the paper later in the summer:

“City A.M. has been a daily read for me since I came to London seven years ago and it’s been an essential source of news and comment throughout my time at the Institute of Directors.

Few papers can rival City A.M. for its understanding of business, of markets and of life in the capital. 

I am very excited to be leading the paper into its tenth anniversary in September. I shall work tirelessly to repay the trust placed in me by the paper’s proprietors and to live up to the high standards set by those who have made the paper what it is. It is a great honour to join as editor, and I look forward to working on such a confident, dynamic and respected title.”

Allister Heath was 27 when he became the paper’s most famous editor, so far. May is 28…

City AM Editor Runners and Riders

Allister Heath is off the the Telegraph so that leaves a major vacancy as editor of City AM. As ever MediaGuido gives you the runners and riders for the job:

  • Iain Dey – Currently deputy business editor of the Sunday Times, Dey is one of the names being pushed hardest. A former Business Journalist of the Year, he is seen as sound enough having been instrumental in his paper’s campaign to overhaul business rates.
  • James Ashton – Head of Business across the Evening Standard, Indy, Sindy and i, Ashton is also tipped to be a name to look out for. Might he leave a Lebedev London title for the number one job at a rival in the City?
  • David Hellier – Perhaps City AM will go for an internal hire and promote their deputy editor of nearly 8 years. Described as “a safe pair of hands”, Hellier knows everyone in the City and is in with the investment banking crowd, giving him knowledge of deals.
  • Marc Sidwell – Or they could give the job to their current Managing Editor. Sidwell is seen as a likeable and principled free-marketeerhe has strong connections to the world of think tanks.

MediaGuido’s inbox is always open for insiders with any more tips for the post. A gruelling job awaits for whoever wins the race…

Heywood Wins Zero Friends With Gushing Thatcher Tribute

A fawning tribute from the normally subdued double team at the top of the Civil Service. Writing in today’s Telegraph Sir Jeremy ‘Sherlock’ Heywood and Sir ‘Bungalow’ Bob Kerslake praise the “kindly and unswervingly loyal” Margaret Thatcher and declare that she was “prime minister who – whatever the pressures – was the best kind of boss.” The OpEd seems to have upset pretty much everyone.

While Tories are passing the sick bucket round and suggesting that this is nothing more than a PR move by the deeply unpopular Heywood to build some bridges; Labour types are equally concerned about the impartiality of the piece given the praise heaped on Maggie’s “radical tax reforms, the abandonment of exchange controls and prices and incomes policies, the introduction of Right to Buy, a major overhaul of industrial relations law and the world’s first privatisation programme.” Pretty much everything the left hated…

More seasoned Whitehall watchers have pointed out the subtle digs at Dave in the piece over Maggie’s apparently loyalty to those civil servant’s around her and her attention to detail – not two compliments you ever hear said about her successor. Ben Brogan, whose wife is a very senior Whitehall mandarin, sees digs at Francis Maude too. Perhaps they’re not so subtle. One Whitehall rager could not get their head round the logic of the “backroom boys” taking such a prominent and public stand: “If they want to be the story they should run for office…”

Brussels Blocking British Banker Bashing

On the day the German Finance minister Wolfgang Schäuble declared war on the City of London by announcing the EU will take “a global lead in introducing a financial transaction tax to curb speculative trading”, maybe the left will finally have something to get angry about in regard to the EU’s stranglehold over the UK’s sovereignty…

Emily Nomates, formerly of this parish, has got hold of Treasury documents over at CityAM that show “UK authorities are currently locked in fractious negotiations with Brussels” over the whether the plans set out in the Vickers Review are legal under new EU capital rules.[…]


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Philip Hammond at Treasury questions:

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