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. The whole story is here but essentially the Treasury suggest their plans to reform the banking sector are being blocked from above.

Maybe the occupiers should target Brussels for letting the bankers off…



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Quote of the Day

Miliband is asked if he knows what ‘Yolo’ means by Time Out:

EM“No. What does it mean?

TO: “It stands for You Only Live Once.”

EM: “Is that right? That is a good philosophy for politics! It’s about a sense of adventure and doing what you want. Wow! I’ll use it from now on!”

TO: “Please don’t.”

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