Like many in the City, Guido reads the FT for the markets section and the excellent arts section. The political commentary however is often woeful – it is like the Indy in pink. This morning the leader castigates Cameron for a lack of hard policy positions. Fair enough. It also has this barking Europhile non-sequitur:
Mr Cameron has rightly said he wants to tackle global challenges, such as climate change and migration. To succeed, he must work closely with the European Union. This will be difficult if he is also pandering to the eurosceptic right of his party by pledging to pull out of the EU’s main centre-right grouping.
What difference does it make to global warming if the Euro-Tories agree their line with the French centre-right party or the Czech centre-right party? Mad.
Rupert Murdoch has bought the Wall Street Journal, if the European edition of the WSJ sources more editorial content locally, many in the City will switch, since the FT has already become the preferred journal of record for the Brussels bureaucracy, the WSJ could become the preferred reading of the Square Mile and the business community, which is overwhelmingly wary of Brussels. The FT’s centrist establishment tone alienates more readers than it pleases, many of whom feel they have to read the paper on sufferance. Somehow Guido doubts Murdoch’s WSJ will be Europhile…