No, Commons Vote on EU Trade Deal Does Not Threaten Brexit


A strange FT splash this morning claims that MPs getting a vote on the government’s eventual EU trade deal means a real Brexit is less likely. This is just wrong. MPs will be given a choice between the government’s deal or no deal which would mean trading with the EU under WTO rules. Either way, it will be a ‘hard Brexit’ by the FT/Remoaner definition, which is Brexit. As for the pound rising on the back of this? Almost as if traders don’t have any particular political insight, the rises and falls in the pound are just them trying to make money off the back of newsflow rather than fundamentals…

Mark Wallace on Only Connect

ConservativeHome’s Mark Wallace, a secret quiz buff, and his team are through to the next round on the BBC show Only Connect after a comfortable victory last night. Plaudits must also go to FT brainbox Josh Spero.

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…

Missing From the FT Letters Page…

Upon hearing the news that Lionel Barber had been awarded the Legion d’Honneur, one reader wrote to the FT’s letters page to congratulate the editor on his gong. For some reason the letter hasn’t appeared in the pages of the Pink ‘Un, so Guido reproduces it here:


May I, without fear or favour, be the first to congratulate you through the pages of your newspaper on your nomination for Chevalier, Legion d’Honneur. But why has this happy news not been reported elsewhere in your paper? False modesty is not your strongest suit.

This accolade is, of course, richly deserved for your unswerving devotion to the European Union and France’s role therein. Assuming you choose to accept, may I suggest that the rather ordinary surroundings presented by the French Embassy in London are not befitting of the occasion. A far more suitable venue would be the Hall of Mirrors in Versailles, scene of so many other diplomatic initiatives. The ceremony would not be complete without a very full attendance from your senior staff and I would be happy to volunteer to help a skeleton crew back in London get the paper out while you are away.

I’m sure we will manage to keep the party line going on your big day.

Modesty must have prevented publication…

FT Editor Awarded Légion d’Honneur For Pro-EU PR

An outstanding private message fail from FT editor Lionel Barber, who is embarrassed to admit he has been awarded the Légion d’Honneur for his pro-EU PR. Barber meant to send this photo of his gong to a friend but accidentally tweeted it publicly. He tried to do it “confidentially because bad publicity in UK right now”. Ooooops!

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…

Jingoism from Guardianistas Over FT Sale


There’s been an outbreak of jingoistic fervour among media luvvies following yesterday’s announcement that Japan’s Nikkei bought the FT for £844 million.

First there was a glorious moment on Newsnight last night when Kirsty Wark felt the need to assure Will Hutton “I’m not suggesting you’re a racist at all” as she questioned his line that foreign owners of British media might not have the correct “purpose“.

Wark: What you seem to be suggesting is, that there should be some kind of imperial protectionism here

Hutton: I’m not suggesting that at all, what I’m saying is…

Wark: I’m not suggesting you’re a racist at all

This morning we have the odd declaration on the Guardian‘s front page that it is “British based” and “British owned“. Complete with a Union Jack Flag..

guardian front page

Odd when you consider that the Guardian wins its prized Pulitzers in the US and keeps its assets untaxed in the Cayman Islands…

Japan’s Nikkei Buys FT For £844 Million

Despite fevered speculation, it’s nein from Axel Springer. Market Watch has the scoop:

Japanese financial newspaper Nikkei said Thursday that it is buying Financial Times from U.K. publishing group Pearson PLC for 160 billion yen, or $1.29 billion.

Who are Nikkei? Publisher of Nihon Keizai Shimbun, Japan’s leading financial newspaper, and various TV channels and English language publications. Pearson keep the Economist…

The FT will be looking for a new newsroom…

Beth Rigby Swaps FT for the Times

MediaGuido understands the FT’s deputy political editor Beth Rigby is joining the Times as their media editor.

Can also reveal the Sun’s Kate McCann is joining the Telegraph as their Senior Political Correspondent.

On a busy day of media moves:

  • Ann Treneman quits as Times sketchwriter to be chief theatre critic
  • Patrick Kidd replaces her
  • Jane Merrick leaving Sindy pol ed

Summer transfer window well and truly open…

UPDATE: And Buzzfeed continue their hiring policy of giving a job to every tedious lefty from Twitter, taking on the Guardian’s James Ball.[…]


Desmond’s Bill

Remember Desmond’s PFL with the FT? Well:

Given Desmond’s company banned kettles from the newsroom, it’s unlikely his own papers would nod this through. […]


Cameron’s Uber Pals Square Up Against Boris

uber rachel

Boris Johnson’s announcement last week that he would like to reduce the number of private hire vehicles on London’s roads have paved the way for new Uber hire Rachel Whetstone to mark her territory. Boris’ thinly-veiled attack on private car hire app Uber has sent the company’s increasingly effective communications department into overdrive.[…]


Blue ‘un: FT Endorses Tory-Led Coalition

As predicted by Guido two weeks ago, the FT backs the Tories over Miliband:

“Mr Miliband is preoccupied with inequality. His prescription is an increase in taxes such as restoring the 50p level for high earners and imposing an ill-conceived mansion tax.



Blue ‘Un: FT Likely to Endorse Cameron


A few weeks ago Ed Miliband went into the FT to meet the senior editorial team and put his case. The FT is the most Europhile paper in Britain, with a surprisingly large number of left-of-centre journalists for a business paper.[…]


No Sun, No Comment


Well done to the FT’s Chris Giles, George Parker and Vincent Boland for the front page confirmation today of Guido’s story from back in October about the Tory offer to the Northern Irish unionists on corporation tax. As Guido’s readers in The Sun and here already know, the Tories have promised a deal on business taxes to allow Northern Ireland to compete with the Republic’s lower taxes.[…]


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“Isn’t it time we stopped banging on about Europe?”

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