Smith Institute Cash for Policy

Guido has just noticed that Gordon’s favourite think-tank, the Smith Institute, has a new publication out today. In it the director-general of the Association of British Insurers (ABI), Stephen Haddrill, calls for a way out for the insurance industry from the “vicious circle of unquantified longevity risks”.

So an insurer does not like risk – is he in the right business? He suggests shifting the risk off insurers onto taxpayers. Of course he wants the industry to be able to offer attractive low premiums by having the insurance industry state subsidised.

Guido expects big business with naked self interest to beg favours from big government, protectionism is the easy way to profits. But shouldn’t an “independent” think tank question the propriety of such an arrangement? Who benefits from this apart from shareholders in insurance companies?

Guido called the Smith Institute to find out how much they were paid by the ABI to produce the report. The public charity refused to answer the question. Guido contacted the ABI’s Jonathan French to ask the same, he has as yet not responded. Guido understands that the Smith Institute got a five-figure sum from the ABI. Would that compromise their independence or integrity?

UPDATE 16:00 : The ABI’s Jonathan French has got back to Guido with the promise of an answer and a request to spell his name correctly.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

John Curtice, professor of politics at Strathclyde University, says….

“The UKIP vote is going to the Tories. That’s the story of the first week of the campaign.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Zac Back? Watch Our Guy News Special Zac Back? Watch Our Guy News Special
Campaign Report: 43 Days To Go Campaign Report: 43 Days To Go
Gallery Guido’s PMQs Sketch Gallery Guido’s PMQs Sketch
Farron U-Turns and Sacks David Ward Farron U-Turns and Sacks David Ward
‘Spring’ Breaks: Jolyon’s Short-Lived New Party ‘Spring’ Breaks: Jolyon’s Short-Lived New Party
More Selection Shenanigans More Selection Shenanigans
Bouattia Ousted Bouattia Ousted
David Ward Becoming a Problem for Farron David Ward Becoming a Problem for Farron
Clive Lewis Slammed by ICM for Fake News Poll Clive Lewis Slammed by ICM for Fake News Poll
Radio 4 Gossips Link Peston to Today Radio 4 Gossips Link Peston to Today
Mirror Chicken Fattened for Election Slaughter Mirror Chicken Fattened for Election Slaughter
Len Tries to Stitch Up Liverpool Walton for His Bag Carrier Len Tries to Stitch Up Liverpool Walton for His Bag Carrier
Starmer on Corbyn: Then and Now Starmer on Corbyn: Then and Now
Updates: Who’s Standing? Who’s Standing Down? Updates: Who’s Standing? Who’s Standing Down?
Banks Bottles It Banks Bottles It
Corbynista Unfurls “Farron Hates Gays” Placard Corbynista Unfurls “Farron Hates Gays” Placard
Esther McVey for Tatton Esther McVey for Tatton
Zac Back? Zac Back?
UKIP’s Islamo-Banifesto UKIP’s Islamo-Banifesto
Karen Danczuk Seeks Selection in Bury Karen Danczuk Seeks Selection in Bury