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

Theresa May tells Bercow:

“Mr Speaker-elect, can I congratulate you on your re-election. At least someone got a landslide.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Happy Independence Day! Happy Independence Day!
Sun Cleared by Hospital Sun Cleared by Hospital
Exporters Order Books at 29 Year High Exporters Order Books at 29 Year High
Corbyn Refuses to Bow to The Queen Corbyn Refuses to Bow to The Queen
McDonnell Repeatedly Backed Far Left ‘Day of Rage’ Group McDonnell Repeatedly Backed Far Left ‘Day of Rage’ Group
“Soft” and “Hard” Brexit Terms Obsolete “Soft” and “Hard” Brexit Terms Obsolete
Hammond’s “Sound Money” Speech Sadly All Spin Hammond’s “Sound Money” Speech Sadly All Spin
Tommy Robinson Called British Muslims “Enemy Combatants” Tommy Robinson Called British Muslims “Enemy Combatants”
Corbyn Praised at London Hezbollah Rally Corbyn Praised at London Hezbollah Rally
Government Understaffed – Key SpAd Vacancies Up for Grabs Government Understaffed – Key SpAd Vacancies Up for Grabs
Sunday Shows Sunday Shows
Clive Lewis: “Burn Neoliberalism” Clive Lewis: “Burn Neoliberalism”
Corbynista Ultras Involved in Storming Kensington Council Corbynista Ultras Involved in Storming Kensington Council
CCHQ Already Preparing for Next Election CCHQ Already Preparing for Next Election
CCHQ Diverted Resources from ‘Safe Seats’ Tories Lost CCHQ Diverted Resources from ‘Safe Seats’ Tories Lost
Constituent Claims New Labour MP Called Her “Ugly B*tch” Constituent Claims New Labour MP Called Her “Ugly B*tch”
Corbyn vs Blair Corbyn vs Blair
How to Speak Like a Corbynista How to Speak Like a Corbynista