Pred-Ed: Miliband's Shady Dinner with Lobbyists and Predators

Given that this is the week that shady chats and hand shakes in private rooms will be coming under extra scrutiny, Guido thought he would give Ed a gentle reminder of his promise to publish a list of attendees at a suspiciously “private and off the record” dinner held for him at the home of lobbyist-spinmeister Roland Rudd last week:

Ed has turned to the corporate lobbyist to boost his severely dented, if ever existent, reputation in the business world. Roland’s known clients include Murdoch, the Daily Mail, not so environmentally sensitive miners like Rio Tinto and African Barrick Gold. Rudd’s client list includes Boots and easyJet, owned by predatory asset stripping private equity companies, the most aggressive takeover group in the world KKR – the original “Barbarians at the Gate” – investment banks like Deutsche Bank and Standard Chartered, UK taxpayer bailed out banks like Royal Bank of Scotland and Greece’s bankrupt Alpha Bank. Glencore the rogue commodities trading operation run out of Switzerland retains Rudd.

Labour’s current favourite targets the big energy companies like ENI, Shell, EON and Centrica could have been sat round the table with Ed. Embarrassingly UK Uncut favourites Vodafone may have passed the port to Ed and given Rudd represents Wonga, which the Labour Party’s Stella Creasey campaigns against, there will be extortionate interest if they were there. Rudd represents hedge fund operators DE Shaw and the London Stock Exchange, currently home to the unwashed 0.99% in occupation. With all these “predators” at his fingertips, which ones did Rudd choose to give Ed “some straight advice”?  No wonder Ed is reluctant to admit who he had dinner with…




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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