Lebedev Hit By Huge Indy Losses

Evgeny Lebedev has suffered a huge hit to his pocket after his company announced losses of £24 million for the Independent, i and Evening Standard newspapers over the last financial year. Things were particularly bad for the Indy, which made a pre-tax loss of £18 million. Owen Jones may not get that pay rise he is lobbying after…

Total losses for Lebedev Holdings rose by 22.5% while an unnamed Indy director took home over half a million quid in his pay package – the same amount of money being haemorrhaged by Lebedev’s rags each week.

What a way to run a business…




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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