Ed Balls’ £5 Million State Subsidy For The Guardian

Guido isn’t sure who this one is more embarrassing for. While in office, Ed Balls used taxpayers’ money to subsidise the Guardian to the tune of 1% of its turnover. As Secretary of State for Children, Schools and Families, Balls bunged Kings Place £4,899,688 between 2007 and 2010. The money went on services ranging from advertising to training courses. Guardian News & Media had a turnover of £261.9 million in 2007/2008, that year they were the lucky recipients of £2,445,787 from Balls’ department or 1% of their annual turnover. Someone had to help keep them afloat, turns out it was the taxpayer…

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