Follow the JP Morgan Money

Ed Miliband has all but outsourced the writing of next year’s manifesto to ‘charity’ think-tank IPPR, the Labour wonkshop recently referred to the Charity Commission for breaching impartiality rules.  They don’t really like to shout about who funds their work, yet they’re nicely set up for the next few years with £780,000 this year and a further £1.6 million expected over the next two years from JP Morgan – the investment bankers Ed likes to demonise. As Guido noted earlier this month, IPPR is stuffed to the rafters with former officials from the last Labour government, not least Jack Straw’s son Will, Labour’s candidate in Rossendale and Darwen, who is their Associate Director. Guido will have more on this tomorrow.

IPPR used to be nicknamed Tony Blair’s favourite think tank. Completely coincidental to the £2.5 million bung, Blair is an official adviser to the board of JP Morgan…




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Quote of the Day

Philip Hammond uses a trip to Berlin to mock the Foreign Secretary:

“A compromise is the art of dividing a cake in such a way that everyone believes he has the biggest piece. Wise words with some applicability to the Brexit negotiations although I try to discourage talk of “cake” amongst my colleagues.”

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