Mordaunt Attacks “Bogus” Leadsom Claims, Defends “Stellar” City CV

Andrea Leadsom has admitted making “misleading” claims about her City career to today’s Times, following up a story questioning her credentials on Iain Martin’s new site Reaction. Andrea’s campaign chief Penny Mordaunt has just been on the Today programme attacking the article as “bogus” and insisting she had a “stellar” banking career. This isn’t the first time an ambitious Tory has been accused of talking up their City CV – remember Sajid Javid last year. Leadsom’s main obstacle is clearly going to be questions over her experience. Guido fact: she has more actual ministerial experience than David Cameron did before he became Tory leader…




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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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