Eton-ian Gives Chuka £15,000

chuka ETONIAN

Always interesting to see which Labour moderates are quietly amassing war chests via donations from rich City types. Chuka Umunna has trousered £15,000 from Eton Capital Management hedgie Nick Campsie and another £7,500 from Innocent Smoothies boss Richard Reed, supposedly to fund his naff Vote Leave Watch idea. Eton Park made $21.2 million after Brexit by betting on gold

Tristram Hunt has raked in over £100,000 over the last few months, including £10,000 from raging posho Alison Wedgwood. Dan Jarvis has had another few grand off major Labour donor Trevor Chinn. No new money for Angela Eagle or Owen Smith…




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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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