Daily Archives: July 7, 2011

Kiran Stacey News of the World to close – full statement

July 7, 2011 4:56 pm by Kiran Stacey

Apparently sensational news from News International – this Sunday will see the last edition of the News of the World. Drastic action, so it seems, to distance the company once and for all from the hacking saga.

One note of caution: Michael White at the Guardian predicts this is a move to help the company streamline operations, and that it will launch a seven-day Sun, which would be the NotW in all but name.

I have no idea whether that is the case. But for now, here is NI’s full statement:

News International today announces that this Sunday, 10 July 2011, will be the last issue of the News of the World.

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Posted in UK politics |

Kiran Stacey Osborne kills consumer confidence (but Wills and Kate help restore it)

July 7, 2011 1:35 pm by Kiran Stacey

Top stuff here from Bloomberg’s Rob Hutton (@robdothutton).

Since the coalition government took over, and particularly since George Osborne laid out exactly which cuts he would make, confidence of UK consumers in the economy has nosedived.

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Posted in Conservatives, Deficit, Recession, Treasury |

Kiran Stacey How bad is phone hacking for David Cameron?

July 7, 2011 12:40 pm by Kiran Stacey

I wrote yesterday that David Cameron and the Tories in general are finding themselves on the wrong side of public opinion over phone hacking. Some think it is far worse than that.

Peter Oborne has written columns in both the Spectator and the Telegraph today ripping into Cameron and his government for their ties to News International. In a piece for The Telegraph headlined David Cameron is in the sewer because of his News International friends, Oborne says phone hacking will be as damaging for Cameron as Iraq was for Tony Blair. He says:

David Cameron, who has returned from Afghanistan as a profoundly damaged figure, now faces exactly such a crisis. The series of disgusting revelations concerning his friends and associates from Rupert Murdoch’s News International has permanently and irrevocably damaged his reputation.

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Posted in Conservatives, David Cameron, Ed Miliband, Labour |