david cameron

Jim Pickard

Hillary Clinton yesterday signalled that a no-fly zone in Libya should be led by the UN rather than by the US. (“I think it’s very important that it is not a US-led effort because this comes from the people of Libya themselves…We think it is important that the United Nations make that decision.”) The secretary of state clearly does not want it to look as if the US is flexing its muscles unilaterally once again.

The British position is slightly more subtle, however. As the Downing St spokesman said this morning at lobby: “Our position is as set out by the foreign secretary statement; it said we needed international support , a clear trigger and an appropriate legal basis.“ Read more

Jim Pickard

One Tory MP buttonholed me this morning to ask why the FT this morning carried a story about the donations from the Square Mile to his party. (Donations from financiers and City firms now account for more than half the £22.5m the Conservatives attracted last year.)

You should hardly be surprised by now that your readers support our party,” he observed.

Up to a point, Lord Copper. Yes, the City has always backed the Tories (with a temporary swing away during the peak of New Labour) while the unions are the cornerstone of Labour.

Plus the proportion of City money going to the Tories has actually fallen from 52 per cent in 2009 to 51 per cent last year, if you look closely at the figures in the report by the Bureau of Investigative Journalism.

But the underlying trend is still worth reporting (it’s also the splash in the Guardian) as it shows a medium-term rise in the proportion of funding from city sources – up from just 25 per cent in 2005. Read more