Now then, what am bid? Chris Evans, claims to be a newspaper editor ... now come on Sir, this is not a fire sale ... oh hang on a minute, actually, it is
Do go on. “Lloyds inherited a series of loans to the Barclay family after the takeover of Bank of Scotland in the midst of the financial crisis. It is understood that the bank has written down the value of the loans in recent years. A source said that after years of negotiations the bank felt it was reaching ‘the end of the road’ in the relationship”. There was more.
“Alongside the Telegraph Media Group and the Spectator magazine, the Barclay family own Very, the online retail business”. So is it a bundle? Not just the Telegraph titles, but also the increasingly alt-right Spectator magazine? Along with a little jeopardy on the side for former Murdoch editor Andrew Neil, the mag’s chairman? It seems it is. And today, the Guardian had yet more.
“The Daily and Sunday Telegraph are to be put up for sale in an auction after the Barclay family lost control of their crown jewel media assets in a bitter row with the newspaper group’s lender … Lloyds Banking Group is understood to have appointed AlixPartners as the official receiver to seize the shares owned by the Barclay family in the holding company that ultimately controls the national newspapers and the Spectator magazine”. Tell us more.
“According to multiple sources the bank, which has taken the action after becoming frustrated at the repayment of a loan amounting to hundreds of millions of pounds, intends to remove Barclay family-appointed board members and move to auction off the Telegraph titles and Spectator”.
Whatever anyone is prepared to pay for the Tel and Speccy, the sad reality about the former is that, over the 19 years since the Barclays bought it, the former paper of record has been first turned into a broadsheet Mail (hence the Private Eye jibe of Maily Telegraph) and later nothing better than a broadsheet Express. The content and staff have been hollowed out.
“Exactly how much of your salary bankrolls the welfare state … Britain isn’t working - calculate what it’s costing you” was the headline last Thursday, as a supposedly reputable newspaper exhumed the Nazi-era idea of the idle and disabled weighing down on all those decent and hardworking people. The article enjoyed the endorsement of the Tel’s editor Chris Evans, thereby confirming that he was, and remains, a total and absolute shit.
“Of the 5.2 million people claiming out-of-work benefits, roughly 3.7 million have been granted indefinite exemptions from finding a job, following a surge in claims of mental health issues and joint pain during the pandemic, it emerged last week” readers were told. So whose press release is this?
As if you need to ask. “On top of this, the controversial decision to maintain the state pension triple lock is estimated to cost taxpayers £1,000 each over the next four years, according to calculations by the TaxPayers’ Alliance, a think tank”. Think tank my arse. The so-called Taxpayers’ Alliance is an Astroturf lobby group. And this is just plain old-fashioned hate speech.
That is confirmed by the line “It raises the question, just how much of our hard-won salaries are spent on the benefits of those who do not work? With the calculator below, Telegraph Money can now reveal how much of your salary goes towards bankrolling the welfare state”. And then Instant Karma hit Evans, his Sunday editor Allister Heath, Spectator chairman Andrew Neil, and the magazine’s supremely disingenuous editor Fraser Nelson.
They are also up for sale. It would be a terrible pity if nobody wanted to buy.
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2 comments:
It was only a matter of time before the establishment openly went after the welfare state. A logical development of its gradual move into urfascism. The daft bastards are so thick they haven't even realised the welfare state is the main prevention of eventual revolution. As John Kennedy said, "Those who make peaceful revolution impossible make violent revolution inevitable."
What this episode shows is just how deep rooted is sociopathy in the establishment. Calling in the loan won't make the slightest difference to that core mentality. It will simply shift the day of reckoning further down the road - unless there is a peaceful recognition that this far right insanity cannot go on, that enough is enough.
The money ‘given’ in benefits is almost without exception, re- invested in the economy! These people have been dealt a bum hand in life and they need to, and will spend every last farthing on existing. That money quickly re-enters the economy. However give that same total amount to the already rich and, whoosh, off it goes into an offshore account, benefitting no-one, not even them as all they do is stare at a figure on a piece of paper. My wife is a recipient of the relatively paltry state pension and each month that is spent, virtually to the last penny, thus supporting the economy. I don’t accept that the state pension is a ‘benefit’, it is an absolute right, earned from 50years of endeavour.
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