What next in the phone-hacking battle?

Why Les Hinton's evidence is crucial and a possible replacement for Andy Coulson

The news that Les Hinton, the former News International executive chairman, will give evidence to the Commons media committee as part of its inquiry into the alleged phone hacking by the News of the World is more significant than it appears.

It was Hinton, now chief executive of Dow Jones, who appeared before the committee after the News of the World's former royal editor Clive Goodman and private investigator Glen Mulcaire were jailed in January 2007 for tapping the phones of royal staff.

The key exchange with the committee chairman, John Whittingdale, ran:

Whittingdale: You carried out a full, rigorous internal inquiry and you are absolutely convinced that Clive Goodman was the only person who knew what was going on?

Hinton: Yes, we have and I believe he was the only person, but that investigation, under the new editor, continues.

It's worth noting Hinton's use of the caveat "I believe", which offers him some wriggle room.

Whittingdale has since said that evidence that other reporters were involved in the hacking operation "might contradict" Hinton's testimony.

Expect questions to focus on the emails uncovered by the Guardian suggesting that Neville Thurlbeck, the paper's chief reporter, was also involved.

Let's hope that the committee has more success in its face-off with Hinton than it did with Andy Coulson, the News of the World editor at the time, who still shamelessly maintains that he had no knowledge of the affair.

As I've continually argued, if Coulson did know about the phone hacking then he's too wicked to be the Tories' spin chief, and if he didn't know then he's too stupid to be the Tories' spin chief.

But in the unlikely event that Coulson is forced to step down there may be a replacement waiting in the wings. Conservative sources tell me that Team Cameron regards Matthew d'Ancona, who recently resigned as editor of the Spectator, as the ideal candidate for the job.

George Eaton is political editor of the New Statesman.

Getty
Show Hide image

Donald Trump promises quick Brexit trade deal - but the pound still falls

The incoming President was talking to cast out Brexiteer, Michael Gove. 

The incoming President, Donald Trump, told the Brexiteer Michael Gove he would come up with a UK-US trade deal that was "good for both sides".

The man who styled himself "Mr Brexit" praised the vote in an interview for The Times

His belief that Britain is "doing great" is in marked contrast to the warning of current President, Barack Obama, that Brexit would put the country "at the back of the queue" for trade deals.

But while Brexiteers may be chuffed to have a friend in the White House, the markets think somewhat differently.

Over the past few days, reports emerged that the Prime Minister, Theresa May, is to outline plans for a "hard Brexit" with no guaranteed access to the single market in a speech on Tuesday.

The pound slipped to its lowest level against the dollar in three months, below $1.20, before creeping up slightly on Monday.

Nigel Green, founder and chief executive of the financial planners deVere Group, said on Friday: "A hard Brexit can be expected to significantly change the financial landscape. As such, people should start preparing for the shifting environment sooner rather than later."

It's hard to know the exact economic impact of Brexit, because Brexit - officially leaving the EU - hasn't happened yet. Brexiteers like Gove have attacked "experts" who they claim are simply talking down the economy. It is true that because of the slump in sterling, Britain's most international companies in the FTSE 100 are thriving. 

But the more that the government is forced to explain what it is hoping for, the better sense traders have of whether it will involve staying in the single market. And it seems that whatever the President-Elect says, they're not buying it.


 

 

Julia Rampen is the editor of The Staggers, The New Statesman's online rolling politics blog. She was previously deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines.