Is this the end for Jeremy Hunt?

Culture Secretary under pressure after acting as a "cheerleader" for the BSkyB bid.

Jeremy Hunt is swiftly emerging as the cabinet minister with the most questions to answer following James Murdoch's testimony to the Leveson inquiry. Rupert Murdoch has submitted 163 pages of emails between News Corp lobbyist Frederic Michel and Hunt's special adviser to the inquiry, which suggest that the Culture Secretary, in the words of Robert Jay, QC, acted as a "cheerleader" for the BSkyB bid. Even before he acquired ministerial responsibility for the deal, Hunt received "strong legal advice" not to meet James Murdoch but, according to the emails, later offered to speak to him on the phone. In addition, through his special adviser, he allegedly communicated his personal support for the deal. On 15 June 2010, Hunt's special adviser reportedly told Michel, that he didn't believe there was a "media plurality issue" and that "the UK government would be supportive throughout the process".

In December, after Ofcom outlined its concerns over the bid, Michel claimed he had a "very good debrief with Hunt ... he is pretty amazed by its findings, methodology and clear bias. He very much shares our views on it."

With the full emails due to be published online after Murdoch's appearance ends at 4pm, worse is likely to come.

Hunt has never made any secret of his admiration for News Corp and Murdoch snr. In an interview with Broadcast magazine while shadow culture secretary, he argued:

Rather than worry about Rupert Murdoch owning another TV channel, what we should recognise is that he has probably done more to create variety and choice in British TV than any other single person because of his huge investment in setting up Sky TV which, at one point, was losing several million pounds a day.

We would be the poorer and wouldn't be saying that British TV is the envy of the world if it hadn't been for him being prepared to take that commercial risk. We need to encourage that kind of investment.

But given that he told MPs on 3 March that "at every stage of this process (the BSkyB deal) we have sought to be completely transparent, impartial and fair" the exchanges are deeply embarrassing and could even prove fatal. Indeed, Ladbrokes has just suspended betting on him being the next minister to leave the cabinet.

Culture Secretary Jeremy Hunt Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Forget gaining £350m a week, Brexit would cost the UK £300m a week

Figures from the government's own Office for Budget Responsibility reveal the negative economic impact Brexit would have. 

Even now, there are some who persist in claiming that Boris Johnson's use of the £350m a week figure was accurate. The UK's gross, as opposed to net EU contribution, is precisely this large, they say. Yet this ignores that Britain's annual rebate (which reduced its overall 2016 contribution to £252m a week) is not "returned" by Brussels but, rather, never leaves Britain to begin with. 

Then there is the £4.1bn that the government received from the EU in public funding, and the £1.5bn allocated directly to British organisations. Fine, the Leavers say, the latter could be better managed by the UK after Brexit (with more for the NHS and less for agriculture).

But this entire discussion ignores that EU withdrawal is set to leave the UK with less, rather than more, to spend. As Carl Emmerson, the deputy director of the Institute for Fiscal Studies, notes in a letter in today's Times: "The bigger picture is that the forecast health of the public finances was downgraded by £15bn per year - or almost £300m per week - as a direct result of the Brexit vote. Not only will we not regain control of £350m weekly as a result of Brexit, we are likely to make a net fiscal loss from it. Those are the numbers and forecasts which the government has adopted. It is perhaps surprising that members of the government are suggesting rather different figures."

The Office for Budget Responsibility forecasts, to which Emmerson refers, are shown below (the £15bn figure appearing in the 2020/21 column).

Some on the right contend that a blitz of tax cuts and deregulation following Brexit would unleash  higher growth. But aside from the deleterious economic and social consequences that could result, there is, as I noted yesterday, no majority in parliament or in the country for this course. 

George Eaton is political editor of the New Statesman.