Seeking anonymity

In the second of our series on faith in the financial crisis, the Director of the St. Paul's Institu

Each morning at the early service at St Paul’s Cathedral prayers are offered for different groups of City workers in turn. Everyone – office cleaners, financiers, insurance workers, restaurateurs, waiters, street cleaners, builders, and so on – is prayed for. As the credit crunch has bitten harder, so there have been more prayers: those affected are mentioned at the larger services of evensong every night and at the Sunday morning eucharist, attended by hundreds of people. It’s one of the ways the Cathedral can respond to the current situation. Most people don’t know we do it; but we do it, and it’s at the front line of our care.

The atmosphere around the Cathedral in the City, and even more so further east in The Wharf, is strange. There’s a studied air of "business as usual" but the feeling is different. More fear, more uncertainty, less busyness, more reflection. We don’t know who of the many people that come to the Cathedral for quiet prayer are there because of large or small financial worries. We don’t ask people, unless they want to talk, because a Cathedral can offer a great gift to the public: anonymity. It’s a big place and you can mind your own business if you want to. In the mornings, when we open up for Mattins at 7.30, a few people wander in to sit quietly for a moment or two on their way to work. The Cathedral is silent then, and beautiful.

The Cathedral is full of staff, clergy and lay who see themselves as there first and foremost for the people who visit. We are conscious that the City is shaky and that its workers are under horrendous pressure. There is always someone available from our pastoral team to spend time with anyone appearing at our doors in distress. The offices in the vicinity of the Cathedral can ask for passes so that their staff can visit whenever they want to; coming in and out as neighbours, as and when they wish, rather than attend as paying tourists.

The Cathedral is also addressing the broader ethical and social issues arising from the current crisis, seeking to make a serious and challenging contribution to how to emerge from its ravages wiser and better governed. What individual and corporate lessons in business ethics need to be learned? Will financial institutions need to constrain their global ambitions? What should risk strategies look like? What makes for genuine human flourishing? St Paul’s Institute for 21st century ethics is holding a series of debates in October on money: on global institutions and global governance; on the interplay between individual responsibility, rule making and ethics; corporate standard-setting; free markets; and the impact of the credit crunch on the third world. We will bring together practitioners in the financial world, moral philosophers, theologians, social historians and economists, in the Cathedral itself where we can host audiences of up to 2,500 people, for free and un-ticketed events. We can bring together people who wouldn’t otherwise meet - from business, the professions and other walks of life.

We are encouraged by senior figures in the City who advise us that we are playing an important part, as a large religious institution in the heart of the City, in evoking wisdom in the midst of a confusing and frightening time.

Claire Foster is Lay Canon at St Paul’s Cathedral in the City of London and Director of the St Paul’s Institute

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Is Yvette Cooper surging?

The bookmakers and Westminster are in a flurry. Is Yvette Cooper going to win after all? I'm not convinced. 

Is Yvette Cooper surging? The bookmakers have cut her odds, making her the second favourite after Jeremy Corbyn, and Westminster – and Labour more generally – is abuzz with chatter that it will be her, not Corbyn, who becomes leader on September 12. Are they right? A couple of thoughts:

I wouldn’t trust the bookmakers’ odds as far as I could throw them

When Jeremy Corbyn first entered the race his odds were at 100 to 1. When he secured the endorsement of Unite, Britain’s trade union, his odds were tied with Liz Kendall, who nobody – not even her closest allies – now believes will win the Labour leadership. When I first tipped the Islington North MP for the top job, his odds were still at 3 to 1.

Remember bookmakers aren’t trying to predict the future, they’re trying to turn a profit. (As are experienced betters – when Cooper’s odds were long, it was good sense to chuck some money on there, just to secure a win-win scenario. I wouldn’t be surprised if Burnham’s odds improve a bit as some people hedge for a surprise win for the shadow health secretary, too.)

I still don’t think that there is a plausible path to victory for Yvette Cooper

There is a lively debate playing out – much of it in on The Staggers – about which one of Cooper or Burnham is best-placed to stop Corbyn. Team Cooper say that their data shows that their candidate is the one to stop Corbyn. Team Burnham, unsurprisingly, say the reverse. But Team Kendall, the mayoral campaigns, and the Corbyn team also believe that it is Burnham, not Cooper, who can stop Corbyn.

They think that the shadow health secretary is a “bad bank”: full of second preferences for Corbyn. One senior Blairite, who loathes Burnham with a passion, told me that “only Andy can stop Corbyn, it’s as simple as that”.

I haven’t seen a complete breakdown of every CLP nomination – but I have seen around 40, and they support that argument. Luke Akehurst, a cheerleader for Cooper, published figures that support the “bad bank” theory as well.   Both YouGov polls show a larger pool of Corbyn second preferences among Burnham’s votes than Cooper’s.

But it doesn’t matter, because Andy Burnham can’t make the final round anyway

The “bad bank” row, while souring relations between Burnhamettes and Cooperinos even further, is interesting but academic.  Either Jeremy Corbyn will win outright or he will face Cooper in the final round. If Liz Kendall is eliminated, her second preferences will go to Cooper by an overwhelming margin.

Yes, large numbers of Kendall-supporting MPs are throwing their weight behind Burnham. But Kendall’s supporters are overwhelmingly giving their second preferences to Cooper regardless. My estimate, from both looking at CLP nominations and speaking to party members, is that around 80 to 90 per cent of Kendall’s second preferences will go to Cooper. Burnham’s gaffes – his “when it’s time” remark about Labour having a woman leader, that he appears to have a clapometer instead of a moral compass – have discredited him in him the eyes of many. While Burnham has shrunk, Cooper has grown. And for others, who can’t distinguish between Burnham and Cooper, they’d prefer to have “a crap woman rather than another crap man” in the words of one.

This holds even for Kendall backers who believe that Burnham is a bad bank. A repeated refrain from her supporters is that they simply couldn’t bring themselves to give Burnham their 2nd preference over Cooper. One senior insider, who has been telling his friends that they have to opt for Burnham over Cooper, told me that “faced with my own paper, I can’t vote for that man”.

Interventions from past leaders fall on deaf ears

A lot has happened to change the Labour party in recent years, but one often neglected aspect is this: the Labour right has lost two elections on the bounce. Yes, Ed Miliband may have rejected most of New Labour’s legacy and approach, but he was still a protégé of Gordon Brown and included figures like Rachel Reeves, Ed Balls and Jim Murphy in his shadow cabinet.  Yvette Cooper and Andy Burnham were senior figures during both defeats. And the same MPs who are now warning that Corbyn will doom the Labour Party to defeat were, just months ago, saying that Miliband was destined for Downing Street and only five years ago were saying that Gordon Brown was going to stay there.

Labour members don’t trust the press

A sizeable number of Labour party activists believe that the media is against them and will always have it in for them. They are not listening to articles about Jeremy Corbyn’s past associations or reading analyses of why Labour lost. Those big, gamechanging moments in the last month? Didn’t change anything.

100,000 people didn’t join the Labour party on deadline day to vote against Jeremy Corbyn

On the last day of registration, so many people tried to register to vote in the Labour leadership election that they broke the website. They weren’t doing so on the off-chance that the day after, Yvette Cooper would deliver the speech of her life. Yes, some of those sign-ups were duplicates, and 3,000 of them have been “purged”.  That still leaves an overwhelmingly large number of sign-ups who are going to go for Corbyn.

It doesn’t look as if anyone is turning off Corbyn

Yes, Sky News’ self-selecting poll is not representative of anything other than enthusiasm. But, equally, if Yvette Cooper is really going to beat Jeremy Corbyn, surely, surely, she wouldn’t be in third place behind Liz Kendall according to Sky’s post-debate poll. Surely she wouldn’t have been the winner according to just 6.1 per cent of viewers against Corbyn’s 80.7 per cent. 

Stephen Bush is editor of the Staggers, the New Statesman’s political blog.