Is the BBC’s Today programme scared of Rupert Murdoch?

Curious silence over Hugh Grant’s scoop.

Even Roy Greenslade, in a rather sour Guardian piece, grudgingly conceded that Hugh Grant's hilarious entrapment of the former News of the World executive Paul McMullan was a decent story, at the same time offering the startling observation that online was now more influential than print (Roy, surely not!).

Grant's report for our issue of 11 April has become a global media sensation, as Greenslade knows. The traffic from all over the world has been so great that on several occasions our website has crashed. Last night, ITV's News at 10 broadcast extracts from Hugh's secretly recorded conversation with McMullan at his pub in Dover.

To its credit, Sky News also wanted to broadcast extracts, having contacted us about the article on several occasions. However, the BBC has been curiously silent, and has made no attempt to report what most other media outlets and most of the Twittersphere – oh yes, Hugh Grant has been trending – have conceded to be a significant story.

When Jemima Khan and I were discussing her guest edit of the New Statesman we agreed that she would do only two interviews to promote it, one print (the London Evening Standard) and one broadcast. BBC2's Newsnight wanted to have her on the programme to talk about Julian Assange and WikiLeaks. That didn't interest us. I thought the Today programme, with its six million listeners, would be preferable.

I spoke to a contact at Today and, in confidence, told him about the Hugh Grant story and its implications. He was very interested and said that his night editor – this was on the evening of Wednesday 6 April, just ahead of publication of the magazine – would call me back to discuss having Jemima on the programme the following morning to talk about Hugh, phone-tapping and the News of the World. (In his report Hugh revealed for the first time that he had been hacked by the News of the World, not an uninteresting revelation, and one that Jemima, his former girlfriend, was happy to discuss candidly in her only broadcast media interview.)

In the event, the night editor did not call me back, not even by way of courtesy. Our conclusion is that the Today programme either has no sense of a story or, more likely, someone there was alarmed at the prospect of covering Grant's adventure as an undercover reporter and some of the more powerful allegations made by McMullan, who seems like a first-rate huckster.

Something similar happened when my colleague Helen Lewis-Hasteley spoke to Radio 5's Drive programme this week to discuss appearing on the show, as she sometimes does. "Would you like me to talk about Hugh Grant?" she asked. There was a chorus of "Nos" from the producers. Similarly, she spent 20 minutes talking to BBC Radio Kent on Friday 8 March, in a spiky interview covering the ethics of covert recordings and whether the New Statesman was "buying into celebrity culture". It was not broadcast.

"I can understand some of the frustration the Guardian must feel about this story," says Helen. "To give them their credit, they have been plugging away at this issue for months – while many other commentators said there was 'nothing to see here' – and have been studiously ignored for their trouble. Even now there have been further arrests, and News International has apologised and offered payouts to several victims, the extent of the media silence is astonishing."

What is going on? What is it about this story that makes the BBC so anxious? Could it be that independent BBC editors are operating a form of self-censorship because they fear ... what, exactly? What is that our licence-fee-funded, "impartial", public-service broadcaster fears about the Murdoch family and its tentacular grip on power in Britain? Or has an edict come down from on high? We should be told.

Update: The BBC have been in touch to say that the interview with Helen was in fact broadcast - elsewhere in the programme.

Jason Cowley is editor of the New Statesman. He has been the editor of Granta, a senior editor at the Observer and a staff writer at the Times.

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Stability is essential to solve the pension problem

The new chancellor must ensure we have a period of stability for pension policymaking in order for everyone to acclimatise to a new era of personal responsibility in retirement, says 

There was a time when retirement seemed to take care of itself. It was normal to work, retire and then receive the state pension plus a company final salary pension, often a fairly generous figure, which also paid out to a spouse or partner on death.

That normality simply doesn’t exist for most people in 2016. There is much less certainty on what retirement looks like. The genesis of these experiences also starts much earlier. As final salary schemes fall out of favour, the UK is reaching a tipping point where savings in ‘defined contribution’ pension schemes become the most prevalent form of traditional retirement saving.

Saving for a ‘pension’ can mean a multitude of different things and the way your savings are organised can make a big difference to whether or not you are able to do what you planned in your later life – and also how your money is treated once you die.

George Osborne established a place for himself in the canon of personal savings policy through the introduction of ‘freedom and choice’ in pensions in 2015. This changed the rules dramatically, and gave pension income a level of public interest it had never seen before. Effectively the policymakers changed the rules, left the ring and took the ropes with them as we entered a new era of personal responsibility in retirement.

But what difference has that made? Have people changed their plans as a result, and what does 'normal' for retirement income look like now?

Old Mutual Wealth has just released. with YouGov, its third detailed survey of how people in the UK are planning their income needs in retirement. What is becoming clear is that 'normal' looks nothing like it did before. People have adjusted and are operating according to a new normal.

In the new normal, people are reliant on multiple sources of income in retirement, including actively using their home, as more people anticipate downsizing to provide some income. 24 per cent of future retirees have said they would consider releasing value from their home in one way or another.

In the new normal, working beyond your state pension age is no longer seen as drudgery. With increasing longevity, the appeal of keeping busy with work has grown. Almost one-third of future retirees are expecting work to provide some of their income in retirement, with just under half suggesting one of the reasons for doing so would be to maintain social interaction.

The new normal means less binary decision-making. Each choice an individual makes along the way becomes critical, and the answers themselves are less obvious. How do you best invest your savings? Where is the best place for a rainy day fund? How do you want to take income in the future and what happens to your assets when you die?

 An abundance of choices to provide answers to the above questions is good, but too much choice can paralyse decision-making. The new normal requires a plan earlier in life.

All the while, policymakers have continued to give people plenty of things to think about. In the past 12 months alone, the previous chancellor deliberated over whether – and how – to cut pension tax relief for higher earners. The ‘pensions-ISA’ system was mooted as the culmination of a project to hand savers complete control over their retirement savings, while also providing a welcome boost to Treasury coffers in the short term.

During her time as pensions minister, Baroness Altmann voiced her support for the current system of taxing pension income, rather than contributions, indicating a split between the DWP and HM Treasury on the matter. Baroness Altmann’s replacement at the DWP is Richard Harrington. It remains to be seen how much influence he will have and on what side of the camp he sits regarding taxing pensions.

Meanwhile, Philip Hammond has entered the Treasury while our new Prime Minister calls for greater unity. Following a tumultuous time for pensions, a change in tone towards greater unity and cross-department collaboration would be very welcome.

In order for everyone to acclimatise properly to the new normal, the new chancellor should commit to a return to a longer-term, strategic approach to pensions policymaking, enabling all parties, from regulators and providers to customers, to make decisions with confidence that the landscape will not continue to shift as fundamentally as it has in recent times.

Steven Levin is CEO of investment platforms at Old Mutual Wealth.

To view all of Old Mutual Wealth’s retirement reports, visit: products-and-investments/ pensions/pensions2015/