In this week's NS: Evgeny Lebedev profile

The owner of the <em>Independent</em> and <em>Evening Standard</em> speaks to the <em>NS</em> about

In this week's New Statesman, the owner of the Independent titles and the London Evening Standard, Evgeny Lebedev, speaks to Sophie Elmhirst about why he admires David Cameron, why he is on the lookout for another newspaper to buy, and why his father, Alexander Lebedev, is considering legal action against the Guardian. Elmhirst writes:

According to an interview in the Guardian, his father hinted that the Independent's editor-in-chief, Simon Kelner, might be replaced and some staff made redundant. He was reported to have said that he found the newspaper "a bit boring" and that he was more entertained by the Daily Mail. Evgeny, when we speak on the phone the day after the interview is published, is unimpressed; he says the report was based on an off-the-record conversation and that his father's comments were taken out of context. "That is not ethical journalism," he argues. His father is now considering legal action against the Guardian.

Despite owning all three Independent titles and the Evening Standard, he seems anxious to expand his print portfolio.

In the context of the newspaper industry's struggles and experiments, Lebedev is proud of his success at the Standard. Will he be buying more titles? He smiles. "I can't really tell you that. It depends what comes up - if an interesting opportunity comes up, I'll always look at it."

The Independent may take a critical line on the Conservative-led coalition government, but its owner admits that he is an admirer of David Cameron. Elmhirst writes:

[Lebedev] also makes a point of forging political relationships and has met David Cameron, whom he professes to admire. "I think he will prove to be a great prime minister. He's confident, he makes decisions."

With mayoral elections looming, the Mayor of London, Boris Johnson, also confesses to being a fan of London's main evening paper and its proprietor.

"I am proud to call him a friend and a Londoner," gushes Boris Johnson, when asked for his thoughts on Lebedev. "This great city of ours would be a lot poorer without him and the vibrant, creative Russian community who contribute so much."

To read the profile in full, pick up a copy of this week's New Statesman, available on news-stands from tomorrow, or subscribe to the magazine.

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Can Philip Hammond save the Conservatives from public anger at their DUP deal?

The Chancellor has the wriggle room to get close to the DUP's spending increase – but emotion matters more than facts in politics.

The magic money tree exists, and it is growing in Northern Ireland. That’s the attack line that Labour will throw at Theresa May in the wake of her £1bn deal with the DUP to keep her party in office.

It’s worth noting that while £1bn is a big deal in terms of Northern Ireland’s budget – just a touch under £10bn in 2016/17 – as far as the total expenditure of the British government goes, it’s peanuts.

The British government spent £778bn last year – we’re talking about spending an amount of money in Northern Ireland over the course of two years that the NHS loses in pen theft over the course of one in England. To match the increase in relative terms, you’d be looking at a £35bn increase in spending.

But, of course, political arguments are about gut instinct rather than actual numbers. The perception that the streets of Antrim are being paved by gold while the public realm in England, Scotland and Wales falls into disrepair is a real danger to the Conservatives.

But the good news for them is that last year Philip Hammond tweaked his targets to give himself greater headroom in case of a Brexit shock. Now the Tories have experienced a shock of a different kind – a Corbyn shock. That shock was partly due to the Labour leader’s good campaign and May’s bad campaign, but it was also powered by anger at cuts to schools and anger among NHS workers at Jeremy Hunt’s stewardship of the NHS. Conservative MPs have already made it clear to May that the party must not go to the country again while defending cuts to school spending.

Hammond can get to slightly under that £35bn and still stick to his targets. That will mean that the DUP still get to rave about their higher-than-average increase, while avoiding another election in which cuts to schools are front-and-centre. But whether that deprives Labour of their “cuts for you, but not for them” attack line is another question entirely. 

Stephen Bush is special correspondent at the New Statesman. His daily briefing, Morning Call, provides a quick and essential guide to domestic and global politics.

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