Chuka Umunna: “This scheme, like so many others from this government, was not living up to David Cameron's rhetoric”

Business quote of the day.

“This scheme, like so many others from this government, was not living up to David Cameron's rhetoric”

Business secretary Chuka Umunna criticises the implementation of the government’s start-up loan scheme, which has been extended today to include entrepreneurs up to 30 years old. More than 3,000 people have applied for the loans so far, but in order to meet the target of lending £112m by 2015, 45,000 entrepreneurs will have to take out a loan through the scheme.

Chuka Umunna government’s start-up loan scheme. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

Matt Cardy/Getty Images
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What did Jeremy Corbyn really say about Bin Laden?

He's been critiqued for calling Bin Laden's death a "tragedy". But what did Jeremy Corbyn really say?

Jeremy Corbyn is under fire for describing Bin Laden’s death as a “tragedy” in the Sun, but what did the Labour leadership frontrunner really say?

In remarks made to Press TV, the state-backed Iranian broadcaster, the Islington North MP said:

“This was an assassination attempt, and is yet another tragedy, upon a tragedy, upon a tragedy. The World Trade Center was a tragedy, the attack on Afghanistan was a tragedy, the war in Iraq was a tragedy. Tens of thousands of people have died.”

He also added that it was his preference that Osama Bin Laden be put on trial, a view shared by, among other people, Barack Obama and Boris Johnson.

Although Andy Burnham, one of Corbyn’s rivals for the leadership, will later today claim that “there is everything to play for” in the contest, with “tens of thousands still to vote”, the row is unlikely to harm Corbyn’s chances of becoming Labour leader. 

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