"Going into administration gives HMV an opportunity for a substantial and decent rebirth."

Business quote of the day.

Andy Heath, chair of UK Music, speaking on the Today Programme:
 
"There is still significant and very large demand for people wanting to buy music in the high street. I think there is a place for a chain but the chain needs to be focussed in a way HMV was unable to be focussed.
 
"Going into administration gives HMV an opportunity for a substantial and decent rebirth."

Photograph: Getty Images

This is a news story from economia.

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NS#235: The Circle of Boris

The New Statesman podcast with Helen Lewis and Stephen Bush.

Helen and Stephen are joined by satirist and Private Eye writer Craig Brown to discuss the royal family and his new book about Princess Margaret. Then they analyse the way that Boris Johnson's Brexit intervention was amplified by the right-wing media. Finally, they answer a vital question: will Corbynism dominate the Labour party forever?

You can subscribe to the podcast through iTunes here or with this RSS feed: http://rss.acast.com/newstatesman, or listen using the player below.

Further reading:

Helen's column about Universal Credit.

Craig Brown's book: Ma'am Darling: 99 Glimpses of Princess Margaret.