Phillip Schofield's List shows the danger of treating internet rumours as news

Sometimes big stories can be ignored by news organisations because there is corruption, and sometimes because they simply can’t be stood up. So when did we start putting so much trust in Twitter rumours and David Icke?

“It took a momentary, cursory glance at the internet,” said Phillip Schofield, explaining the list of suspected paedophiles he handed over to David Cameron yesterday.

Schofield’s List made good television, as the presenter dramatically handed over the names on a This Morning branded card. But it didn’t make sense. And it wasn’t good journalism.

This was the moment when internet rumours and "cursory glances" became good enough. What did it achieve, this handing over of names from a few websites? It didn’t tell Cameron anything he didn’t already know; but it did make This Morning the biggest story of the day.

In the fallout from the Jimmy Savile revelations, there’s been a growing hubbub about suspected paedophile stories. There are several strands: delving into the murky past of light entertainers; looking at the sinister-sounding connections between Savile, the police and powerful people; and occasionally tying everything together into a giant conspiracy.

Normally rational internet folk have been linking to the likes of David Icke, suggesting that a man with an outlandishly unrealistic worldview could be near to the truth with this particular conspiracy theory. Names of former Prime Ministers have been dragged up and linked to paedophilia. Former ministers have been accused. Links to freemasonry, serial killers and the occult have been made. It is an overwhelming, astonishing story, if true.

If true.

But where is the evidence, the real evidence?  

Newsnight’s report began the latest deluge, though it was not directly responsible for it. However, the existence of the programme escalated the obscene guessing games which had previously focused on Savile’s entertainment contemporaries, and switched the focus to politicians.

At the heart of the report was an earnest attempt to establish what had been going on in care homes, and sensitive interviews with survivors. But that must now be seen in the light of today’s mistaken identity story in the Guardian – which is not an attack on the victim at the heart of the story, or a "rowing back" from the investigation, but an attempt to ascertain facts. Facts are all that we as consumers have to go on, and it’s vital that those broadcasters and old media that we still trust value them as deeply as possible.

If we are not careful, the facts recede into the distance amid all the lurid speculation and rumour. A "momentary, cursory glance at the internet" brings up all kinds of accusations: the bizarre, wrong, lying, deliberately smearing and occasionally correct.

Sometimes big stories can be ignored by news organisations because there is corruption, and sometimes because they simply can’t be stood up. Sometimes names are not made public – not out of deference to powerful perpetrators, but because there’s not enough evidence.

All the speculation diminishes the kernel of the story, which is that many people who have been horribly exploited and abused are finding the confidence to come forward. It is right that they are not disbelieved, and it is right that the way in which previous allegations were dealt with should be investigated; but it doesn’t necessarily follow that there was a massive cover-up. Nor does it follow that every single allegation is true, regardless of evidence. Perhaps some confusion arises when readers and viewers don’t realise that you can say what you like about the dead, but not about the living.

Now, more than ever, we need our traditional news outlets to be absolutely certain before they publish or broadcast, given the mass of wrong and misleading information out there. It’s what we as readers and viewers deserve, and should demand as a minimum standard. If we don’t, there will be no difference between "a cursory glance on the internet" and news.

The moment when Phillip Schofield handed David Cameron the list on This Morning.
Patrolling the murkier waters of the mainstream media
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The Autumn Statement proved it – we need a real alternative to austerity, now

Theresa May’s Tories have missed their chance to rescue the British economy.

After six wasted years of failed Conservative austerity measures, Philip Hammond had the opportunity last month in the Autumn Statement to change course and put in place the economic policies that would deliver greater prosperity, and make sure it was fairly shared.

Instead, he chose to continue with cuts to public services and in-work benefits while failing to deliver the scale of investment needed to secure future prosperity. The sense of betrayal is palpable.

The headline figures are grim. An analysis by the Institute for Fiscal Studies shows that real wages will not recover their 2008 levels even after 2020. The Tories are overseeing a lost decade in earnings that is, in the words Paul Johnson, the director of the IFS, “dreadful” and unprecedented in modern British history.

Meanwhile, the Treasury’s own analysis shows the cuts falling hardest on the poorest 30 per cent of the population. The Office for Budget Responsibility has reported that it expects a £122bn worsening in the public finances over the next five years. Of this, less than half – £59bn – is due to the Tories’ shambolic handling of Brexit. Most of the rest is thanks to their mishandling of the domestic economy.

 

Time to invest

The Tories may think that those people who are “just about managing” are an electoral demographic, but for Labour they are our friends, neighbours and the people we represent. People in all walks of life needed something better from this government, but the Autumn Statement was a betrayal of the hopes that they tried to raise beforehand.

Because the Tories cut when they should have invested, we now have a fundamentally weak economy that is unprepared for the challenges of Brexit. Low investment has meant that instead of installing new machinery, or building the new infrastructure that would support productive high-wage jobs, we have an economy that is more and more dependent on low-productivity, low-paid work. Every hour worked in the US, Germany or France produces on average a third more than an hour of work here.

Labour has different priorities. We will deliver the necessary investment in infrastructure and research funding, and back it up with an industrial strategy that can sustain well-paid, secure jobs in the industries of the future such as renewables. We will fight for Britain’s continued tariff-free access to the single market. We will reverse the tax giveaways to the mega-rich and the giant companies, instead using the money to make sure the NHS and our education system are properly funded. In 2020 we will introduce a real living wage, expected to be £10 an hour, to make sure every job pays a wage you can actually live on. And we will rebuild and transform our economy so no one and no community is left behind.

 

May’s missing alternative

This week, the Bank of England governor, Mark Carney, gave an important speech in which he hit the proverbial nail on the head. He was completely right to point out that societies need to redistribute the gains from trade and technology, and to educate and empower their citizens. We are going through a lost decade of earnings growth, as Carney highlights, and the crisis of productivity will not be solved without major government investment, backed up by an industrial strategy that can deliver growth.

Labour in government is committed to tackling the challenges of rising inequality, low wage growth, and driving up Britain’s productivity growth. But it is becoming clearer each day since Theresa May became Prime Minister that she, like her predecessor, has no credible solutions to the challenges our economy faces.

 

Crisis in Italy

The Italian people have decisively rejected the changes to their constitution proposed by Prime Minister Matteo Renzi, with nearly 60 per cent voting No. The Italian economy has not grown for close to two decades. A succession of governments has attempted to introduce free-market policies, including slashing pensions and undermining rights at work, but these have had little impact.

Renzi wanted extra powers to push through more free-market reforms, but he has now resigned after encountering opposition from across the Italian political spectrum. The absence of growth has left Italian banks with €360bn of loans that are not being repaid. Usually, these debts would be written off, but Italian banks lack the reserves to be able to absorb the losses. They need outside assistance to survive.

 

Bail in or bail out

The oldest bank in the world, Monte dei Paschi di Siena, needs €5bn before the end of the year if it is to avoid collapse. Renzi had arranged a financing deal but this is now under threat. Under new EU rules, governments are not allowed to bail out banks, like in the 2008 crisis. This is intended to protect taxpayers. Instead, bank investors are supposed to take a loss through a “bail-in”.

Unusually, however, Italian bank investors are not only big financial institutions such as insurance companies, but ordinary households. One-third of all Italian bank bonds are held by households, so a bail-in would hit them hard. And should Italy’s banks fail, the danger is that investors will pull money out of banks across Europe, causing further failures. British banks have been reducing their investments in Italy, but concerned UK regulators have asked recently for details of their exposure.

John McDonnell is the shadow chancellor


John McDonnell is Labour MP for Hayes and Harlington and has been shadow chancellor since September 2015. 

This article first appeared in the 08 December 2016 issue of the New Statesman, Brexit to Trump