Labour makes official complaint over Cameron's debt lies

Rachel Reeves writes to the UK Statistics Authority after Cameron claimed in a Conservative Party political broadcast that the coalition "was paying down Britain’s debts".

In last night's Conservative Party political broadcast, David Cameron boasted that the coalition "was paying down Britain’s debts". Except, of course, it's not. Since Cameron entered office, the national debt has risen from £811.3bn (55.3 per cent of GDP) to £1.11trn (70.7 per cent of GDP) and, owing to the lack of growth, the government is set to borrow billions more than Labour planned (the plan Cameron claimed would "bankrupt" Britain).

By 2014-15, the Office for Budget Responsibility forecasts that debt will have increased to £1.4trn (79 per cent of GDP). It's true that the coalition has reduced annual borrowing (the deficit) by 24 per cent since coming to power (from £159 in 2009-10 to £121.6bn in 2011-12), albeit by slashing infrastructure spending, but it's a flat-out untruth to claim that it's "paying down" our debts. 

In response, Labour's shadow chief secretary to the Treasury Rachel Reeves, a former Bank of England economist, has written to the chair of the UK Statistics Authority, Andrew Dilnot, asking him to investigate Cameron's misleading statement. It's worth noting that the Stats Authority has previously forced the Conservatives to correct their claim to have increased real-terms spending on the NHS "in each of the last two years", so there's a good chance of a critical response. 

Here's Reeves's letter in full. 

Andrew Dilnot CBE
Chair, UK Statistics Authority
1 Drummond Gate
London
SW1V 2QQ

24 January 2013

Dear Andrew

I am sure you will agree that it is vital that public debate is informed by accurate use of statistics.

However, in a Party Political Broadcast by the Conservative Party last night, the Prime Minister said:

“We are now halfway through the coalition’s time in government and in two and a half years we have achieved a lot but I know people don’t just want to hear from me, they want to know the facts… So though this government has had to make some difficult decisions, we are making progress. We are paying down Britain’s debts.”

As you will be aware, figures from the Office for National Statistics published this week show that the national debt is not being paid down, but is actually rising. Since this government came to office, public sector net debt has risen from £811.3 billion (55.3 per cent of GDP) in the second quarter of 2010, to £1,111.4 billion at the end of December 2012 (70.7 per cent of GDP).

The Office for Budget Responsibility has also forecast that public sector net debt will continue to rise and the government’s target to get it falling by 2015-16 will not be met.

This is not the first time government Ministers have made similar claims about the national debt. However, last night’s Party Political Broadcast is the first occasion I am aware of when the Prime Minister has made such a claim in a scripted broadcast. This suggests that the Conservative Party may be attempting to deliberately mislead the public about these statistics and the government’s record.

I would be grateful if you could bring some clarity to the situation and advise on how we can ensure that in the future debate on the national debt is accurate and based on the facts.

Yours sincerely,

Rachel Reeves MP

Shadow chief secretary to the Treasury Rachel Reeves.

George Eaton is political editor of the New Statesman.

Photo: Will Ireland
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Rock solid-arity: how fans and bands helped save Team Rock's music magazines

“It was purely helping out friends in a time of need.”

A little over 25 years ago, a journalist friend let me in on the secret of publishing success. He cut his teeth in the Sixties as an editor in the Yippie underground press, wrote for Rolling Stone, Associated Press and the Chicago Sun-Times, then went on to teach at one of America’s most prestigious journalism schools.

The big secret, he had concluded, was community. No more, no less. Get to know your community and serve it well.

A quarter of a century on, it’s sometimes hard to remember what community looks like in newspapers and magazines. Carefully crafted pages have been obscured by a haze of clickbait, engineered to sucker everyone and anyone into donating a drive-by page view for ads. Community has given way to commodity.

But occasionally, there are glimpses of hope. Six months ago, TeamRock.com, built around a group of specialist music magazines including Classic Rock, Metal Hammer and Prog, went into administration.

The Christmas closure came brutally quickly. The Scottish Sun reported that stunned staff in the company’s Lanarkshire headquarters were told they had been made redundant “as a joiner changed the locks on their offices”. In total, 73 staff were laid off; nearly 30 in Scotland and more than 40 in London.

At the close of 2016, the future for the Team Rock brand and its stable of magazine titles was bleaker than a Black Sabbath album. But last month, in an extraordinary reversal of fortunes, TeamRock.com was named the most influential rock music website in the world.

Bargain-basement buy back

Just a fortnight after its shock closure, the brand was bought by former owners Future Plc. In a no-brainer deal, the Bath-based publisher re-acquired the three magazines it had sold to Team Rock’s founders in 2013. It bought back assets sold for £10m at the knockdown price of £800,000 with the bonus of TeamRock.com and Team Rock Radio. The deal rescued large parts of the Team Rock operation – but its soul was saved by the rock and metal community.

Oblivious to any discussions going on to rescue the magazines, readers, music fans and bands came together in a stunning display of loyalty. Hearing that Team Rock staff wouldn’t be getting paid their Christmas wage they took to social media to pledge their support and raised almost £90,000 for redundant staff.

Ben Ward, the organiser of the crowdfunding campaign and frontman for heavy metal band Orange Goblin said he started the appeal with no thought for the business. “It was purely helping out friends in a time of need,” he explained.

He had read all three Team Rock magazines for years, socialised with their staff and promoted his own and other bands in their pages. “To think of a world without any of those magazines – it was devastating,” he said.

The response to the campaign brought him some cheer, with members of bands such as Queen, Rush and Avenged Sevenfold all posting about it on their social media pages. He added: “The whole Christmas period, my phone just wouldn't stop beeping with notifications for another donation.”

Show of solidarity

Though the fundraiser blew up all Ward's expectations, beating his initial target by more than 400 per cent, he didn't seem completely surprised by the scale of the response.

“Heavy metal and hard rock, people that are into that sort of music, we've always been sort of looked down upon. We know it's not commercially the done thing, we know it's not the norm to walk around with long hair and tattoos and dirty leather jackets. But when you see a fellow metal head in the supermarket, you always give them an approving nod. There's a kind of solidarity.”

While favourable capitalist arithmetic has kept the presses rolling – and the online servers going – for Team Rock, it was the music community – empowered by social media – who delivered the real resurrection. With a combined Facebook following of more than 3.5million and a total social media audience of almost five million, it was no surprise TeamRock.com was soon number one in its field.

“What's brilliant about this is that it's based on what music fans share with each other,” explains editor-in-chief Scott Rowley.

TeamRock.com became the most influential rock site based on social media sharing, and came fifth in the top 100 sites across all music genres. The site above it is a hip-hop title, again featured for the strength of its community, according to Rowley. “Those people really know what they're talking about, they want very specific content, and they're not getting served it elsewhere,” he said. “When they get it, they love it and they share it and talk about it and that's their world.”

Responsiblity

Following the outpouring of support for the rock magazines, Rowley now feels a heightened sense of responsibility to do “the right thing” and steer clear of cynical decisions to get clicks or put certain bands on the cover just to sell copies. He believes future success will come down to trust. “Sometimes that feels precarious, but equally I think we're in good hands,” he explains. “We're a business, we've got to make money, but we know what smells fake and where the limits are.”

Zillah Byng-Thorne, CEO of owner Future, recognises the need to balance the realities of running a listed company with the authenticity needed to maintain trust. “What Future is interested in is the passion that underpins specialist media,” she says. “I don't really mind what your passion is, what's important is that it's a passion.”

“No one is sitting around thinking, 'I wonder what bands sound like Thin Lizzy?',” says Rowley. “We're much more a part of their lifestyle, interrupting their day to tell them someone’s just released an album or announced a tour.”

“But it doesn't have to always be about fishing for clicks,” he adds. “I remember [Classic Rock online editor] Fraser Lewry saying, 'Sometimes on social we should just be being social'.”

Being social. Listening. Contributing to the conversation. Sharing the passion. That old-fashioned notion of serving the community. It seems Ward would agree, as he offers the new owners of the magazines he helped to save some advice: “Don't make the same mistakes, investing in things that weren't really necessary from the magazine’s point of view. I'm in no position to tell anyone how to run their business, but on behalf of the rock and metal community…keep it interesting, keep it relevant.”