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100 business chiefs back the Conservatives - it's more important than you think

The latest attack on Labour by business may be dismissed as "man bites dog", but it could do damage to the party, albeit indirectly.

103 business leaders have endorsed the Conservatives in a letter to the Telegraph. Does it matter? 

Like Harry Potter's Mirror of Erised, you can see what you want in it. Labour optimists will point out that many of the signatories are Conservative peers and donors. It's likely that the tax affairs of some of the other signatories will now come into the spotlight, which some party insiders believe will harm the Tories.

Labour strategists, who have long-anticipated this attack, also hope that the focus on their offer to business earlier this week - lower business rates for small businesses, no destabilising In-Out referendum on Europe for the big corporates - will sufficiently muddy the waters that the row doesn't do any damage to the party's standing in the polls.

But pessimists within the party will point to the presence of Duncan Bannatyne, who warned against a Cameron government in 2010, or Sir Charles Dunstone, who endorsed Labour in 2005. They fear that the support of business leaders provides a kitemark of credibility that the party cannot afford to do without.

A lot hinges on how Labour react to the letter. A week-long row with a few - many low-profile - business leaders is unlikely to do Labour much direct damage.  But a week spent on the rather abstract question of whether Ed Miliband is a danger to business is a week spent away from the party's issues. As one MP commented to me during the party's last row with business: "I doubt any of my constituents heard about it. But it certainly meant they didn't hear about the paternity stuff."

Just as the party's announcement on extending paternity leave was overshadowed by Miliband's clash with Boots chief Stefano Pessina, it could be that this row blots out any headlines for Labour's strengthened pledge to curb zero-hours contracts. That's far more worrying than any number of letters to the Telegraph.

Stephen Bush is special correspondent at the New Statesman. He usually writes about politics. 

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Appreciate the full horror of Nigel Farage's pro-Trump speech

The former Ukip leader has appeared at a Donald Trump rally. It went exactly as you would expect.

It is with a heavy heart that I must announce Nigel Farage is at it again.

The on-again, off-again Ukip leader and current Member of the European Parliament has appeared at a Donald Trump rally to lend his support to the presidential candidate.

It was, predictably, distressing.

Farage started by telling his American audience why they, like he, should be positive.

"I come to you from the United Kingdom"

Okay, good start. Undeniably true.

"– with a message of hope –

Again, probably quite true.

Image: Clearly hopeful (Wikipedia Screenshot)

– and optimism.”

Ah.

Image: Nigel Farage in front of a poster showing immigrants who are definitely not European (Getty)

He continues: “If the little people, if the real people–”

Wait, what?

Why is Trump nodding sagely at this?

The little people?

Image: It's a plane with the name Trump on it (Wikimedia Commons)

THE LITTLE PEOPLE?

Image: It's the word Trump on the side of a skyscraper I can't cope with this (Pixel)

THE ONLY LITTLE PERSON CLOSE TO TRUMP IS RIDING A MASSIVE STUFFED LION

Image: I don't even know what to tell you. It's Trump and his wife and a child riding a stuffed lion. 

IN A PENTHOUSE

A PENTHOUSE WHICH LOOKS LIKE LIBERACE WAS LET LOOSE WITH THE GILT ON DAY FIVE OF A PARTICULARLY BAD BENDER

Image: So much gold. Just gold, everywhere.

HIS WIFE HAS SO MANY BAGS SHE HAS TO EMPLOY A BAG MAN TO CARRY THEM

Image: I did not even know there were so many styles of Louis Vuitton, and my dentists has a lot of old copies of Vogue.

Anyway. Back to Farage, who is telling the little people that they can win "against the forces of global corporatism".

 

Image: Aaaaarggghhhh (Wikipedia Screenshot)

Ugh. Okay. What next? Oh god, he's telling them they can have a Brexit moment.

“... you can beat Washington...”

“... if enough decent people...”

“...are prepared to stand up against the establishment”

Image: A screenshot from Donald Trump's Wikipedia page.

I think I need a lie down.

Watch the full clip here:

Stephanie Boland is digital assistant at the New Statesman. She tweets at @stephanieboland