George Osborne has defended his employer BlackRock’s half-a-billion pound investment on the front page of the Evening Standard. In the most glaring conflict of interest since his editorship began, today’s Standard blasts Rebecca Long-Bailey as “out of touch” for criticising Uber, and favourably quotes her own colleagues who support the taxi app. BlackRock, which invested in Uber in 2014, has a stake now worth some £500 million. BlackRock pays Osborne a salary of £600,000 for 48 days work per year.
BlackRock keeps Osborne on retainer and it is in BlackRock’s direct financial interests to see Uber defended, Osborne will no doubt argue that he defends Uber on the Evening Standard front page for liberal reasons. Guido did warn him that as editor he would have to navigate a minefield of conflicted interests when he took the job. This was inevitable…
UPDATE: The first edition of the Standard had no mention of Uber on the front page. Second edition splashed it. Did someone pick up the phone to the editor?
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