{"id":54718,"date":"2018-01-05T09:43:24","date_gmt":"2018-01-05T09:43:24","guid":{"rendered":"http:\/\/www.bnreport.com\/editors-notes-in-public-life-as-in-the-city-boards-should-be-diverse\/"},"modified":"2018-01-05T09:43:26","modified_gmt":"2018-01-05T09:43:26","slug":"editors-notes-in-public-life-as-in-the-city-boards-should-be-diverse","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/editors-notes-in-public-life-as-in-the-city-boards-should-be-diverse\/","title":{"rendered":"Editor’s Notes: In public life, as in the City, boards should be diverse"},"content":{"rendered":"

The left has always been better than the right when it comes to filling public appointments.<\/p>\n

The Tory grassroots website ConservativeHome is trying to address this by promoting opportunities to apply for public roles to its readership, but it will be some time (if indeed it ever happens) before the boards of quangos and public bodies are balanced, let alone right-leaning.<\/p>\n

In this context, much of the criticism that met the appointment of conservative journalist and free school founder Toby Young to the board of the new Office for Students was lost in a sea of hypocrisy. Young is one of 15 independent directors who will oversee the work of the new university regulator, and for much of this past week left-wing activists and academics have been howling with rage at his appointment.<\/p>\n

The criticism covers three main areas: that he is unqualified, that he is inappropriate, and that he only got the gig because he\u2019s a Tory. Taking these in turn, his qualifications seem, to me, to be perfectly respectable. He has a track record of working to improve access to education for children from disadvantaged backgrounds, and has opened several state schools that seem to be doing very well.<\/p>\n

Read more<\/strong>: National Audit Office criticises universities for "mis-selling" courses<\/a><\/p>\n

The charge that he is inappropriate is more difficult to bat<\/a> away, given that it\u2019s based on the emergence of a string of lewd and distasteful tweets that date back to 2009. But as for the accusation of nepotism, I refer to my opening point: Conservative governments ought to be appointing conservatives.<\/p>\n

If a left-winger was denied a seat at a public institution on the grounds that they were chummy with Labour ministers there wouldn\u2019t be anyone working at our quangos. So while Young deserves criticism for his off-colour tweets, he should be given a chance to prove his worth on this new board. In public bodies as in business, boards should be diverse and home to a range of backgrounds.<\/p>\n

Royal wedding economic boost<\/h2>\n

Let the bells ring out! Prince Harry\u2019s wedding to American actress Meghan Markle could provide a \u00a3500m boost to Britain\u2019s economy, according to brand valuation consultancy Brand Finance. When William and Kate tied the knot an extra 350,000 visitors flocked to bask in the fairytale. This time around, analysts expect \u00a3200m to be generated by tourism, \u00a3150m spent on parties and \u00a350m on commemorative items with \u00a3100m worth of free advertising for brand Britain. Get the bunting out!<\/p>\n

Read more<\/strong>: Sorry\u2026 there's no Bank Holiday for the Royal wedding<\/a><\/p>\n

Bitcoin bubble driven by blokes<\/h2>\n

\u201cMarket bubbles may be a male phenomenon\u201d \u2013 so says Cambridge academic John Coates following the revelation that 95 per cent of all bitcoin investors are men. Deloitte<\/a> found that the bitcoin trend is being driven almost entirely by the Y chromosome. Deloitte\u2019s Duncan Stewart says \u201cI cannot think of any security, currency or asset class in history that shows that extreme gender divide and has been sustainable.\u201d Stewart cites the previous tech stock bubble and burst. What is it with nerdy men who have too much cash?<\/p>\n

Read more<\/strong>: Here's what analysts say could happen to bitcoin and other cryptos in 2018<\/a><\/p>\n

Trader's Ocado oops<\/h2>\n

Sometimes it\u2019s corporate brands that deliver the best moments on Twitter<\/a>. Earlier this week a trader tweeted that he\u2019d just shorted Ocado, labelling it \u201covervalued.\u201d Whoever was manning the Ocado twitter account did their best to offer some customer service, replying: \u201cWe\u2019re sorry to hear this, please DM [direct message] us\u2026 in order for us to look into this further.\u201d Apparently the delivery firm uses the term \u201cshorted\u201d to mean missing items in a delivery \u2013 which would be the least of their worries if this investor is correct.<\/p>\n

Read more<\/strong>: Ocado isn't worrying about those takeover rumours<\/a><\/p>\n

Angela Rayner opts for honesty<\/h2>\n

Full marks for honesty are awarded to Labour\u2019s rising star, Angela Rayner, who has described her party\u2019s economic policy (which involves borrowing \u00a3500bn for additional spending) as \u201ca bit of a shit-or-bust strategy\u201d. Rayner tells the Spectator that Labour\u2019s plans are \u201chigh-risk\u201d but says the time has come for a radical overhaul of the economy, adding that \u201call of Britain\u2019s great advancements in the past have been because we\u2019ve had the gumption to take a risk\u201d. The Tories will have fun with this.<\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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CityAM<\/a><\/h5>\n

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