The London Economic
 | |
Type of site | News & Media Outlet |
|---|---|
| Owner | Greencastle Capital Limited |
| Editor | Jack Peat |
| Launched | 2013 |
| Current status | Active |
The London Economic (TLE) is a digital newspaper based in the capital of the UK. It rose to prominence during the 2017 United Kingdom general election when it ran the most-shared political story on social media for that election cycle.[1]
History
[edit]The London Economic emerged from a political blog sharing platform created by Jack Peat in 2013.[citation needed] It was developed through to 2014 into an alternative news website in an attempt to redress the "political power of the mainstream media", according to editor-in-chief Jack Peat.[2]
Its scepticism of the mainstream media has given it an alternative media tag, one shared by political blogs such as The Canary, music bands such as Captain SKA and websites such as Novara Media.[2][3]
In June 2017, Peat joined Matt Turner of Evolve Politics, Stephen Glover of the Daily Mail, Aaron Bastani of Novara Media, Michael Heaver of Westmonster, Eve Pollard and David Yelland to discuss whether Britain's newspapers have lost their influence on British politics.[4]
Ownership
[edit]In April 2020, The London Economic was taken over by the venture capital firm, Greencastle Capital Limited,[5] who now hold a controlling 51% stake in the outlet.[6]
Criticism
[edit]Following their takeover, The London Economic encountered criticism after it emerged that Greencastle Capital Limited's owner, David Sefton, has significant links to the fossil fuel industry.[7]
Political standpoint
[edit]The London Economic was generally supportive of Jeremy Corbyn,[citation needed] but has run editorials from anti-Corbyn politicians such as David Blunkett and London Conservative Party councillors.[citation needed]
The website took a pro-Remain standpoint on the 2016 United Kingdom European Union membership referendum.[citation needed]
Notable stories
[edit]The London Economic has published a number of stories which have been notable enough to be picked up by mainstream media outlets.[citation needed]
NHS capped expenditure process
[edit]Following the Conservative–DUP agreement The London Economic published capped expenditure proposals outlined by Health secretary Jeremy Hunt which were claimed to ration NHS services, lengthen waiting times and lead to a "postcode lottery for your healthcare".[8]
According to the article leaked by Shadow Health Secretary Jonathan Ashworth to The London Economic NHS managers were instructed to "think the unthinkable" to find savings which could lead to "staff cuts, units shut and treatments rationed or restricted".[citation needed]
Insulate Britain protests
[edit]Extinction Rebellion co-founder Roger Hallam appeared on The London Economic's podcast Unbreak The Planet to discuss the Insulate Britain protests, saying he would "block an ambulance" in order to get the campaign group’s message across.[9]
Explaining his motives, he described climate change as "the biggest crime in human history imposed by the rich against the global poor."[10]
Readership
[edit]Describing its audience, The London Economic said it appealed in particular to "young professionals predominantly based in London".[citation needed]
See also
[edit]- ConservativeHome, a centre-right political blog
- Left Foot Forward, a left-wing political blog
- Paul Staines, a British-Irish right-wing political blogger
- Political Scrapbook, a left-wing political blog
References
[edit]- ^ Mayhew, Freddy (12 June 2017). "General election: Only five out of top 100 most-shared stories on social media were pro-Tory". Press Gazette. Retrieved 26 July 2017.
- ^ a b Walker, James (7 June 2017). "Alternative news website The London Economic sees traffic boom with pro-Corbyn coverage". Press Gazette. Retrieved 26 July 2017.
- ^ Martinson, Jane (18 June 2017). "A question for a dystopian age: what counts as fake news?". The Guardian. Retrieved 26 July 2017.
- ^ Rajan, Amol (14 June 2017). "Fleet Street's influence on British politics". BBC Radio 4 (Interview). Interviewed by Amol Rajan. London.
- ^ "New Management Contract". London Stock Exchange. 14 April 2020.
- ^ "Filing History". Companies House. 15 June 2020.
- ^ Rogers, Tom D. (20 July 2020). "The London Economic has been taken over by a Venture Capital firm with direct links to the Fossil Fuel industry". Evolve Politics. Retrieved 14 December 2023.
- ^ "As Northern Ireland is handed £1bn by Theresa May, Jeremy Hunt is sneaking in a fresh round of brutal NHS cuts". The Independent. London. 27 June 2017. Archived from the original on 18 June 2022. Retrieved 26 July 2017.
- ^ "I would block ambulance with dying patient onboard, says XR founder Roger Hallam'". The Independent. 4 October 2021. Archived from the original on 18 June 2022. Retrieved 15 November 2021.
- ^ Fahey, Ryan (4 October 2021). "Extinction Rebellion boss admits he would block ambulance carrying dying patient". Daily Mirror. Retrieved 15 November 2021.