The London Economic

Last updated

The London Economic
Logo of The London Economic.jpg
Type of site
News & Media Outlet
OwnerGreencastle Capital Limited
EditorJack Peat
Launched2013
Current statusActive

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]

Contents

History

The London Economic emerged from a political blog and 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]

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. [3]

Ownership

In April 2020, The London Economic was taken over by the venture capital firm, Greencastle Capital Limited, [4] which now holds a 51% stake. [5]

Following the 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. [6]

NHS capped expenditure process

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". [7]

Insulate Britain protests

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. [8]

Explaining his motives, he described climate change as "the biggest crime in human history imposed by the rich against the global poor." [9]

See also

References

  1. ↑ 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.
  2. ↑ Walker, James (7 June 2017). "Alternative news website The London Economic sees traffic boom with pro-Corbyn coverage". Press Gazette. Retrieved 26 July 2017.
  3. ↑ Rajan, Amol (14 June 2017). "Fleet Street's influence on British politics". BBC Radio 4 (Interview). Interviewed by Amol Rajan. London.
  4. ↑ "New Management Contract". London Stock Exchange . 14 April 2020.
  5. ↑ "Filing History". Companies House . 15 June 2020.
  6. ↑ 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.
  7. ↑ "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.
  8. ↑ "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.
  9. ↑ Fahey, Ryan (4 October 2021). "Extinction Rebellion boss admits he would block ambulance carrying dying patient". Daily Mirror . Retrieved 15 November 2021.
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