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Financial journalism at its worst
17 January 2023When well-known financial journalist and BBC Money Box presenter, Paul Lewis, advised those seeking a mortgage to not “find a mortgage broker over the local cab shop in the high street”, he was effectively insulting millions of small and micro businesses around the UK. The implication of his comments is that small businesses on the UK’s high streets are grubby and untrustworthy.
Instead of doing the right thing and apologising, he doubled down on Twitter by throwing kebab shops into the mix, too. So now it’s taxi ranks, mortgage brokers and kebab shops he has managed to disparage, as well as every other small business to boot.
Paul has a large platform, both on social media and in the mainstream media, and people listen to his advice. It is deeply damaging for him to attack small businesses at a time when hundreds of thousands of them are at breaking point as a result of soaring energy prices, rising interest rates and high inflation.
If we follow Paul’s logic, then none of us should buy our groceries from a small local firm but should head off to Tesco instead. Equally, we shouldn’t go to our local high streets to buy a gift from a small independent but should line the pockets of Jeff Bezos and Amazon. And don’t, whatever you do, use a local broker who may have countless 5-star reviews and be the bee’s knees, because if they’re based next to a chippy, they must be rubbish.
Instead, go to a big national corporate broker, and help buy some fat cat CEO running a mortgage sausage factory the latest Range Rover instead.
Paul seems committed to supporting the big corporates and their bottom line rather than the everyday business doing its best to stay afloat. Man of the people? Servant of the conglomerates more like. This truly is (financial) journalism at its worst.
LATEST NEWS
CORECO MD MONTLAKE JOINS NEWSPAGE AS A NON-EXECUTIVE DIRECTOR
2 July 2021London, 2 July 2021 — Coreco Managing Director, Andrew Montlake, has become a non-executive director of Newspage.
Newspage is a platform that gives small and micro businesses the chance to be featured in the local, trade, national and even international media for free.
Newspage enables businesses to create their own publicly visible and fully branded media centre — something many of them don’t have — in a matter of minutes.
They can add ‘experts’, create tags for their areas of expertise and add any content that could be of use to the media, such as headshots and corporate brochures.
They then receive ‘NewsAlerts’ ‘in app’ to breaking or upcoming news stories that they could contribute to and are also able to add news stories of their own. The Newspage team will promote stories it believes will be of interest to the media for free.
Andrew Montlake, non-executive director, Newspage, commented: “Newspage is doing something that’s never been done before, which is to give every company the chance to be in the mainstream media, for free. I have said for years that it would be great to get more voices out there and now there is a tool to do exactly that. I’ve known Dominic, the founder of Newspage for many years, and genuinely believe what they’re doing could grow into something really quite big.”
Dominic Hiatt, founder, Newspage, added: “To have someone of Monty’s calibre and connections onboard is a real boost for everyone at Newspage and a vindication of our model. He knows the media inside out and, best of all, is in a rock band. His advice and expertise will be invaluable as we continue to grow.”
Lewis Shaw, founder, Mansfield-based Shaw Financial Services, added: “Newspage rocks, end of story. Since creating my Newspage, I’ve been featured in countless national newspapers, trades and also my local newspaper, which is great for leads. It’s the best thing since gluten-free sliced bread.”
Paul Neal, founder, Belper-based Missing Element Mortgage Services, added: “I created my own Newspage after seeing the success a number of other brokers were having. Since then, we’ve been featured in several newspapers and various other trade magazines. I cannot recommend Newspage enough, as it’s giving people like me who would never hire a conventional PR agency a fast-track into the media. This weekend I’m even on BBC Radio Derby talking mortgages, which is fantastic.”
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Notes To Editors
For more information, please contact: Dominic Hiatt, Founder, Newspage:
M 07595 221604
About Newspage
Newspage gives small businesses the ability to be featured in the local, national and trade media for FREE and acts as a fully branded ‘media centre’ for the vast majority of small businesses that don’t have one. Companies simply create their own Newspage in a matter of minutes. Newspage then alerts them to relevant stories they could contribute to as they break and also gives them the ability to add stories and then share them across social media.