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118-536: The CTU served several purposes. One of these involved being a conduit of communication between the Conservative Party and the workers and unionists. The primary objective was for the group to effectively articulate the party's policies and principles to a working class audience. In this way, both organisations benefited. The workers were able to influence policy-making while the Conservative members, particularly at

236-562: A European Securities and Markets Authority investigation for its response to the scandal. An investigation by the Intercept , the Nation , and DeSmog found that FT is one of the leading media outlets that publishes advertising for the fossil fuel industry. Journalists who cover climate change for FT are concerned that conflicts of interest with the companies and industries that caused climate change and obstructed action will reduce

354-604: A centrist to centre-right liberal , neo-liberal , and conservative-liberal newspaper. The Financial Times is headquartered in Bracken House at 1 Friday Street, near the city's financial centre, where it maintains its publishing house, corporate centre, and main editorial office. The FT was launched as the London Financial Guide on 10 January 1888, renaming itself the Financial Times on 13 February

472-684: A hard Brexit . In respect of the Russian invasion of Ukraine , FT commentator Martin Wolf expressed support for Ukraine. Two years before the invasion of Ukraine by Russia , the FT offered an interview to the Russian President Vladimir Putin . The interview received praise, as it offered an unusual access to the Russian leader's thinking. President Putin used the interview to state his opinions about

590-623: A " Person of the Year " feature. The paper was founded in January 1888 as the London Financial Guide before rebranding a month later as the Financial Times . It was first circulated around metropolitan London by James Sheridan , who, along with his brother and Horatio Bottomley , sought to report on city business opposite the Financial News . The succeeding half-century of competition between

708-430: A "New Newsroom" project to integrate the newspaper more closely with FT.com. At the same time it announced plans to cut the editorial staff from 525 to 475. In August 2006 it announced that all the required job cuts had been achieved through voluntary layoffs. A number of former FT journalists have gone on to high-profile jobs in journalism, politics and business. Robert Thomson , previously the paper's US managing editor,

826-614: A 50% shareholding in The Economist , which was sold to the Agnelli family for £469 million. Related publications include the Financial Times , FT.com, FT Search Inc., the publishing imprint FT Press and numerous joint ventures. In November 2013 it agreed to sell Mergermarket , an online intelligence reporting business, to the London private equity investor BC Partners. In addition, the FT Group has

944-516: A Bill to give 50,000 households (around 250,000 people) from Hong Kong British citizenship . In April 1988, Tebbit caused much controversy when, in front of an audience of South African dignitaries, he accused critics of South African apartheid of cowardice and stinking hypocrisy. He said that, although black critics attacked apartheid in South Africa, they did not speak out against violence among black tribes in South Africa. Archbishop Desmond Tutu

1062-606: A Conservative peer), John Kingman (former head of UKFI and a banker at Rothschild's ), George Graham ( RBS banker), Andrew Balls (head of European portfolio management at PIMCO ) and Jo Johnson (former Conservative Member of Parliament for Orpington ). The FT publishes a Saturday edition of the newspaper titled the Financial Times Weekend . It consists of international economic and political news, Companies & Markets , Life & Arts , House & Home and FT Magazine . HTSI (originally How to Spend It )

1180-807: A German corporate, focusing on the lead author of the FT series, Dan McCrum . The Public prosecutor's office in Munich subsequently launched an investigation. After the formal complaint of an investor, Wirecard and the German Federal Financial Supervisory Authority (BaFin), the responsible state's attorney announced investigations into several FT journalists. On 22 June 2020 and after 18 months of investigations and an external audit, Wirecard announced that €1.9 billion worth of cash reported in its accounts "may not exist". The company subsequently filed for insolvency . BaFin itself became subject of

1298-589: A Trade Union was an act of Fascism. When he was made Lord Tebbit in 1992, he chose a polecat as one of the symbols on his coat of arms. Later, in the debate Tebbit asked Foot whether he would "put a bridle on his foul-mouthed tongue". After the Conservative Party regained power after the general election of 1979 , Tebbit was appointed Under-Secretary at the Ministry of Trade. In the September 1981 Cabinet reshuffle , Thatcher appointed Tebbit as Employment Secretary . This

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1416-529: A business-related game called "In the Pink" (a phrase meaning "in good health", also a reference to the colour of the newspaper and to the phrase "in the red" meaning to be making a loss). Each player was put in the virtual role of Chief Executive and the goal was to have the highest profit when the game closes. The winner of the game (the player who makes the highest profit) was to receive a real monetary prize of £10,000. The game ran from 1 May to 28 June 2006. In 2019,

1534-452: A chap on the radio this morning talking with a cockney accent. They tell me he is one of Her Majesty's ministers". Peter Dorey of Cardiff University wrote that "it was Norman Tebbit... who was perhaps the public face or voice of Essex man , and articulated his views and prejudices". The Nuffield study of the 1983 general election found that Tebbit was the second most prominent Conservative on radio and television news broadcasts during

1652-403: A cheeky press conference on his Belgravia doorstep". After the first ballot but before the results became known, Tebbit wanted Thatcher to make a clear commitment to fight the second ballot if her vote fell short of the amount needed to win outright. When Tebbit saw Thatcher on 21 November he told her she was the candidate with the best chance of beating Heseltine. However, Thatcher withdrew from

1770-411: A collective agreement may well be considered to have brought about his own dismissal". Tebbit accused Foot of "pure undiluted fascism " and affirmed that this "left Mr Foot exposed as a bitter opponent of freedom and liberty ". The next day (2 December) The Times first leader —titled " IS MR FOOT A FASCIST? "—quoted Tebbit and went on: Mr Foot's doctrine is intolerable because it is a violation of

1888-497: A director of the company on 3 November 1987; this gave him an additional salary plus shares in the company. In late 1987 and 1988, Tebbit formed a temporary alliance with Michael Heseltine in campaigning for the abolition of the Inner London Education Authority , which they succeeded in achieving through a backbench amendment. Tebbit was also prominent in an unsuccessful Conservative backbench rebellion against

2006-531: A financial information company that provides sales and market intelligence for investment professionals in North America, Europe and Asia. FT Knowledge is an associated company which offers educational products and services. FT Knowledge has offered the "Introducing the City" course (which is a series of Wednesday night lectures and seminars, as well as weekend events) during each autumn and spring since 2000. FT Predict

2124-466: A financial newspaper, it does also contain TV listings, weather and other more informal articles. In 2021 and 2022, the outlet began focusing more on the cryptocurrency industry, launching a Digital Assets Dashboard, publishing multi-asset crypto indexes, starting a Cryptofinance newsletter dedicated to digital assets, and recruiting more journalists to cover the sector. About 110 of its 475 journalists are outside

2242-482: A former defence correspondent and Lex columnist, was chief executive of the publishing company CMP before becoming chief executive of TSL Education, publisher of the Times Educational Supplement . David Jones, at one time the FT ' s Night Editor, then became Head of IT. He was a key figure in the newspaper's transformation from hot metal to electronic composition and then onto full-page pagination in

2360-406: A joint venture with a German publishing firm, Gruner + Jahr . In January 2008 the FT sold its 50% stake to its German partner. FT Deutschland never made a profit and is said to have accumulated losses of €250 million over 12 years. It closed on 7 December 2012. The Financial Times launched a new weekly supplement for the fund management industry on 4 February 2002. FT fund management (FTfm)

2478-505: A limited number of free articles during any one month before asking them to pay. Four years later the FT launched its HTML5 mobile internet app. Smartphones and tablets now drive 12% of subscriptions and 19% of traffic to FT.com. In 2012, the number of digital subscribers surpassed the circulation of the newspaper for the first time and the FT drew almost half of its revenue from subscriptions rather than advertising. The FT has been available on Bloomberg Terminal since 2010 and on

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2596-402: A one-page consumer goods feature in the newspaper, which was edited by Sheila Black, the FT 's first female journalist, a former actor. To celebrate its 15th anniversary, FT launched the online version of this publication on 3 October 2009. Some media commentators were taken aback by the online launch of a website supporting conspicuous consumption during the financial austerity of

2714-500: A perception that we don't know where we're going so those same qualities don't seem so attractive. Thatcher disagreed and her biographer claims she was suspicious of Tebbit's motives. Furthermore, Thatcher commissioned the firm Young and Rubicam to carry out their own polling, which concluded that Thatcher's leadership was not the problem. Throughout the rest of 1986 and into the 1987 election, Thatcher continued to use Young and Rubicam, which eventually caused tensions with Tebbit during

2832-430: A personal finance magazine and website; "FT Money", a weekly personal finance supplement in "FT Weekend"; FT Wealth , a magazine for the global high-net-worth community and FTfm, a weekly review of the global fund management industry, Money Management and FT Adviser . The institutional segment includes: The Banker , This Is Africa , fDi Intelligence and Professional Wealth Management (PWM). Money-Media,

2950-469: A policy (then most unusual in Fleet Street ) of direct recruitment of new university graduates, mainly from Oxbridge, as its trainee journalists. Many of them proceeded to have distinguished careers elsewhere in journalism and British public life and became the mainstay of the paper's own editorial strengths until the 1990s. The first such 'direct recruit' was future leading British economist Andrew Shonfield;

3068-457: A reporter for the Financial Times generated a controversy about the editorial independence of the paper from outside political pressure. The controversy followed the withdrawal by the newspaper's editor of an opinion piece by FT 's Brussels correspondent Mehreen Khan that was critical of French President Emmanuel Macron 's policy towards Muslim minorities in France. The piece was withdrawn from

3186-487: A separate arm of Financial Publishing, delivers a range of digital information services for fund management professionals around the globe, including: Ignites, Ignites Europe, Ignites Asia, FundFire and BoardIQ. Financial Publishing includes publications ( Pensions Expert and Deutsche Pensions & Investmentnachrichten ) and events ( Investment Expert ) for the European pensions industry. The group also publishes MandateWire,

3304-450: A unit called FT Specialist, which is a provider of specialist information on retail, personal and institutional finance segments. It publishes The Banker , Money Management and FT Adviser (a publication targeted to the financial intermediary market), fDi Intelligence and Professional Wealth Management (PWM). In 2013, FT Specialist acquired a majority stake in medical publisher Endpoints News. The Financial Times Group announced

3422-505: Is a ... threat from the Marxist collectivist totalitarians. ... Just to state that fact is to be accused of 'union-bashing'. ... Such people are to be found in the Conservative, Liberal and Labour Parties. Their politics may be different but such people share the morality of Laval and Pétain ... they are willing not only to tolerate evil, but to excuse it. ... Both Jim Prior and Keith Joseph know that George Ward and Grunwick are not perfect, nor

3540-656: Is a fascist?" During the Grunwick dispute , when workers went on strike over pay and working conditions, the owner George Ward refused to recognise their trade union, and there was a split in the Conservative Shadow Cabinet between the conciliatory approach of Jim Prior , the Shadow Employment Secretary, and Keith Joseph . Tebbit involved himself in that dispute by making a controversial speech on 12 September 1977, in which he said: Inside Britain there

3658-408: Is a weekly magazine published with FT Weekend . Founded and launched by Julia Carrick with Lucia van der Post as founding editor, its articles concern luxury goods such as yachts , mansions , apartments , horlogerie , haute couture and automobiles , as well as fashion and columns by individuals in the arts, gardening, food, and hotel and travel industries. How to Spend It started in 1967 as

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3776-555: Is an editorial service on forecasted economic events hosted by the Financial Times that allows users to buy and sell contracts based on future financial, political and news-driven events by spending fictional Financial Times Dollars (FT$ ). Based on the assumptions displayed in James Surowiecki's The Wisdom of Crowds , this contest allows people to use forecasted economic events to observe future occurrences while competing for weekly and monthly prizes. The Financial Times also ran

3894-504: Is independent from its editorial board, and it is considered a newspaper of record . Due to its history of economic commentary, the FT publishes a variety of financial indices , primarily the FTSE All-Share Index . Since the late 20th century, its typical depth of coverage has linked the paper with a white-collar , educated, and financially literate readership. Because of this tendency, the FT has traditionally been regarded as

4012-490: Is often characterised by its light-pink (salmon) newsprint . It is supplemented by its lifestyle magazine ( FT Magazine ) , weekend edition ( FT Weekend ) and some industry publications. The editorial stance of the Financial Times centres on economic liberalism , particularly advocacy of free trade and free markets . Since its founding, it has supported liberal democracy , favouring classically liberal politics and policies from international governments; its newsroom

4130-533: Is published in London. The name of the magazine was changed in 2022 from How to Spend It to HTSI . The FT advocates free markets , and is in favour of globalisation . During the 1980s, it supported Margaret Thatcher and Ronald Reagan 's monetarist policies. It has supported the UK Labour Party in the past, including at the general election in 1992 when Neil Kinnock was Labour leader. The FT 's editorials tend to be pro-European . The FT

4248-475: The 2024 United States presidential election . On 23 July 2015, Nikkei, Inc. agreed to buy the Financial Times Group, a division of Pearson plc since 1957, for £844m (US$ 1.32 billion) and the acquisition was completed on 30 November 2015. Under the transaction agreement, Pearson retained the publishing rights to FT Press and licensed the trademark from Nikkei. Until August 2015 the FT group had

4366-413: The 7 July 2005 London bombings , which were carried out by three young men of Pakistani descent and one of Jamaican descent, Tebbit claimed vindication for these views. In a conversation with Woodrow Wyatt on 19 December 1988, Tebbit said he would not go back into politics unless Thatcher "was run over by the proverbial bus and he didn't like the look of the person he thought might get her job and destroy

4484-527: The Anglo-Iranian Oil Company (later BP ), British-American Tobacco , Lever Brothers (later Unilever ) and Shell . The oil and financial sectors were included decades later. The FTSE All-Share Index , the first of the FTSE series of indices, was created in 1962, comprising the largest 594 UK companies by market capitalisation. The letters F-T-S-E represented that FTSE was a joint venture between

4602-590: The British Airline Pilots' Association ). He drafted Thatcher's speech to the CTU Conference in 1975, shortly after she was elected Conservative leader. Under Margaret Thatcher 's leadership, there was a drive for recruitment. In 1975, seven new full-time workers were appointed under a new head, John Bowis . The 1977, CTU annual conference was attended by over 1,200 delegates. By 1978, there were 250 groups whose membership varied from 20 to 200 members. In

4720-529: The FT to reverse course and back Labour from 1992 until 2010 , when the FT returned to the Conservative Party. Euroscepticism further drove a wedge between the FT and the Conservatives in 2019 , when the paper refused to make an endorsement, opposed to Labour's socialist economic policies (for wanting to "reverse, not revise, the Thatcherite revolution of the 1980s") and the Conservatives' commitment to

4838-408: The FT website on the same day as its publication. President Macron subsequently published a letter in the FT directly responding to the arguments of the original opinion piece, even if the original opinion piece was no longer available on the website of the newspaper. The editor of the FT , Roula Khalaf , who took the decision to withdraw the initial article, acknowledged having been contacted by

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4956-691: The FTSE 350 Index , the FTSE SmallCap Index , the FTSE AIM UK 50 Index and FTSE AIM 100 Index as well as the FTSE AIM All-Share Index for stocks, and the FTSE UK Gilt Indices for government bonds. In 2021, the Financial Times started publishing three multi-asset indexes with Wilshire Associates covering combinations of the top five cryptocurrencies. In July 2006, the FT announced

5074-795: The Financial News in the 1930s, and moved to the Financial Times when the two merged. Lex boasts some distinguished alumni who have gone on to make careers in business and government—including Nigel Lawson (former Conservative Chancellor of the Exchequer ), Richard Lambert ( CBI director and former member of the Bank of England 's monetary policy committee), Martin Taylor (former chief executive of Barclays ), John Makinson (chairman and chief executive of Penguin ), John Gardiner (former chairman of Tesco ), David Freud (former UBS banker and Labour adviser, now

5192-663: The Financial Times ( F-T ) and the London Stock Exchange ( S-E ). On 13 February 1984 the FTSE 100 was introduced, representing about eighty per cent of the London Stock Exchange's value. FTSE Group was made an independent company in 1995. The first of several overseas offices was opened in New York City in 1999; Paris followed in early 2000, Hong Kong, Frankfurt and San Francisco in 2001, Madrid in 2002 and Tokyo in 2003. Other well-known FTSE indices include

5310-470: The Financial Times announced it was investing in Sifted , a digital-only news site and newsletter covering European startups . The Financial Times' initial 25% stake was subsequently diluted to 14% due to later investments from others. This marked the start of a planned 7-year strategic relationship with Sifted. The Financial Times collates and publishes a number of financial market indices , which reflect

5428-422: The Financial Times from Lord Camrose, and, following 57 years of rivalry, merged it with the Financial News to form a single six-page newspaper. The Financial Times had a higher circulation, while the Financial News provided much of the editorial talent. The Lex column was also introduced from Financial News . Gordon Newton , a Cambridge graduate, took over as editor in 1949, and immediately introduced

5546-611: The WSJ was second. In 2022, the FT launched FT Edit, a low-price app aimed at attracting a younger audience. The FT is split into two sections. The first section covers domestic and international news, editorial commentary on politics and economics from FT journalists such as Martin Wolf , Gillian Tett and Edward Luce , and opinion pieces from globally renowned leaders, policymakers, academics and commentators. The second section consists of financial data and news about companies and markets. Despite being generally regarded as primarily

5664-573: The Wisers platform since 2013. From 2015, instead of the metered paywall on the website, visitors were given unlimited free access for one month, after which they needed to subscribe. Pearson sold the Financial Times Group to Nikkei, Inc. for £ 844 million ( US$ 1.32 billion) in July 2015. In 2016, the Financial Times acquired a controlling stake in Alpha Grid, a London-based media company specialising in

5782-569: The late-2000s recession . The magazine has been derided in rival publishers' blogs, as "repellent" in the Telegraph and "a latter-day Ab Fab manual" in the Guardian . A 'well-thumbed' copy of the supplement was found when rebel forces broke into Colonel Gaddafi 's Tripoli compound during the 2011 Libyan Civil War . In September 2021, an Arabic version of HTSI was launched by Othman Al Omeir , founder of Elaph online newspaper. HTSI Arabic

5900-461: The Élysée Palace regarding the article, and defended her decision on the basis purely of several factual errors in the original piece by Mehreen Khan. In January 2019, the FT began a series of investigative articles detailing fraud suspicions at German payments group Wirecard . When the Wirecard share price plunged, German news media speculated that market manipulation was behind this attack on

6018-573: The 1970s, the FT began international expansion, facilitated by developments in technology and the growing acceptance of English as the international language of business. On 1 January 1979 the first FT (Continental Europe edition) was printed outside the UK, in Frankfurt; printing in the U.S. began in July 1985. Since then, with increased international coverage, the FT has become a global newspaper, printed in 22 locations with five international editions to serve

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6136-642: The 1982 Act was his "greatest achievement in Government". In March 2021 Tebbit was reported by The Times to have said, during a Zoom meeting, that Special Branch had regularly spied on union leaders while he was employment secretary. In the aftermath of the 1981 riots in Handsworth and Brixton , Tebbit responded to a suggestion by the Young Conservative National chairman, Iain Picton that rioting

6254-707: The 1984 Conservative Party conference. His wife, Margaret , was permanently disabled. In 1985, Tebbit was appointed Chairman of the Conservative Party and Chancellor of the Duchy of Lancaster , as Thatcher wanted to keep him in the Cabinet. During the Westland affair Tebbit was against the Sikorsky Aircraft Corporation taking over Westland Aircraft . Tebbit opposed the 1986 United States bombing of Libya from British bases and objected to Thatcher's refusal to consult

6372-598: The 1990s, with the decline in union influence, CTU membership waned. After the Conservative defeat in the 1997 General Election the organisation was renamed Conservatives at Work. Norman Tebbit Norman Beresford Tebbit, Baron Tebbit , CH , PC (born 29 March 1931) is a retired British politician. A member of the Conservative Party , he served in the Cabinet from 1981 to 1987 as Secretary of State for Employment (1981–1983), Secretary of State for Trade and Industry (1983–1985), and Chancellor of

6490-572: The 1990s. He went on to become Head of Technology for the Trinity Mirror Group. Sir Geoffrey Owen was the editor of the Financial Times from 1981 to 1990. He joined the Centre for Economic Performance (CEP) at the London School of Economics as Director of Business Policy in 1991 and was appointed Senior Fellow, Institute of Management, in 1997. He continues his work there. During his tenure at

6608-426: The Cabinet as Education Secretary , but he refused on the grounds that he was looking after his disabled wife. During the 1990 Conservative leadership election , Tebbit was on Thatcher's campaign team with the job of assessing her support amongst Conservative MPs. According to Thatcher's biographer John Campbell , Tebbit was "her most visible cheerleader...who characteristically took the fight to Heseltine by holding

6726-501: The Cabinet fully on the matter. However, he did criticise the BBC for its supposedly biased reporting of the raid. During the same year, he disbanded the Federation of Conservative Students for publishing an article, penned by Harry Phibbs, following Nikolai Tolstoy 's accusation that former Conservative Prime Minister Harold Macmillan was complicit in the forced repatriation of Cossacks in

6844-558: The Conservatives' Director of Research, Robin Harris —came up with the next party slogan—'The Next Move Forward'. For the first time, the Conservatives employed pre-conference advertising to publicise the new-style conference. Tebbit persuaded Thatcher that ministers would state their objectives that they would achieve in the next three years; Saatchi & Saatchi would use these to design posters, leaflets, and brochures to be deployed as each minister finished their speech. The aim "was that in 1986

6962-670: The Duchy of Lancaster and Chairman of the Conservative Party (1985–1987). He was a Member of Parliament (MP) from 1970 to 1992, representing the constituencies of Epping (1970–1974) and Chingford (1974–1992). In 1984, Tebbit was injured in the Provisional Irish Republican Army 's bombing of the Grand Hotel in Brighton , where he was staying during the Conservative Party Conference. His wife Margaret

7080-631: The Eurosceptic elements in her party. The FT declared 2019 general election a "fateful election" that "offers no good choices". In the 2024 general election , the FT endorsed the Labour Party again, expressing the need for a "fresh start", while cautioning "Labour's interventionist instincts and fervour for regulation". In the 2008 United States presidential election , the Financial Times endorsed Barack Obama . While it raised concerns over hints of protectionism , it praised his ability to "engage

7198-563: The Treaty]." Financial Times The Financial Times ( FT ) is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic current affairs . Based in London , the paper is owned by a Japanese holding company, Nikkei , with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold

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7316-530: The UK, continental Europe, the U.S., Asia and the Middle East. The European edition is distributed throughout continental Europe and Africa. It is printed Monday to Saturday at five centres across Europe, reporting on matters concerning the European Union, the euro and European corporate affairs. In 1994 FT launched a luxury lifestyle magazine, How To Spend It . In 2009 it launched a standalone website for

7434-484: The United Kingdom. The Lex column is a daily feature on the back page of the first section. It features analyses and opinions covering global economics and finance. The FT calls Lex its agenda-setting column. The column first appeared on Monday, 1 October 1945. The name may originally have stood for Lex Mercatoria , a Latin expression meaning literally "merchant law". It was conceived by Hargreaves Parkinson for

7552-602: The accident. On leaving the RAF, Tebbit joined BOAC in 1953 as a navigator and pilot, while initially continuing to fly in the Royal Auxiliary Air Force with 604 (County of Middlesex) Squadron at North Weald in Essex. Of his airline navigation training, he later said: "In those days it was a considerable academic syllabus. You had to be up to speed on spherical trigonometry to get through it". During his time at BOAC, he

7670-431: The acquisition of Alpha Grid, and conferences and events through Financial Times Live and extends the FT 's traditional commercial offering into a wider set of integrated services. In 2020, reporter Mark Di Stefano resigned from the Financial Times after hacking into Zoom calls at other media organisations including The Independent and the Evening Standard . In 2020, the retraction of an opinion piece by

7788-514: The aftermath of the Second World War . On 13 April 1986, Tebbit and his chief of staff Michael Dobbs visited Thatcher at Chequers to present her with the results of polling by Saatchi & Saatchi which found that with inflation down and the trade unions weakened, "the Prime Minister's combative virtues were being received as vices: her determination was perceived as stubbornness, her single-mindedness as inflexibility, and her strong will as an inability to listen". Tebbit and Dobbs told her this

7906-407: The beta launch of newssift, part of FT Search, in March 2009. Newssift.com is a next-generation search tool for business professionals that indexes millions of articles from thousands of global business news sources, not just the FT . The Financial Times Group acquired Money Media (an online news and commentary site for the industry) and Exec-Appointments (an online recruitment specialist site for

8024-423: The campaign with 81 appearances (after Thatcher's 331 appearances). In the post-election October 1983 reshuffle , Tebbit was moved from Employment to become Trade and Industry Secretary , replacing Cecil Parkinson , who had resigned. Thatcher had actually wanted Tebbit to become Home Secretary , but William Whitelaw vetoed this. Tebbit was injured in the IRA 's bombing of the Grand Hotel, Brighton during

8142-447: The changing value of their constituent parts. The longest-running of these was the former Financial News Index , started on 1 July 1935 by the Financial News . The FT published a similar index; this was replaced by the Financial News Index — which was then renamed the Financial Times (FT) Index — on 1 January 1947. The index started as an index of industrial shares, and companies with dominant overseas interests were excluded, such as

8260-512: The contest the next day. Tebbit wanted to stand, but never did. Tebbit subsequently switched his support to John Major . After Major came back from Maastricht with an opt-out from the Social Chapter and the single currency, Tebbit was one of the few MPs in the debate on 18 December 1991 to criticise the new powers the Community would acquire. He claimed the government had been on the defensive against "federalist follies" and that Maastricht had seen "a series of bridgeheads into our constitution, into

8378-410: The country's attention", his calls for a bipartisan politics, and his plans for " comprehensive health-care reform ". The FT favoured Obama again in the 2012 United States presidential election . The FT endorsed Democratic candidates Hillary Clinton in the run-up to the 2016 United States presidential election , Joe Biden in the 2020 United States presidential election, and Kamala Harris in

8496-552: The credibility of their reporting on climate change and cause readers to downplay the climate crisis . According to the Global Capital Markets Survey, which measures readership habits among most senior financial decision makers in the world's largest financial institutions, the Financial Times is considered the most important business read, reaching 36% of the sample population, 11% more than The Wall Street Journal ( WSJ ), its main rival. The Economist , which

8614-513: The cricket test. Which side do they cheer for? It's an interesting test. Are you still harking back to where you came from or where you are?" Tebbit told Woodrow Wyatt in 1991 that he did not think certain immigrant communities would assimilate "because some of them insist on sticking to their own culture, like the Muslims in Bradford and so forth, and they are extremely dangerous". In August 2005, after

8732-523: The development and production of quality branded content across a range of channels, including broadcast, video, digital, social and events. In 2018, the Financial Times acquired a controlling stake in Longitude , a specialist provider of thought leadership and research services to a multinational corporate and institutional client base. This investment built on the Financial Times ' recent growth in several business areas, including branded content via

8850-474: The election campaign. For quite a while, Tebbit was seen as Thatcher's natural successor as Party leader. During early 1986, when Thatcher's popularity declined in the polls, commentators began to suggest that the succession of the Conservative leadership would lie between Michael Heseltine and Tebbit. At the 1986 Conservative Party Conference in Bournemouth , Tebbit—along with Saatchi and Saatchi, Dobbs and

8968-627: The executive jobs market). The FT Group once had a 13.85% stake in Business Standard Ltd of India, the publisher of the Business Standard . It sold this stake in April 2008 and has entered into an agreement with Network 18 to launch the Financial Times in India, though it is speculated that they may find it difficult to do so, as the brand 'Financial Times' in India is owned by The Times Group ,

9086-610: The global 2007–2008 financial crisis , but on balance it backed the Conservatives , while questioning their tendency to Euroscepticism . In the 2015 general election , the FT called for the continuation of the Conservative-Liberal Democrat coalition that had governed for the previous five years. In the 2017 general election , an FT editorial reluctantly backed Conservative Theresa May over Labour Jeremy Corbyn , while warning about her stance on immigration and

9204-453: The ground where Labour was weak and we were strong—defence, taxation, and the economy". During the election campaign, however, Tebbit and Thatcher argued. Tebbit had already informed Thatcher at the beginning of the campaign that he would leave the government after the election to care for his wife. Thatcher said to her friend Woodrow Wyatt on the Sunday after polling day in 1987: "He'll carry

9322-454: The journalist Hugo Young published a quote attributed to Tebbit in The Guardian newspaper. Tebbit's chief of staff, Michael Dobbs , responded by writing a letter to the newspaper citing Young's dislike of Tebbit, adding "Perhaps this explains the invention of the quotation he [Mr Young] attributed to Mr Tebbit". The quote was "No-one with a conscience votes Conservative". Before this letter

9440-504: The late 1990s. Between 1997 and 2000, the site underwent several revamps and changes of strategy, as the FT Group and Pearson reacted to the changes online. FT introduced subscription services in 2002. FT.com is one of the few UK news sites successfully funded by individual subscription. In 1997, the FT launched a U.S. edition, printed in New York, Chicago, Los Angeles, San Francisco, Dallas, Atlanta, Orlando and Washington, D.C., although

9558-572: The later 1970s and early 1980s, the CTU played an important part in guiding the party toward the Trade Union reforms introduced by James Prior , who was appointed Secretary of State for Employment after Thatcher became Prime Minister in 1979. Peter Bottomley (a member of the Transport and General Workers' Union ) was CTU president from 1978 to 1980. Sir Brian Mawhinney was president from 1987 to 1990. In

9676-400: The liberty of the ordinary man in his job. Mr Tebbit is therefore using fascism in a legitimate descriptive sense when he accuses Mr. Foot of it. We perhaps need to revive the phrase " social fascism " to describe the modern British development of the corporate state and its bureaucratic attack on personal liberty. The question is not therefore: "is Mr. Foot a fascist?" but "does Mr. Foot know he

9794-453: The magazine. On 13 May 1995 the Financial Times group made its first foray into the online world with the launch of FT.com. This provided a summary of news from around the globe, which was supplemented in February 1996 with stock price coverage. The second-generation site was launched in spring 1996. The site was funded by advertising and contributed to the online advertising market in the UK in

9912-806: The media should reflect the image I wanted—of a Government confident, united, clear in where it was going—and determined to get there". According to Tebbit the conference "was more successful than I had dared to hope ... the opinion polls which had us 7% behind in June and still 5% down in September now put us back into first place—a position we never relinquished from then right through the election campaign. The Prime Minister's ratings were immediately restored". A MORI opinion poll in March 1987 saw Tebbit as second-favourite amongst voters as Thatcher's successor (Heseltine: 24% vs Tebbit: 15%); however, amongst Conservative voters, Tebbit

10030-451: The newspaper was first printed outside New York City in 1985. In September 1998 the FT became the first UK-based newspaper to sell more copies internationally than within the UK. In 2000 the Financial Times started publishing a German-language edition, Financial Times Deutschland , with a news and editorial team based in Hamburg. Its initial circulation in 2003 was 90,000. It was originally

10148-432: The newspaper with legal action if they did not retract the quotation and apologise to Tebbit. The case continued until 1988 when The Guardian apologised, published a retraction and paid £14,000 in libel damages in an out-of-court settlement. During the 1987 general election , Tebbit and Saatchi & Saatchi spearheaded the Conservative campaign, focusing on the economy and defence. However, when on 'Wobbly Thursday' it

10266-405: The parliamentary level, were able to determine which measures would receive support or strong opposition. This was important because CTU held considerable influence on public opinion, especially in the latter part of the 1970s. CTU also influenced unionists on issues such as the right to opt out of paying a political levy. In the mid-1970s, the CTU president was Norman Tebbit (a former official of

10384-456: The party, without retracting what he had said. Tebbit said of these differences: "I'm a hawk—but no kamikaze. And Jim's a dove—but he's not chicken". During a debate in Parliament on 2 March 1978, Michael Foot labelled Tebbit a "semi-house-trained polecat " in response to a question from Tebbit asking if he accepted that the legislation being proposed that made it compulsory for people to join

10502-563: The power of the closed shop ". In November 1950, Tebbit was commissioned into the Royal Air Force for national service in the rank of pilot officer . He was promoted to flying officer in April 1952. During his time in the RAF Tebbit flew Meteor and Vampire jets. In July 1954, at RAF Waterbeach near Cambridge , he had to escape from a burning Meteor 8 by breaking open the canopy , unknowingly fracturing two of his vertebrae in

10620-516: The powers of this House, and into the lives of individuals and businesses". Tebbit decided not to stand in the 1992 election , to devote more time to caring for his disabled wife. Following the election he was granted a life peerage and entered the House of Lords , having been created Baron Tebbit , of Chingford in the London Borough of Waltham Forest , on 6 July 1992. His former seat of Chingford

10738-499: The publication to Nikkei for £ 844 million ( US$ 1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on financial journalism and economic analysis rather than generalist reporting , drawing both criticism and acclaim. It sponsors an annual book award and publishes

10856-402: The publisher of The Times of India and The Economic Times . The group also publishes America's Intelligence Wire , a daily general newswire service. The Financial Times' Financial Publishing division (formerly FT Business) provides print and online content for retail, personal and institutional finance audiences. Examples of publications and services include: Investors Chronicle ,

10974-405: The recruitment of Richard Lambert from Oxford, himself a future Editor of the FT . Meanwhile, Pearson had bought the paper in 1957. Over the years, the paper grew in size, readership and breadth of coverage. It established correspondents in cities around the world, reflecting a renewed impetus in the world economy towards globalisation . As cross-border trade and capital flows increased during

11092-740: The same year. Describing itself as the friend of "The Honest Financier, the Bona Fide Investor, the Respectable Broker, the Genuine Director, and the Legitimate Speculator", it was a four-page journal. The readership was the financial community of the City of London , its only rival being the more daring and slightly older (founded in 1884) Financial News . On 2 January 1893 the FT began printing on light pink paper to distinguish it from

11210-672: The scar of that Brighton bombing all his life. I didn't want him to go. Whenever he is away from her he can't even attend to business properly. He's always ringing up to find out if the nurses are looking after his wife all right". In her memoirs, Thatcher said she "bitterly regretted" losing a like-minded person from the Cabinet. On 31 July 1987, Tebbit was appointed to the Order of the Companions of Honour . As Trade and Industry Secretary, Tebbit had privatised British Telecom in November 1984. He became

11328-534: The second was (later Sir) William Rees-Mogg who went on, via The Sunday Times , to edit The Times in 1967 following its acquisition by Roy Thomson. Other FT Oxbridge recruits included the future Chancellor of the Exchequer Nigel Lawson . The FT ' s distinctive recruitment policy for Fleet Street journalists was never popular with the National Union of Journalists and ceased in 1966 following

11446-425: The similarly named Financial News : at the time, it was also cheaper to print on unbleached paper (several other more general newspapers, such as The Sporting Times , had the same policy), but nowadays it is more expensive as the paper has to be dyed specially. The Berry brothers, Lord Camrose and Gomer Berry (later Lord Kemsley), purchased the Financial Times in 1919. In 1945, Brendan Bracken purchased

11564-504: The then British Prime Minister, Tony Blair , and was given a job as an education minister and a seat in the House of Lords after the 2005 election. Ed Balls became chief economic adviser to the Treasury, working closely with Gordon Brown , the chancellor of the exchequer (or finance minister), before being elected a Member of Parliament in 2005, and became Secretary of State for Children, Schools and Families in July 2007. Bernard Gray ,

11682-437: The two papers eventually culminated in a 1945 merger , led by Brendan Bracken , which established it as one of the largest business newspapers in the world. Globalisation from the late 19th to mid-20th centuries facilitated editorial expansion for the FT , with the paper adding opinion columns, special reports, political cartoons , readers' letters , book reviews, technology articles and global politics features. The paper

11800-462: The value of liberal democracy. The Ukrainian newspaper Kyiv Post accused the FT of asking President Putin softball questions, and said the interviewers failed to hold Putin to account. In the 2010 general election , the FT was receptive to the Liberal Democrats ' positions on civil liberties and political reform, and praised the then Labour Party leader Gordon Brown for his response to

11918-450: The work they've done". On another occasion (22 February 1990), Tebbit said to Wyatt that he would stand for the Conservative leadership if Thatcher suddenly resigned; but when Alec Douglas-Home suggested that Thatcher would not stand at the next election because she must be tired, Tebbit disagreed: "She has got amazing stamina". Following Geoffrey Howe 's resignation from the government in November 1990, Thatcher asked Tebbit to return to

12036-425: Was Czechoslovakia perfect in 1938. But if Ward and Grunwick are destroyed by the red fascists, then, as in 1938, we will have to ask, whose turn is it next? Yes, it is like 1938. We can all see the evil, but the doctrine of appeasement is still to be heard. Tebbit was accused of comparing Prior to Laval and at that year's Conservative Party conference, he attempted to avoid personalising the issue, and openly splitting

12154-461: Was aggregated in 1997 with Woodford Green in boundary changes and was held for the Conservative Party by his successor and protégé Iain Duncan Smith . Tebbit famously said: "If you think I'm right-wing, you should meet this guy". On 11 August 1992, Woodrow Wyatt noted in his diary: "[Thatcher] also seems to have formed a new alliance with Tebbit who stirs her up and talks a lot of nonsense [about

12272-679: Was an official in the British Airline Pilots' Association . He flew Avro Yorks , Argonauts , Britannias , DC7 Cs and the Boeing 707 . Tebbit was elected as MP for Epping in 1970 and then for Chingford in February 1974 . He is recorded as an MP member of the Conservative Monday Club in 1970. Tebbit's first intervention as an MP was to ask a question of the then Minister at the Board of Trade , Frederick Corfield , on 6 July 1970. His question

12390-555: Was and still is distributed with the paper every Monday. FTfm is the world's largest-circulation fund management title. Since 2005 the FT has sponsored the annual Financial Times Business Book of the Year Award . On 23 April 2007, the FT unveiled a "refreshed" version of the newspaper and introduced a new slogan, "We Live in Financial Times". In 2007 the FT pioneered a metered paywall , which let visitors to its website read

12508-532: Was becoming known as the "TBW factor": TBW standing for "That Bloody Woman". They recommended Thatcher take a lower profile in the forthcoming general election. A few weeks later, Tebbit gave an interview to John Mortimer for The Spectator where he said of Thatcher: It's a question of her leadership when our aims aren't clearly defined. When people understand what she's doing there's a good deal of admiration for her energy and resolution and persistence, even from those people who don't agree with her. Now there's

12626-489: Was firmly opposed to the Iraq War . Due to its advocacy of free markets and free trade, it is often identified as centrist to centre-right in its political positions. The modern FT is a product of a merger of two smaller newspapers in 1945 ; since that time, the paper had backed the Conservatives fairly consistently, but Labour's tacking to the centre, combined with the Conservatives' embracement of Euroscepticism, led

12744-791: Was given a life peerage to sit in the House of Lords as Baron Tebbit , of Chingford . He retired from the House on 31 March 2022. Born in Ponders End , Middlesex , to working-class parents Leonard and Edith Tebbit, he went to Edmonton County Grammar School , which was then an academically selective state school in north London. At the age of 16, Tebbit got a job with the Financial Times and had to join NATSOPA . Disliking rules that caused members who criticised union officials to be fined or expelled (and thus lose their jobs), he recalled vowing to "break

12862-435: Was left permanently disabled after the explosion. He left the cabinet following the 1987 general election to care for his wife. Tebbit considered standing for the Conservative leadership following Margaret Thatcher 's resignation in 1990, but came to the decision not to stand as he had earlier made a commitment to his wife to retire from front-line politics. He did not stand for re-election as MP for Chingford in 1992, and

12980-489: Was on the subject of a crash of a Comet-4 aircraft in Spain on 3 July, which killed all the 112 people on board at the time. In 1975, six men (the 'Ferrybridge Six') were dismissed from their jobs because of the introduction of a closed shop and were denied unemployment benefit . The Secretary of State for Employment , Michael Foot , commented: "A person who declines to fall in with new conditions of employment which result from

13098-485: Was once 50% owned by FT , reaches 32%. FT 's The Banker also proved vital reading, reaching 24%. In addition, in 2010 the FT was regarded as the most credible publication in reporting financial and economic issues among the Worldwide Professional Investment Community audience. The Economist was rated the third-most-credible title by most influential professional investors, while

13216-484: Was published, however, the words "the invention of" had been removed. Despite publishing this letter The Guardian subsequently repeated the quote, and Young again attributed it to him in a letter to The Spectator . Tebbit feared that if no action was taken against The Guardian the Labour Party would use this quote against the Conservatives in the forthcoming general election. With Thatcher's consent Tebbit threatened

13334-506: Was rumoured a Marplan opinion poll showed a 2% Conservative lead, the 'exiles' camp of David Young , Tim Bell and the Young and Rubicam firm advocated a more aggressively anti-Labour message. This was when, according to Young's memoirs, Young got Tebbit by the lapels and shook him, shouting: "Norman, listen to me, we're about to lose this fucking election". In his memoirs, Tebbit defends the Conservative campaign: "We finished exactly as planned on

13452-645: Was seen as a shift to a 'tougher' approach to the trade unions than had been the case under Tebbit's predecessor, Jim Prior . Tebbit introduced the Employment Act 1982 which raised the level of compensation for those unfairly dismissed from a closed shop and prohibited closed shops unless 80% of relevant workers approved the arrangement in periodic ballots. It also removed trade unions' immunity from liability in tort – i.e. made trade unions liable for civil damages if they committed unlawful acts, and made injunctions possible against such acts. In his memoirs Tebbit said that

13570-585: Was the editor of The Times and is now the chief executive of News Corporation . Will Lewis , a former New York correspondent and News Editor for the FT , edited the Daily Telegraph and the Wall Street Journal . Dominic Lawson went on to become editor of the Sunday Telegraph until he was dismissed in 2005. Andrew Adonis , a former education correspondent, became an adviser on education to

13688-470: Was the front-runner with (Heseltine: 14% vs Tebbit: 21%). In October 1988, MORI asked the same question, with similar results (Heseltine: 22% vs Tebbit: 15%) and (Heseltine: 20% vs Tebbit: 26%) amongst Conservative voters. However, Thatcher apparently once told Rupert Murdoch : "I couldn't get him elected as leader of the Tory party even if I wanted – nor would the country elect him if he was". On 6 January 1987,

13806-468: Was the natural reaction to unemployment: I grew up in the '30s with an unemployed father. He didn't riot. He got on his bike and looked for work, and he kept looking till he found it. As a result, Tebbit is often misquoted as having directly told the unemployed to "get on your bike", and he was popularly referred to as "Onyerbike" for some considerable time afterwards. The former Conservative Prime Minister Harold Macmillan once remarked of Tebbit: "Heard

13924-613: Was visiting London at the time and called on Thatcher to repudiate the remarks; instead, she defended Tebbit. In April 1990, he proposed the " Cricket test ", also known as the "Tebbit Test", when he argued that whether people from ethnic minorities in Britain supported the England cricket team (rather than the team from their country of ancestry) should be considered a barometer—but not the sole indicator—of whether they are truly British: "A large proportion of Britain's Asian population fail to pass

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