Thursday 23 March 2017

Just About Managing

Last September, the Resolution Foundation - a think-tank that describes itself as working "to improve the living standards of those in Britain on low to middle incomes" - said that there were six million families in the UK that were 'just managing.'[1] Inevitably these families were christened the JAM's, or the 'just about managing.' The report does not say how many of these families include someone who has had to take two jobs to make ends meet, but one imagines there are many, since according to an article in the Financial Times from January 2015, there were 1.2 million people with two official jobs - factor in those who moonlight and therefore don't declare their second income and the number will be significantly greater.

Chancellor Philip Hammond's Autumn Statement was supposed to offer help to the JAMs - there seems to be little evidence.


Naturally, the majority of those people who hold down two jobs do so through economic necessity: a few might be doing something they love and earning a little extra as a bonus, but for the bulk of second-jobbers, it is more likely that their two jobs probably pay minimum wage or just above, and they have been forced to take them purely to keep their heads above water. And in all probability, the number of people taking on second jobs will increase in the future. The proliferation of the gig economy and the popularity of zero hours contracts (popular with employers, if not with workers), the raising of the normal retirement age and changes to pension arrangements have, among other factors, dramatically changed the face of work in the UK in recent years.

But there is one thing that has not changed - and probably never will - and that is that while for a vast swathe of the population worrying about money, scrimping and saving, fretting about putting food on the table are a way of life, there is a section of society that is isolated and insulated from such concerns. And among that latter set are the people who make decisions that affect the former group, namely our Members of Parliament. Ironically, this group also includes some who have second jobs, and while there may be few who are impecunious, there will undoubtedly be some whose lifestyle and their reluctance to live within their means makes that second income a necessity. For many companies, the opportunity to engage an MP has less to do with what they can do in the office or in the boardroom and more about what they can do for the company in Westminster.

How the Evening Standard announced George Osborne's appointment.

Whether or not MPs ought to be able to take on a second job is debatable; can a sitting MP realistically represent his constituents properly if he has employment obligations elsewhere? The question has been raised again recently following the announcement that George Osborne, the former Chancellor of The Exchequer and sitting Conservative MP for Tatton in Cheshire, has been appointed editor of The Evening Standard. This, on top of his role as economic adviser to the American global investment management corporation, BlackRock - albeit that that job (which pays him £650,000 per annum) takes up just one day a week - and presumably, often not even that. In addition, Osborne is regularly paid to make speeches and has a salaried position with the McCain Institute for International Leadership. In total, his editorship of the giveaway London evening newspaper will be his sixth job. According to Osborne's website, "George holds regular surgeries at locations across the constituency for Tatton residents." But so far this year Osborne has reportedly had just five engagements in his constituency - three of which were on the same day -and holding down five jobs apart from his duties as MP suggests that the people he represents will see him rarely.

How George's local paper might have reported the news.


When I heard the news of Osborne's appointment as editor of the Standard I immediately assumed that he would be resigning as an MP, that in the wake of his sacking as Chancellor and his return to the back benches he would be looking for an alternative to politics. I assumed that he had decided that remaining an MP would not be sustainable while also being editor of a daily newspaper: I doubt I was alone in that misapprehension. Former Tory Cabinet Minister David Mellor, writing in a blog on the LBC website, expressed surprise that Osborne thinks he can juggle his new role and his other jobs with his existing commitments to his constituents. But Mellor says that MPs should not be barred from having and form of second job, because, he says, "There’s actually no reason for MPs to be full time. There isn’t actually enough for them to do, particularly with the money they now have to employ staff to do their correspondence and casework etc."

David Mellor


I am sure that a lot of very hard-working MPs will not recognise David Mellor's view, but if he is right, that many MPs do not have enough to do to fill the hours, then we are being seriously short changed: £74,000 for a part-time jobs seems a bit excessive, but if this were put to them, MPs would vote to reduce their hours to fit the work they actually do, rather than trim their salaries.

"I'm rich, rich I tell you!"


It seems that in order to fulfil his obligations to his new employers, Osborne will need to be at his desk by 5am, and work till mid-day before heading for Westminster - if indeed he bothers to attend: Labour MP for Bassetlaw, John Mann has accused Osborne of being "invisible" in Parliament while his boss, Jeremy Corbyn said, "The appointment makes a mockery of the independence of the media." I'm not sure how independent any of our media is anyway, but Osborne's appointment, less than a year after he was poster boy for the Remain campaign in the EU referendum, suggests that the editorial policy of the Standard is going to especially critical in its examination of Theresa May's Brexit negotiations with Brussels.

I can't imagine that all of Osborne's new colleagues at the Evening Standard are overjoyed at the prospect of having someone with no journalistic experience as their new boss either. Having worked in offices where new managers, with no previous experience of banking, were parachuted and having this justified on the grounds that managing people and processes is generic and requires no prior knowledge of the business, I can vouch for the fact that there is certain tension as a result. I expect Osborne's reception at the Standard to be indifference at best. He certainly won't be popular, but I suspect he is used to that.

Since we live in a time when the media is under attack for bias and the alleged circulation of fake news, and when the standing of politicians has reached a similarly low ebb, it is perhaps appropriate that the two worlds meet as a result of Osborne entering journalism:  maybe the two of them deserve each other.

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