Daily Telegraph 'makes no apology' for its coverage of HSBC scandal

HSBC Canary Wharf

The Daily Telegraph has published a leader defending its coverage of the HSBC scandal in which it “makes no apology” for the paper’s decision to largely ignore the story.

The leader, first published online on Thursday evening, criticises the BBC – which along with the Guardian first revealed how HSBC helped clients with Swiss accounts to avoid tax – for being subsidised by taxpayers, and the Guardian for being “cushioned from commercial reality by a generously-endowed charitable trust”.

“For the avoidance of any doubt, we have no regard for the opinions of rival media organisations. None is the paragon of moral or journalistic virtue that their criticisms this week might suggest. All have their own self-serving agendas, both political and commercial. We will take no lectures about journalism from the likes of the BBC, the Guardian or the Times.”

The article goes on to say that the Telegraph is “drawing up guidelines that will define clearly and openly how our editorial and commercial staff will co-operate in an increasingly competitive media industry”.

“No subject, no story, no person and no organisation is off-limits to our journalists. We care profoundly about our readers. There is indeed a bond of trust between a newspaper such as The Daily Telegraph and its readers. We take that bond very seriously indeed.”

Peter Oborne, who had been chief political commentator of the newspaper, resigned this week in protest at its coverage of the HSBC scandal.

The Telegraph veteran has called for an independent inquiry into the newspaper’s editorial guidelines.

The leader concludes: “We are proud to do that which our critics cannot or will not do: to combine journalistic excellence with commercial success. We do so for you, our readers. We will continue to do so.”

Powered by Guardian.co.ukThis article was written by Chris Johnston, for The Guardian on Thursday 19th February 2015 23.56 Europe/London

guardian.co.uk © Guardian News and Media Limited 2010

 

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