Monday 10 June 2019

Jeremy Cut-Me-Own-Throat Hunt, Entrepreneur

I’d be the first prime minister who has been an entrepreneur – creating hundreds of jobs in a way that goes to the heart of what we as a party stand for.

So said Jeremy Hunt, many times in the past weeks as he runs for the leadership of the Conservative Party.

Oh yeah? My image of an entrepreneur is someone who comes from nowhere and makes their fortune with a good idea, struggling against the entrenched interests of the establishment.

Jeremy Richard Streynsham Hunt emerged neither from a slum nor a ghetto. He did not scrabble. Rather, he is the product of entirely of aristocratic breeding and state-funded privilege. Little Jeremy was not found in a box: he is the son of Admiral Sir Nicholas Hunt, who went on to share several major companies once he got off his boat, and Lady Meriel Hunt. Young Jeremy attended Charterhouse, which currently costs £40,000 per year and brings with it an enormous amount of social capital: not the typical background of an entrepreneur. Who paid the fees? Well, we did. Some indirectly through Daddy's Navy salary, and, I suspect, directly via the Continuity of Education Allowance that pays for services' kids to go to private schools.

Either way, Jeremy's head start in life was entirely funded by those of us who do not have access to an elite school, nor to the social and cultural networks that are the unspoken side-benefits of attending such places.

Where did Jeremy go next? Well, despite coming across as slightly limited in the cerebral region, his hothouse education landed him a place at Magdalen College Oxford. Luckily for the country, pater didn't have to scrape his pennies together to fund this: Jezza is another of those Tories who benefited from a free university education and subsequently kicked away the ladder. Active in the Conservative association, Jeremy rubbed shoulders with a wider set of rich kids, and went into management consultancy. All this, therefore, is underpinned not by the free market, but by the efforts of the state, paid for by us.

Wait: the entrepreneurial stuff must be coming, right?

Well, up to a point, Lord Copper. He did set up a couple of companies that went bust, and a PR company, and then hit gold with Hotcourses: a website which aggregates university course details for potential students. Sounds perfectly legit, until you wonder where the raw material comes from? The reality is that state-funded institutions make their data available for free - and then pay to advertise on the site. One of its major customers is the British Council, i.e. another arm of the British Government. He sold it for £15m and went in to some very fishy-looking property deals. Oh, and the 'hundreds of jobs'? 300. In four countries.

Enterprising, yes. Not exactly entrepreneurial though: a career built on scraping other people's work, paid for many times over by the taxpayer, and arrived at after the rest of us generously funded the kind of education and access we could never dream of. Not exactly a model for the masses.

1 comment:

TonyB said...

Nice one, Vole, and spot on. But I suspect that he’ll end up being the last one in the frame along with Boris, to be voted on by the backwoods tories who will decide our next PM. I’m not sure I want a PM who looks like a startled rabbit caught in the headlights. But then there’s Boris: the untrustworthy, libidinous bear...