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Telegraph editorial 'makes no apology' over HSBC coverage Telegraph editorial 'makes no apology' over HSBC coverage
(35 minutes later)
The Daily Telegraph has published an editorial saying it "makes no apology" for its coverage of the HSBC tax scandal.The Daily Telegraph has published an editorial saying it "makes no apology" for its coverage of the HSBC tax scandal.
The paper's chief political commentator Peter Oborne resigned on Tuesday, saying prominence was not given to the story because of commercial interests.The paper's chief political commentator Peter Oborne resigned on Tuesday, saying prominence was not given to the story because of commercial interests.
The newspaper said "no subject, no story, no person and no organisation is off-limits to our journalists".The newspaper said "no subject, no story, no person and no organisation is off-limits to our journalists".
It would take "no lectures" from other news outlets, it added.It would take "no lectures" from other news outlets, it added.
"This newspaper makes no apology for the way in which it has covered the HSBC group and the allegations of wrongdoing by its Swiss subsidiary," the editorial said."This newspaper makes no apology for the way in which it has covered the HSBC group and the allegations of wrongdoing by its Swiss subsidiary," the editorial said.
It said allegations that HSBC helped hundreds of people evade UK tax using hidden HSBC accounts in Geneva had been "enthusiastically promoted by the BBC, the Guardian and their ideological soulmates in the Labour Party". It said allegations that the bank helped hundreds of people evade UK tax using hidden HSBC accounts in Geneva had been "enthusiastically promoted by the BBC, the Guardian and their ideological soulmates in the Labour Party".
"We have covered this matter as we do all others, according to our editorial judgment and informed by our values," it added. 'Fundamental principles'
In a lengthy statement published on the OpenDemocracy website on Tuesday, Mr Oborne, who joined the paper five years ago, said an assessment of the relationship between advertising and editorial at the newspaper was needed. "We have covered this matter as we do all others, according to our editorial judgment and informed by our values," the editorial said.
Media outlets that were "sniping" about the newspaper's coverage of HSBC" were "similarly dismissive" when the Telegraph began to reveal details of MPs' expenses claims, it said.
Restating its "fundamental principles", the newspaper said its journalists would "follow the facts without fear or favour and present the results of their work to you solely on their journalistic merits, according to their sound editorial judgment and no other consideration".
It added that it would be drawing up guidelines to define "clearly and openly how our editorial and commercial staff will co-operate".
In a lengthy statement published on the OpenDemocracy website on Tuesday, Mr Oborne, who joined the Telegraph five years ago, said an assessment of the relationship between advertising and editorial at the newspaper was needed.
He said the newspaper's recent coverage of HSBC had "placed what it perceives to be the interests of a major international bank above its duty to bring the news to Telegraph readers".
HSBC tax scandal in the Telegraph
Source: Nexis