THE PRESSING ISSUE

Yes the scandal at the now defunct News of the World is important and the cross-party moves against News Corp are impressive but surely there are more important issues that should be looked at the moment?

A quick glance at the BBC's website - still the information portal of choice for the general public - shows that BSkyB is still the top story while unemployment and IMF/Italy come in at second and third place.

At a time, where Euro-leaders are in a spate of indecision, doubts grow over the state of the UK recovery and worrying signs that China is slowing down, surely these are more important business issues than the behaviour of some hacks over at Wapping?

The risks to the global economy are in stark contrast to the risks to Murdoch's empire and there should be concern that the general public will not be fully informed if the crunch does happen, because if it does, it is not going to be pleasant.

Despite this, I will make one comment about the phone-tapping scandal - one of News International's main competitors which is loving the whole shebang is DMG, which published the Daily Mail, which was the biggest offender for phone tapping according to the research that the Information Commissioner did on the topic - go figure.