Steerpike

What’s the best way to deal with a full onslaught against your industry? A damn good party of course. ‘Despite the dismal financial outlook, Square Mile magazine held their annual Summer Party on Friday 13th for 1,000 City bankers,’ proclaims one of the most gloriously offensive press releases that Mr Steerpike has seen in long time. There were apparently ‘no signs of the dismal economy’ as bankers ‘quaffed free Iceberg Vodka and Louis Roederer champagne and were entertained by fire-breathing strippers and snake charmers’.

Where better for rebellious Tory MPs to hide from the domineering whips than behind a giant ice sculpture of a fighter jet? Defence spending is on ice in Whitehall, and Saab Technologies took this literally at their 75th birthday bash at County Hall last night. With Saab looking to open new factories in Britain, plenty of MPs dropped by in search of some constituency investment.   Lobbyists Bell Pottinger, who have had what might be described as a choppy year, are back with a bang having organised the event. But were uplighters and ice bars (straight out of a Bond film) the best way to make a room full of arms manufacturers seem less sinister? Mr Steerpike certainly thought so.

House of Lords reform? Most politicos are debating whether to elect senators or maintain the status-quo. Not so the Kensington, Chelsea and Fulham Conservatives, who held an evening discussion about whether the Lords should return to the hereditary principle. Mr Steerpike hears that it was a popular motion. Leading the charge was James Bethell, head of Westbourne Communications by day and 5th Baron Bethell by night. Lord Bethell stated that his great-grandfather bought his peerage for £10,000 in 1922. He said that the sum works out at over three million pounds in today’s money, which appears to be much more than the asking price for an elected seat.

It’s Euro-mania in SW1. Always reliable for hard hitting analysis, Tory foghorn Louise Mensch summed up what she saw as her party’s position on the EU: ‘We want a Diet Coke version. A skinny latte. An EasyJet ticket. An IKEA flat-pack. Pain, vin, Boursin. You know. Just the basics.’ And who said a referendum would dumb down a complicated issue? Those paid to walk the line are less happy though. One Tory spinner whispers to me: This ding-dong is almost as interesting as the tennis. Less civilised though...

One time Tory leader contender (now cabinet dead man walking) Jeremy Hunt faced the suits last night at his first outing in media circles since being dragged through the gutter over his relationship with News Corp.    Pencilled in to speak at the All Party Media Group’s summer drinks at Channel Four, the Culture Secretary tried to put on a brave face in a hostile crowd of media hacks, television types and lawyers. I can only think of rabbits and headlights.    After the softest of digs from host Austin Mitchell MP, who noted that Hunt had been starring in his very own reality TV show for the last few months, Jezza immediately recalled the last time he had been in the building he shared a platform with troubled comedian Jimmy Carr.

While summer party season is warming up, is the work drying up for Cherie Blair?  At last night's Renaissance Photography Prize at the Mall Gallery, Mrs Blair took full advantage of being introduced as Cherie Booth QC. 'As a barrister there are important people for me here - solicitors!' She went on to name check the sponsors Freshfields in a brazen nudge for their work. The short-listed photographers and breast cancer charity of course played second fiddle. *** Crossing the road to the annual Beating the Retreat on Horse Guards Parade, crowds were anticipating a royal to receive the salute and oversee proceedings. Drum roll please, trumpets ready, here comes — Sebastian Lord Coe. Cue audible groans.

Yesterday saw the annual Commons vs. Lords Tug of War, in aid of Macmillan and sponsored by BAE. Battle was joined at Westminster College Gardens, behind the cloisters of Westminster Abbey. Teams of marines, fireman, hacks and staffers battled it out before the final show down between the elected and the unelected. Disappointingly for the aristocracy, the commoners bagged it.    Champagne and the dulcet tones of TV's James Landale kept the crowd entertained. Speaker Bercow, defence minister Gerald Howarth and education minister Tim Loughton cheered on their colleagues, while Labour's Lord Foulkes and Sharon Hodgson became well acquainted with the bar.