I was just listening to the radio. A news presenter had just had a point about economics explained (rather well) by the in-house correspondent. Yet he replied, with an almost audible shrug of his shoulders and a laughing lilt in his voice, by saying: "I don’t understand a thing about finance."
Now, apologies for deliberately mistitling this blog. But had I headlined it with "finance" instead of "politics", would it still have piqued your interest? That’s the problem! No presenter would ever say that about a politics or crime story, so why is it acceptable even for the supposed bastions of incisive journalism to joke about their own financial illiteracy?
This has happened to me a good number of times in my career. I’ve had interviewers look down the camera, in a way seemingly complicit with the viewer, and say: "I hope you understood that, as I never really got ISAs." Now apart from the professional discourtesy of this – saying that in effect my explanation didn’t make sense – it plays into the hands of the idea that the world of money is some type of ghetto that "normal people" don’t get. What rubbish.
If you don’t get ISAs, then learn! As a news presenter it’s your job to at least understand the basics of consumer finance, business and economics. If you’re not capable of it, perhaps look for a different profession.
In fact, invariably the reason the presenter doesn’t understand is because they haven’t listened – they’ve zoned out, or someone has spoken to them in their ear piece and they cover it with a gag about their lack of money interest. Yet again I ask – would they make the same gag about politics?
It’s time this changed. Perhaps the last great taboo in the UK is to talk about money – let alone show any interest in it. Those of us who do are mocked as "knowing the price of everything and the value of nothing" as if being educated and interested in money matters means you can’t have an emotional IQ as well.
PS: I’ve changed a few of the words and facts here to keep it anonymised as my aim in writing this blog isn’t to shame an individual, but rather to expose a common attitude.