The Standard in crisis: read all about it, but for how much longer?

As London's local' paper hits troubled times, we examine the profitable past and challenging future for Britain's provincial press

What job title did George Osborne, the former Conservative chancellor of the exchequer, and the late Labour leader Michael Foot both hold? It is a pub quiz teaser, but one that becomes easier if you add the names of journalists Max Hastings and Paul Dacre to the list.

The answer is that all four of them have at one time edited the Evening Standard, the London local newspaper that has long stood alongside Britain's major national titles, mainly by virtue of covering a vast capital city and serving a captive audience of commuters.