//...surely he has enough on his plate without reading tittle tattle.//
In this particular case it isn't tittle tattle. The electorate is entitled to know what financial shenanigans the C of the E and his wife are up to whilst he puts up taxes to an excessive degree for everybody else.
That aside, Private Eye has been instrumental in exposing some of the biggest scandals that eventually come to the public's attention. Immediately to mind comes the Post Office affair, where sub-postmasters ended up in prison because of a flawed IT system, the recently revealed maternity hospital scandal and the persecution of a Northamptonshire publican by his Local Authority because he had the temerity to bar a solicitor from his three pubs for foul behaviour. He lost his business, his marriage and almost his sanity as a result. And I nearly forgot, the solicitor was the mistress of the Chief Executive of the local council. Private Eye reveals all manner of lesser goings-on, particular with Local Authorities in its "Rotten Boroughs" section. It should be read by anybody who, like me, believes Local Authorities are an unnecessary and superfluous gravy train which the country could easily do without.