Since the Bank of England reduced its base lending rate to an historically low 2% on Thursday UK media commentary has been dominated by a ‘will they, won’t they’ analysis of which banks are planning to pass on the full value of the 1% cut to their mortgage customers and which are not. At the [...]
Archive for the ‘Credit Crunch’ Category
Money (that’s what I want)…
Posted in Banking, Credit Crunch, Economy, Edelman, Hedge Funds, Media, Public Relations, tagged Banking, Edelman, Mortgage rates on 7 December 2008 | Leave a Comment »
Do You Know Where You’re Going To…..
Posted in Credit Crunch, Economy, Edelman, Politics, Public Relations, tagged British Chambers of Commerce, David Frost, Economy, Goldman Sachs, Jim O'Neill, John Waples, Liberal Democrats, Sunday Times, Vince Cable on 4 December 2008 | 1 Comment »
OK – first some self-justification. I realise that this song doesn’t exactly enhance my credentials as the wild man of PR. Unfortunately it’s the most appropriate one I could come up with in what is a necessarily short space of time and, having set out the parameters for titles myself – most importantly that they [...]
Heaven knows I’m miserable now…
Posted in Credit Crunch, Economy, Public Relations, Reputation, tagged Alitalia, BA, Economy, Recession, The Smiths on 28 November 2008 | Leave a Comment »
A week that began with a lukewarm reception for the fiscal stimulus package contained in Alistair Darling’s pre-budget report seems set to end with our beaten and battered economy no closer to getting itself up off the canvas. In London today more than 30 stores have staged special 7am openings in an attempt to ensure [...]
Brown Sugar…
Posted in Credit Crunch, Economy, Politics, tagged Alistair Darling, PBR, Vince Cable on 24 November 2008 | 1 Comment »
And there it was gone. The most eagerly anticipated – and heavily trailed – pre budget report since PBRs began (admittedly only ten years ago) has taken place against a backdrop of political discord and disagreement between the three main UK parties. The Government has moved in a single leap from Prudence to Profligacy, hoping that [...]
Dazed and confused…
Posted in Credit Crunch, Economy, Politics, tagged Banks, Credit Crunch, Economy, pre-budget report on 21 November 2008 | 1 Comment »
Today’s Daily Mail front page lead caught my eye. Under the headline ‘Banks: Now it gets Ugly’ it says that “Alistair Darling is so exasperated by the ‘moral failure’ of banks to help small firms and families that he is poised to toughen the law.” Apparently the particular target of the Chancellor’s ire is those [...]
Cars
Posted in Credit Crunch, Economy, Politics, Public Relations, Reputation, tagged Cars, Detroit, Gary Numan, Richard Edelman on 19 November 2008 | Leave a Comment »
On one level, the current debate over the fate of the Big 3 Detroit car companies – and specifically whether the US Government should extend a further $25bn of public money to help the industry weather its own current financial crisis – puts me in mind of the “what have the Roman’s ever done for [...]
Suspicious minds…
Posted in Banking, Credit Crunch, Economy, Media, Public Relations, Reputation, tagged Cedric Brown, Clinton Manning, Daily Mirror, HBoS, News of the World, Public Relations, Sunday Mail on 10 November 2008 | Leave a Comment »
There is no situation so bad that can’t be made even worse with a “lavish staff blowout” as yesterday’s News of the World front page story about HBoS’s Annual Star Gala event, which took place in Edinburgh last week, and the Sunday Mail’s exclusive about the bank’s planned December event in Birmingham for 1,500 mortgage [...]
Down down…
Posted in Credit Crunch, Economy, Edelman, Markets, Politics, tagged Bank of England, Economy, interest rates, Public Relations, Status Quo, Susan Eastoe on 6 November 2008 | Leave a Comment »
Is the Governor of the Bank of England sending a signal to the banks with today’s shock 1.5% reduction in interest rates? This is the view of my colleague Susan Eastoe, Edelman’s Deputy CEO and Public Affairs guru who says that in dropping base rates to their lowest point since 1955 it looks like Mervyn [...]
Oh Lord, please don’t let me be misunderstood…
Posted in Credit Crunch, Economy, Hedge Funds, Reputation, tagged Credit Crunch, Hedge Funds, International Standard Asset Management, Man Group, Stanley Fink on 29 October 2008 | 1 Comment »
Other than the banks themselves, no sector has been closer to the frontline of the Credit Crunch than the Hedge Fund industry which has found itself in the unwelcome role of chief scapegoat for the collapse of the financial world as we previously knew it. This is an object lesson in what happens when an [...]
