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Archive for the ‘Economy’ Category

What better way to return to the blogosphere than on the back of this classic piece of pomp rock from Whitesnake (and by the way a special nod to the friend who suggested ‘Hello, Hello I’m back again’ (by convicted paedophile Gary Glitter)…I make my living advising people not to fall into precisely that kind of [...]

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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 [...]

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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 [...]

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It’s an indication of the constantly changing state of the financial world – and the Government’s introduction in draft form in May of many of the bills presented – that today’s Queen’s Speech has been largely shrugged off in the City.    While there were certainly murmurs of discontent from business groups such as the British [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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