Business Diary: An economist swaps sides
Friday 05 August 2011
A new tactic from HM Treasury? Earlier this week, the National Institute for Economic and Social Research published a pretty damning report on the Government's economic policy, basically accusing the Chancellor of getting it wrong. Now the NIESR has announced a new director of macroeconomic research: he is Dr Angus Armstrong, who currently does something very similar for, wait for it, the Treasury. Has George Osborne dispatched an infiltrator?
A chance to put the brand up high
A pitch reaches us from AEG, owner of the Dome in Greenwich, London. It has already enjoyed plenty of publicity for its plans to build a "roofwalk" over the top of the dome, in time for the Olympics next summer, but now it is after a naming partner (O2 is already signed up for the dome itself). So which British businesses might want to pay to have their names associated with this country's answer to the Sydney Harbour Bridge walk? Sky seems an obvious contender – or one of the airlines? Maybe even a bank eager to restore its reputation. Your suggestions gratefully received.
Asda's wine buffs left spitting
Guy Woodward, the editor of Decanter magazine, has ruffled some feathers with an assertion on Radio 5 Live late on Tuesday that it is not possible in this country to buy a decent bottle of wine for less than a fiver. In particular, Asda has promptly branded Woodward a snob. Now, we're not wine buffs here, but we can't help feeling that Asda has a point. It lists a string of award-winning wines it sells in its supermarkets for less than £5. And who were those awards from? Step forward Decanter magazine.
Singing the blues in the City
It is good to see that the Diary's old friend David Buik, now retired from frontline duties at BGC Partners (and a 40-year career in the City) is keeping busy. Buik gets in touch to amuse us with a modern-day reworking of Bob Dylan's "Subterranean Blues". Sample lyric: "The banker in the trench coat/ Kicked out, laid off/Says he's got a bad cough/Wants his bonus paid off/ Look out kid/ It's that crap trade you did."
Don't give up the day job David – oh, you did.
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Axe wielding man shot dead after attacking four New York policemen on busy street
- 3 Watch what happened when food critics were unknowingly served McDonald's
- 4 Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
- 5 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
Renee Zellweger on plastic surgery rumours: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
FCKH8: YouTube reinstates provocative anti-sexism video showing young girls swearing
Axe wielding man shot dead after attacking four New York policemen on busy street
This 'woman calls police to order pizza' story isn't going where you're expecting
Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
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