Credit crisis diary: Flanders sticks her stake in the ground

Another warning shot from the BBC's economics editor, Stephanie Flanders, to her colleague Robert Peston, the Beeb's business editor, with whom, insiders say, a healthy rivalry is developing. In a less than exacting interview with the London Evening Standard, Flanders makes a point of praising Peston for his coverage of the credit crunch, which she says has been "business centred" until recently. Now, however, "the story is moving on to the real economy", Flanders adds. In other words, "Get off my patch, Robert".

Give that regulator a hand

Ofcom is proud to announce that its staff are taking a pay freeze this year and that executives will not be receiving much in the way of bonuses. It's good to see a public sector organisation taking its share of the economic pain, of course. If Collette Bowe, the telecoms regulator's newly appointed chairman is struggling, we would be happy to organise a whip-round. On only £200,000 a year for a three-day week, it's going to be tough for her to make ends meet.

Odey accuses ministers of monkey business

Good news from Crispin Odey, whose hedge fund made a 27 per cent return in April thanks largely to bets on British banks, which he famously sold short last year. Not that Odey is grateful to the Government for its attempts to prevent a total collapse in the banking sector. "Government has felt and acted like a gorilla in this downturn," Odey tells investors in his latest update on their fund.

Kiwis launch the battle of the butter

This is rapidly becoming a diplomatic incident. Dairy Crest's advertising campaign for its Country Life butter – which points out that rival product Anchor is made in New Zealand – has enraged our antipodean friends. The Federated Farmers of New Zealand accuse Dairy Crest of "protectionism" and "being underhanded". And, by the way, British butter is "pale and insipid", the farmers add.

Thanks, IMF, do pop in again some time

The International Monetary Fund's recent trip to Britain produced a surprisingly upbeat assessment of the UK economy, the body said yesterday, despite some reservations about the Government's forecasts for a strong recovery. Sounds like the folks from the IMF had a good time too. Its lengthy report concludes: "We are grateful for the warm welcome by those we have met during our discussions."

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
News
election 2015The 10 best quotes of the campaign
News
A caravan being used as a polling station in Ford near Salisbury, during the 2010 election
election 2015The Independent's guide to get you through polling day
News
people
Voices
David Blunkett joins the Labour candidate for Redcar Anna Turley on a campaigning visit last month
voicesWhat I learnt from my years in government, by the former Home Secretary David Blunkett
ebooks
ebooksA celebration of British elections
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Ashdown Group: Editor-in-chief - Financial Services - City, London

£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...

Ashdown Group: Junior Application Support Analyst - Fluent German Speaker

£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...

Guru Careers: Management Accountant

£27 - 35k + Bonus + Benefits: Guru Careers: A Management Accountant is needed ...

Guru Careers: Project Manager / Business Analyst

£40-50k + Benefits.: Guru Careers: A Project Manager / Business Analyst is nee...

Day In a Page

General Election 2015: ‘We will not sit down with Nicola Sturgeon’, says Ed Balls

'We will not sit down with Nicola Sturgeon'

In an exclusive interview, Ed Balls says he won't negotiate his first Budget with SNP MPs - even if Labour need their votes to secure its passage
VE Day 70th anniversary: How ordinary Britons celebrated the end of war in Europe

How ordinary Britons celebrated VE Day

Our perception of VE Day usually involves crowds of giddy Britons casting off the shackles of war with gay abandon. The truth was more nuanced
They came in with William Caxton's printing press, but typefaces still matter in the digital age

Typefaces still matter in the digital age

A new typeface once took years to create, now thousands are available at the click of a drop-down menu. So why do most of us still rely on the old classics, asks Meg Carter?
Discovery of 'missing link' between the two main life-forms on Earth could explain evolution of animals, say scientists

'Missing link' between Earth's two life-forms found

New microbial species tells us something about our dark past, say scientists
The Pan Am Experience is a 'flight' back to the 1970s that never takes off - at least, not literally

Pan Am Experience: A 'flight' back to the 70s

Tim Walker checks in and checks out a four-hour journey with a difference
Humans aren't alone in indulging in politics - it's everywhere in the animal world

Humans aren't alone in indulging in politics

Voting, mutual back-scratching, coups and charismatic leaders - it's everywhere in the animal world
Crisp sales are in decline - but this tasty trivia might tempt back the turncoats

Crisp sales are in decline

As a nation we're filling up on popcorn and pitta chips and forsaking their potato-based predecessors
Ronald McDonald the muse? Why Banksy, Ron English and Keith Coventry are lovin' Maccy D's

Ronald McDonald the muse

A new wave of artists is taking inspiration from the fast food chain
13 best picnic blankets

13 best picnic blankets

Dine al fresco without the grass stains and damp bottoms with something from our pick of picnic rugs
Barcelona 3 Bayern Munich 0 player ratings: Lionel Messi scores twice - but does he score highest in our ratings?

Barcelona vs Bayern Munich player ratings

Lionel Messi scores twice - but does he score highest in our ratings?
Martin Guptill: Explosive New Zealand batsman who sets the range for Kiwis' big guns

Explosive batsman who sets the range for Kiwis' big guns

Martin Guptill has smashed early runs for Derbyshire and tells Richard Edwards to expect more from the 'freakish' Brendon McCullum and his buoyant team during their tour of England
General Election 2015: Ed Miliband's unlikely journey from hapless geek to heart-throb

Miliband's unlikely journey from hapless geek to heart-throb

He was meant to be Labour's biggest handicap - but has become almost an asset
General Election 2015: A guide to the smaller parties, from the the National Health Action Party to the Church of the Militant Elvis Party

On the margins

From Militant Elvis to Women's Equality: a guide to the underdogs standing in the election
Amr Darrag: Ex-Muslim Brotherhood minister in exile still believes Egypt's military regime can be replaced with 'moderate' Islamic rule

'This is the battle of young Egypt for the future of our country'

Ex-Muslim Brotherhood minister Amr Darrag still believes the opposition can rid Egypt of its military regime and replace it with 'moderate' Islamic rule, he tells Robert Fisk
Why patients must rely less on doctors: Improving our own health is the 'blockbuster drug of the century'

Why patients must rely less on doctors

Improving our own health is the 'blockbuster drug of the century'