Credit crisis diary: Mandelson's shadowy doorman

Business minister Lord Mandelson is usually charm personified, but was that just a hint of snobbishness we detected during his appearance at a conference jointly sponsored by the ABI and the CBI yesterday? Mandy started his speech by saying how pleased he had been to have been met at the door of the do by Lord Hunt of Wirral, his Conservative shadow. "I don't think he was the doorman," he added.

Everyone likes to back the winning side

Maybe Lord Mandelson is feeling a little dispirited by the increasing number of prominent figures from the business world to be deserting the Labour government for the good ship Cameron. Rolls-Royce boss Sir John Rose, who has often proffered advice to Gordon Brown, has, we understand, joined a Conservative Party committee of the great and good on the economy. The Tories made much last year of "embedding" staff with Rolls-Royce in order for them to learn more about business, and now it seems the traffic is going both ways.

Royal Bank still knows how to party

Royal Bank of Scotland does its best to appear squeaky clean these days on matters of corporate excess, desperate as it is to put the Sir Fred pension affair behind it. But executives at the bank would be wise to make sure all employees have got the message – the occupants of its posh box at Arsenal's Emirates Stadium were certainly not shy about living it up during the Champions League semi-final on Tuesday night.

Smile, you're on a Serco camera

If you're the bloke who runs the company responsible for installing around 4,500 speed cameras in the UK, you presumably know where they are – or at least that there are lots out there. Not Tom Riall, head of Serco's home affairs subsidiary, who was banned from driving for six months yesterday after a camera clocked him doing 103mph in a 70mph zone.

Moody's takes a blurry view of the economy

The poor folks at Moody's have got themselves in a right mess on the likely nature of Britain's economic recovery. What you want, you see, is a "U-shaped" economy in which the recovery is just as steep as the decline. What you don't want is the dreaded L, where stagnation follows decline. Moody's expects something in between – a "hook-shaped scenario" – though it isn't ruling out that this "could potentially evolve into an L-shaped scenario". Our heads are spinning.

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
News
i100
Travel
Suite dreams: the JW Marriott in Venice
travelChic new hotels in 2015
Arts and Entertainment
Sink the Pink's 2013 New Year's Eve party
musicFour of Britain's top DJs give their verdict on how to party into 2015
ebooks
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
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

Selby Jennings: VP/SVP Credit Quant- NY- Investment Bank

Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...

Selby Jennings: Quantitative Research | Equity | New York

Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...

Selby Jennings: SVP Model Validation

Not specified: Selby Jennings: SVP Model Validation This top tiered investment...

Selby Jennings: Oil Operations

Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...

Day In a Page

Aren’t you glad you didn’t say that? The worst wince-and-look-away quotes of the year

Aren’t you glad you didn’t say that?

The worst wince-and-look-away quotes of the year
Hollande's vanity project is on a high-speed track to the middle of nowhere

Vanity project on a high-speed track to nowhere

France’s TGV network has become mired in controversy
Sports Quiz of the Year

Sports Quiz of the Year

So, how closely were you paying attention during 2014?
Alexander Armstrong on insulting Mary Berry, his love of 'Bargain Hunt', and life as a llama farmer

Alexander Armstrong on insulting Mary Berry and his love of 'Bargain Hunt'

From Armstrong and Miller to Pointless
Sanchez helps Gunners hold on after Giroud's moment of madness

Sanchez helps Gunners hold on

Olivier Giroud's moment of madness nearly costs them
A Christmas without hope: Fears grow in Gaza that the conflict with Israel will soon reignite

Christmas without hope

Gaza fears grow that conflict with Israel will soon reignite
After 150 years, you can finally visit the grisliest museum in the country

The 'Black Museum'

After 150 years, you can finally visit Britain's grisliest museum
No ho-ho-hos with Nick Frost's badass Santa

No ho-ho-hos with Nick Frost's badass Santa

Doctor Who Christmas Special TV review
Chilly Christmas: Swimmers take festive dip for charity

Chilly Christmas

Swimmers dive into freezing British waters for charity
Veterans' hostel 'overwhelmed by kindness' for festive dinner

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

What are you – a festive curmudgeon or top of the tree?
Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect