Credit crisis diary: What Ed Richards does in his spare time
Thursday 22 January 2009
Schoolboy giggles at the Ofcom briefing yesterday on the future of public sector broadcasting. Pressed on possible radical options for restructuring the industry, Ofcom boss Ed Richards was asked what he imagined in his wildest dreams while at home. "I do have a few fantasies but none of them involve broadcasting," Richards replied without thinking, before blushing deeply.
Obama puts boot into the red devils
That Barack Obama has certainly hit the ground running. On his first day, he intervened in the Guantanamo trials and also seems to have found time to tell the state-owned insurer AIG not to renew its sponsorship of Manchester United. Still, what else did you expect from a basketball fan?
Check Mervyn's diary and then bet big
Need to make a quick buck (or at least work out when to buy your travel money)? You could do worse than checking the schedule of Mervyn King and then betting on a collapse in the pound. New Star economist Simon Ward points out that every single speech the Bank of Governor has made in recent months has been accompanied – a matter of coincidence, we assume – by a one-day sell-off of sterling.
The taxman says no
HM Revenue & Customs doesn't miss a trick. After a spate of base rate cuts from the Bank of England, it has decided to cut the interest rate it pays on tax it has over-collected. From now on, the rate will be zero. That's right, while even the most tinpot little bank account pays interest on deposits – and with base rates at 1.5 per cent – HMRC has decided not to pay a penny of interest on overpaid tax.
Celebrating the right action heroes
Character Group is excited about its new range of toy soldiers, "which has the potential to fill the void caused by the current lack of authentic military-inspired toys in the action toy figure market". The toy company has been working with the Ministry of Defence and the Armed Forces "to create an inspirational range that portrays the correct ethos of its constituent services". Let's hope they didn't consult Prince Harry.
U-turn at the tills
Sainsbury's staff were delighted to hear Justin King saying he had no plans for job losses when unveiling the supermarket's results a fortnight or so ago. So yesterday's announcement of 300 job cuts must have been quite a shock.
- 1 Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
- 5 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
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