UK ‘3 hours from full banking collapse’
January 26, 2009
Britain was just three hours away from going bust last year after a secret run on the banks, one of Gordon Brown’s Ministers has revealed. City Minister Paul Myners disclosed that on Friday, October 10, the country was ‘very close’ to a complete banking collapse after ‘major depositors’ attempted to withdraw their money en masse.
60-year-old Lord Myners was accused last night of being ‘completely irresponsible’ for admitting the scale of the crisis while the recession was still deepening and major institutions such as Barclays remain under intense pressure.
This part is driving us crazy “‘completely irresponsible’ for admitting the scale of the crisis ” … meaning that things might even be worse now but no one knows? It’s under wraps?
An old school bank run, only now it was done online via wire transfer.
Apple iPhone advertising banned in the UK - Full Commercial Here
November 26, 2008
It appears that Apple has been lying about the speed of the iPhone when surfing the web, and those ads have been forced down by the ASA in the UK.
The Advertising Standards Authority (ASA) have banned a Apple iPhone 3G TV campaign after regulators branded it as misleading consumers over the speed the iPhone 3G can access the internet.
This is the second time Apple (AAPL) has breached the advertising code regarding the iPhone. The first ban was back in August over the original first generation iPhone.
What makes this story interesting is that roughly the same ad is running now in the US… but we have no problem lying to consumers.
McCann Erickson : 40% of the UK blames Bush for Economic Meltdown
November 25, 2008
The Brits are so kind, over in the US it’s most likely closer to 99%… The research, by advertising agency McCann Erickson, found almost 40 percent of people blamed the U.S. for the credit crisis, with 27 percent saying U.S. banks were responsible and 10 percent pointing the finger at the outgoing U.S. government. Full Story
Saatchi & Saatchi to promote the “mark of the beast”
November 7, 2008
Granted the headline is somewhat comical, but only somewhat. Gordon Brown has hired Saatchi & Saatchi to promote the “One ID Card for everything” … what some religious groups have called it the “Mark of the Beast”
Mandrake hears that the Government is paying M&C Saatchi, the advertising firm part-owned by Lord Saatchi, the former Tory chairman, to advise on its public relations strategy.
“We have done quite a bit of work with the Central Office of Information,” says my man at the Soho-based advertising agency. “We’ve been tasked with dealing with the PR fallout over the lost data and have been helping out with that.”
In September, it was disclosed that the Government was paying M&C Saatchi to “sell” its controversial £20 billion identity card scheme to the public.
Full Story
So when the plan is bad, hire an Advertising Agency to change public opinion…
Dwarf moves WPP to Ireland
September 28, 2008
Most of the time we think the Dwarf is off his rocker… however in this case… we would of done the same thing.
A dispute between business and the UK government over its tax treatment of multinationals is set to deepen this week when WPP group plc , the world’s second-largest advertising agency, announces plans to shift its British headquarters to Ireland.
WPP is expected to say it is moving its tax domicile from the UK because of the threat of a markedly higher British corporation tax bill. WPP would be the latest UK-based group to shift its domicile – or to consider doing so – because of complaints about the British tax system’s waning competitiveness.
Pretty interesting stuff overall…
Game Over : UK Online ad spending to overtake TV this year
June 17, 2008
With news that shook the big advertising agencies in a big way, online spending is set to pass TV spending this year… and the problem is the big agencies have yet to develop an online strategy.. zero investment in a search engine optimization firm.. being forced to share clients with little SEO firms… all sorts of problems… enjoy the read.
The Internet will overtake television as the biggest advertising medium in Britain this year, with over 19 percent of total ad spend, according to a forecast by Enders Analysis.
Full Story
WPP may move to Ireland
May 1, 2008
Woah…. bump up taxes… off they go… amazing stuff.
WPP Chief Executive Sir Martin Sorrell has hinted that he may move the company to Ireland to reduce its tax bills. It would join United Business Media and Shire Pharmaceuticals in making the move across the Irish Sea.
Sorrell said that becoming tax resident in Ireland could save the firm tens of millions of pounds a year in tax. The world’s second biggest advertising agency pays about £200m in tax every year.
UK : We need an Advertising Agency
March 26, 2008
The Government is getting ready with for the next census in 2011, as it starts its search for an advertising agency to underscore the importance of the survey.
The Office of National Statistics brief will be handled by COI. The aim is to encourage more people to take part in the once-a-decade event, with the ONS particularly keen to appeal to the young and the elderly, the groups who are most reluctant to complete the survey.
The last census was held in 2001, when the ONS appointed M&C Saatchi to handle its £4m advertising and marketing activity. The agency created a campaign called: “Count me in”, showing different people raising their hands.
It is understood the ONS will also be searching for a direct marketing agency to help carry out a segmentation exercise to identify various hard-to-reach groups such as the migrant population.
10 Bucks, Holding companies only allowed to bid.
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