Linstock’s Friday Takeaway: 27 November 2015

“We were commended for our work with TheCityUK at the Financial Services Forum’s Marketing Effectiveness Awards for leading the debate on important issues. ”

In the news

Good Week: Low-Paid and Police Workers

George Osborne chose to pull more policy U-turns than rabbits out of his hat during the Autumn Statement and Spending Review announcement on Wednesday. Top of the list was the Chancellor’s decision to abandon cuts to tax credits following a defeat in the House of Lords – a victory for the Labour Party and low-paid workers in particular. Other prominent spending re-thinks include maintaining police funding at the current level, rather than implementing a 20% cut.

Good Week: Black Friday

Retailers will indeed be hoping to be in the black by year-end and many will rely on a boost from festive sales to get there. Black Friday, the day that no civil shopper looks forward to, is upon us and bargain hunters are predicted to shell out £12,000 a second over the 24 hours. Some retailers, including Asda, have pledged not to get involved in the chaos that usually takes over stores (despite the fact that parent company Walmart started the Black Friday tradition). The battle for bargains will also be happening across the web, with money saving platform Voucher Box predicting Britain’s first ever £1bn plus online shopping day.

Bad Week: John McDonnell
The shadow Chancellor was dubbed John ‘MaoDonnell’ on Wednesday after quoting from the revolutionary’s Little Red Book in response to the Chancellor’s Autumn Statement. The Labour frontbencher claimed he used the quote, which stresses that when it comes to “economic work… we must not pretend to know what we do not know”, with the intention of drawing attention to Osborne’s selling of UK assets to Chinese investors. The scene, which will no doubt be replayed in Conservative Party broadcasts for years to come, wouldn’t look out of place in an episode of the Thick of It.

Bad Week: TFL
Apparently, the best way to “smooth the flow of people out of a busy station” is… to make them stand still. TFL has decided to dispense with age-old escalator tube etiquette for three weeks at Holborn as part of a trial designed to prevent overcrowding at peak times. Users of the station will not be able to walk on the right of escalators during the trial, and will be reminded by enthusiastic staff (equipped with megaphones) to stand on both sides. Health experts may well question the logic of such a move in a city where obesity and sedentary lifestyles are a pressing issue.

Linstock News

We attended the Financial Services Forum’s Marketing Effectiveness Awards, where we were commended for our work with TheCityUK, an independent membership body promoting the UK financial and professional services industry, for leading the debate on important issues.

Client news

TheCityUK’s CEO, Chris Cummings, featured in The Economic Voice responding to the Chancellor Exchequer’s Autumn Statement and Spending Review. Commenting on competitiveness, infrastructure, SME exports, the Northern Powerhouse and the FCO budget, Cummings emphasised the importance of a strong financial and related professional services industry for sustainable economic growth.

New research from PROPHET Profiling featured in Executive Grapevine this week. Their study explores the typical characteristics of interim managers compared to full-time executives and finds that interims are more likely to deploy ‘The Nelson Touch’ – inspiring and empowering staff to realise a vision rather than simply dictating a set of orders.

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