Â鶹Éç

Â鶹Éç BLOGS - Magazine Monitor
« Previous | Main | Next »

Crunch Creep

12:47 UK time, Friday, 1 August 2008

Strange, tangential and sometimes frankly spurious events laid at the door of the credit crunch.

  • Truro Cathedral cannot get new bells. A £103,000 bequest - in the form of shares in a bank - to pay for the new bits of metal has lost two-thirds of its value in the 18 months since it was made.
  • Greggs are selling more pasties and sausage rolls. The chief executive thinks the firm might be benefiting from shoppers looking for a cheaper lunch.

  • There's been a 100% rise in yacht theft insurance claims since last year. One company - Charles Taylor Adjusting - wonders whether credit crunch-inspired fraud could be to blame for some of it.

  • While musicals are doing brilliantly in London's West End, straight plays are not, and it could all be a question of credit crunch gloom avoidance. Nica Burns, chief executive of Nimax Theatres, which owns the Apollo and Lyric, said: "When times are hard, people are more likely to spend what little money they have on being cheered up by a musical."

  • Starbucks is giving away a free cup of coffee to customers buying a hot drink as part of a plan to "engage the customer with the coffee experience".


More unlikely byproducts of credit crunch.

Â鶹Éç iD

Â鶹Éç navigation

Â鶹Éç © 2014 The Â鶹Éç is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.