Tag Archives: Robert Peston

SoE08: Robert Peston on the media’s role in the economic crisis

Suggestions that the media caused the current economic crisis are ‘laughable’, BBC Business editor Robert Peston told the Society of Editors (SoE) conference today.

And claims that the BBC or Peston himself broke Northern Rock – meaning the bank itself and not the story – are ‘total baloney’, he added.

“This isn’t a reason for us [the media] to be self-satisfied or complacent. The media in general, in news but also in features, were in a sense complicit in the canard that house prices can only rise,” said Peston.

“For years and years endless property programmes and supplements created the myth that houses were a one-way bet and debts never had to be repaid.”

But, he said, it would have been ‘very hard for journalists’ to stand in the way of huge economic forces and say the world economy was headed for crisis.

Speaking of his own experiences as a business journalist, Peston said he was fortunate to have learnt ‘how debt worked’ during time spent at Investors Chronicle.

“Most business journalists don’t have that, they’re obsessed with stock markets. I think all of us have to think about the knowledge that resides in our organisations,” he added.

BBC Radio 4 Feedback looks at the BBC News blogs (audio)

When they started, the BBC didn’t know why or what it was for: Nick Robinson tried out one for the General Election in 2001.

Now Robert Peston is getting a half million hits per day.

Here Louise Adamson from Radio 4’s Feedback programme looks at the role of the BBC’s News blogs.

The BBC journalists interviewed stress that the BBC voice has to be considered, and that blogs still go through careful checks.

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FT.com on Robert Peston: the characters shouldn’t get bigger than the brand

Well, although we’re not having a drink in the Long Room we did get to ask FT.com’s Rob Grimshaw about his views on the BBC’s Robert Peston (formerly of the FT). After all, the FT lept to the BBC’s economic editor’s defence last week.

What does Grimshaw, FT.com’s managing director, think of Peston-mania? Journalism.co.uk asked.

“Ah, the all powerful Robert Peston,” Grimshaw laughed.  Individual and ‘big’ personalities are important, he said. “The characters matter. It’s not just about the FT brand – it’s about what these individuals think.

“But I don’t think they can ever be bigger than the brand,” he said. Although, ‘ultimately they are part of core FT message,’ he said.

You can listen to his comments here:

[audio:http://www.journalism.co.uk/sounds/FT4.mp3]

thisismoney.co.uk: Michael Howard demands FSA investigation of Peston reports

Michael Howard has written to the Financial Services Authority (FSA) asking for an investigation into reports by BBC business editor Robert Peston that included details of confidential talks between Alistair Darling and Bank of England governor Mervyn King.

BBC’s Nick Robinson admits he toed government line on Iraq too strongly

Yesterday saw the BBC’s economic editor Robert Peston taken to task for his influence on the UK’s economy and his cosy relationship with the government:

The Guardian’s Matthew Weaver is worried that his blog might have too much influence, and the Daily Mash joked that Peston had reached a state of transcendence.

Meanwhile the House of Lords Communications Committee asked a panel of leading political journalists if they thought Peston was setting the reporting agenda.

Another BBC editor whose influence has been much discussed is the corporation’s political editor, Nick Robinson, who last night admitted he had toed the government line too strongly during his reportage of the Iraq War, and admitted that he didn’t ‘do enough’ to seek out dissenting views.

Participating in a debate entitled ‘Political campaigners and reporters: partners in democracy or rats in a sack?’ at City University, Robinson said: “The biggest self criticism I have was I got too close to government in the reporting of the Iraq war.

“I didn’t do enough to go away and say ‘well hold on, what about the other side?’

“It is the one moment in my recent career where I have thought I didn’t push hard enough, I didn’t question enough and I should have been more careful,” he said.

“I don’t think the government did set out to lie about weapons of mass destruction. I do think they systematically and cumulatively misled people. What’s the distinction?

“It was clear to me that Alastair Campbell knew how what he was saying was being reported, knew that that was a long way from the truth and was content for it so to be,” Robinson said.

“They knew it was wrong, they wanted it to be wrong – they haven’t actually lied.”

Politicians ‘actively want to avoid a debate the public wants to have’, he said.

For example, he said, Labour was reluctant to debate the implications of a single European currency.

“[The government] wanted to limit the debate to being the five tests. It wanted to avoid divisions, it simply did not want to enter a political debate,” he said.

The Conservative Party are now doing the ‘exact same thing’, Robinson said.

“They don’t want a debate on whether they will tear up the Lisbon EU treaty, they don’t really want a debate about if they will put taxes up or down, or in what way.

“These are active decisions by politicians to keep you ill-informed, and it is our job as journalists to try to fight against that.”

It isn’t the job of a journalist to ‘pick a constant fight with people in power’, he said.

“I don’t see it as a badge of pride to have endless arguments with politicians, although with Peter Mandelson they usually are.”