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13 November 2014

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You are in: Tyne > Credit Crunch > He broke the story, but did he break the Rock?

Robert Peston

BBC business editor Robert Peston

He broke the story, but did he break the Rock?

Robert Peston, the BBC journalist who first reported the Northern Rock crisis, came to the north-east of England in February 2009 to face his critics, who believe he caused a run on the bank.

In February 2009, five business journalists were questioned by the government's Treasury Select Committee about how far the media affected, as well as reported upon, the ongoing financial crisis.

All five, including the BBC's Robert Peston, defended their reporting and claimed the media acted responsibly.

Northern Rock sign and clock Photo: Getty Images

The familiar pink sign

Robert Peston says he doesn't believe his reports led to the collapse of Northern Rock, specifically by causing a run on the bank.

He also points out that Northern Rock's troubles were already evident and that its collapse was not simply caused by savers taking out their money.

Answering critics

BBC Tyne and BBC Wear users and BBC Newcastle listeners had a chance to question Robert Peston directly when he appeared on the BBC Newcastle breakfast show phone-in on Friday 13 February 2009.

You can listen again to the debate using the link below.

The business editor also gave his view on how the region's economy will fare during the recession and was challenged by the head of the Northern Rock Shareholders' Action Group, Dennis Grainger.

BBC Business Editor, Robert Peston, and Politics Show presenter, Richard Moss, on screen during Politics Show recording at The Sage Gateshead

Recording the show at the Sage Gateshead

BBC Look North also filmed Robert Peston meeting some of his critics face to face. You can watch the report using the link below.

On Sunday 15 February, the Politics Show featured Robert Peston meeting his critics face-to-face in a programme recorded at the Sage Gateshead.

More information and video of the programme is available by clicking on the link below.

Mark Lobel from Newsnight travelled to Newcastle with Robert Peston. Read his account of the visit below, including their taxi ride with a driver with a sad Northern Rock connection.

Watch a behind-the-scenes video of Robert Peston's visit to the North East:

last updated: 18/02/2009 at 09:32
created: 05/02/2009

You are in: Tyne > Credit Crunch > He broke the story, but did he break the Rock?



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