News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

My Biz

Submit content

My Account

Advertise with us

Subscribe & Follow

Advertise your job vacancies
    Search jobs

    UK's largest advertiser to cut adspend 50%

    London, UK: The Central Office of Information (COI) has announced formally to its marketing agencies that Government advertising spend is like to fall by 50% in the coming financial year.

    The cuts form part of the massive cost-saving package announced by the recently formed coalition government. According to the COI's recent annual report, the department's advertising spend last year totalled £540 million (about R6.07 billion).

    Marketing campaigns regarded as "essential" will continue. In his letter to suppliers earlier this week, COI deputy chief executive Peter Buchanan outlined essential campaigns as:

    1. When government has a duty to provide the public with information, such as changes to public services or legislation.
    2. When there is clear evidence that a campaign delivers measurable benefit relating to public health and safety.
    3. When a campaign presents information critical to the running of the country, such as recruitment and taxation.

    The COI has historically been the largest buyer of advertising in the UK. No comment has yet been made on the fate of specific campaigns.

    Source: Cream: Inspiring Innovation

    Cream is a curated, global case study gallery of excellence, providing the marketing community with the latest trends and inspiration to help grow their business.

    Go to: http://www.creamglobal.com
    Let's do Biz