Wasn't the band Bad Taste?
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It predated Spinal Tap and was an 80's BBC TV Show called The Comic Strip Presents The Bad News Tour.
The Comic Strip Presents was an alternative comedy outfit who did one off parodys of several British institutions or topical subjects.
As I remember they were hit or miss with this one not being particularly great.
A web search should show if it's available.
I doubt you are right about the tour Sean but I'm not certain.
Thanks guys. It obviously was "Bad News". As to Ben's comments, i specifically remember seeing "Bad News" as being advertised at playing at The Cabaret Metro here in Chicago just after that show aired. I'm going to have to do some digging and see if it was the same band and if they actually did "play" or at least appear there. Sean