Britain faces worst recession in history, Cabinet minister Tessa Jowell admits

Skyfall said:
Two words; Hidden agenda.
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its_a_conspiracy.jpg
 
NathanE said:
It was being hyped up a few months ago. Now it isn't. The situation is very real. There is no benefit to anyone anymore to hype it up - not even the media. It's a vicious circle. TV networks get less advertising revenue if companies aren't willing to fork out so much on their advertising budgets.
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News papers don't have to worry about that so much, nithr do subscription based media.
 
Mulder said:
Did you see Andrew Marr's interview with John Major recently? it's being made out to be the worst financial crises this country has ever seen and thats simply rubbish, at the moment anyway. Interest rates were 15% in the early nineties, unemployment was nearly 3m whereas now anylysts are "predicting" the claiment count could reach 2.5m sometime next year. Bad times for the economy, yes, the worst financial crises ever and the end of the world, no.
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unemployment is far higher than 3 million now, but for Labours screwing with the stats.

Every NHS department employs far more than it used to, its by FAR the biggest employer in the country, they are tax paid jobs that generate zero revenue, they are not needed jobs. Instead of having all the missing industry jobs turn into literally millions of unemployed Labour has simply given them completely unnecessary jobs in the public sector being paid more for jobs we don't need them to do than they would get in benefits being unemployed. By "hiding" the unemployed we've significantly increased their burden. a huge number of unemployed people are constantly being shifted between jobseekers allowance and doing stupid learning programs that help no one but they can classify them as anything but unemployed and thats all they care about.

We haven't had an economy for years, an economy should be based on exporting goods for profit, not spending on goods made by foreign companys where they get all the profit. We spend so theres enough tax to cover the unemployed, thats it, thats our entire economy, it was always a shame, a house of cards and it was always going to blow over. You can't recover because at the end of the day we have ever increasing unemployment, ever increasing public sector jobs and NO increase in exporting profits, we've had this for years, decades even. We've been getting in ridiculous debt to cover all this excess spending.

At some point the only way is to increase taxation on the working to cover those not working, but at some point we'll hit a point where the people bringing in money to the country will be taxed so highly they'll leave or need such wage rises all the business's fall at that point we're utterly done.

Labour, pretending nothing is wrong, what a freaking fantastic ploy.
 
divosuk said:
Sorry,
But you're obviously not living in the same part of the country as me.

Even if it is hyped up - there are still too many people I know either out of work now (as in made redundant in the last 6 months) or going to be out of work in a few months time.

And that's just the start of it - and it has virtually nothing to do with the media or the hype - it's just a part of a cycle/correction that was long overdue. And it's time to sort the men from the boys - so too speak.
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This man speaks the truth, we are in this mess because of boom, good times were people had mega wages and wasted it, the house price boom just shows how far fecthed it had become, 100% mortgages, banks have a lot to answer for and I hope we can go back to a stable banking system, well forget hope we have to and considering the tax payer owns nearly every uk bank we need to start working more saving up and not living off stupid credit. The buy now pay later motto is hitting home now, we are paying now.

JJB employs about a lot people in Wigan its based here and they are in trouble of folding, Asda shut a warehouse with the loss of 400 jobs, unskilled manual work is even hard to come by around here.
 
I banged on about this for 2 years are so and said it would happen around this time.

Dont kid your self into thinking the media is causing some of the problems, times are bad for every company out there. To be honest, i think this country is in for some really bad times, i can see close to 3 million out of work never mind 2 million.

The young of today dont have any idea to live within their means and it came back to bite them in the ass.


I would ready your self for some very very tough times, and it will last longer than 2 years.

Soup kitchens popping up in places you would never think of could also start to happen. And it wont be homeless people using them either.
 
teaboy5 said:
Soup kitchens popping up in places you would never think of could also start to happen. And it wont be homeless people using them either.
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Why not sell your house buy a seriusly amazing tent +camping gear (say £1000 on that stuff) then use the rest for food etc?
 
[tinfoil hat]

This recession was created by our own government (or those 'behind' them) to force the British people into finally scrapping the Pound for the Euro, referendum or not.

This will bring the plans for a one-world government even closer to reality. Next step: one currency for the US, Canada, and Mexico (which already exists under the name of "Amero" - look it up).

[/tinfoil hat]

:cool:
 
Tefal said:
Why not sell your house buy a seriusly amazing tent +camping gear (say £1000 on that stuff) then use the rest for food etc?
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Why would i? I have no worries. Myself or my family dont owe a single penny to anyone.

We live around fields of land which the family own, so its all good if we have to grow some food!
 
Pixel said:
[tinfoil hat]

This recession was created by our own government (or those 'behind' them) to force the British people into finally scrapping the Pound for the Euro, referendum or not.

This will bring the plans for a one-world government even closer to reality. Next step: one currency for the US, Canada, and Mexico (which already exists under the name of "Amero" - look it up).

[/tinfoil hat]

:cool:
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Don't know about the Euro argument, but def. the a world government on its way. One currency, (going to try) one religion (...good luck), and a chip in people's right hand or forehead without which no-one will be able to buy or sell...all in the Bible basically.
 
I'm in the automotive industry, and it's getting pretty scary now. Job losses all over the shop, all of the big OEMs have stopped development work (so software consultancies and outsourcing companies are stuffed) and it's only going to get worse when one or two of the big three in the US go under. It's going to be a completely different world when we finally come out the other side.

Luckily the only debt I'm left with is my student loan, and I'm in a reasonable position that I'm a software guy rather than an automotive guy, so I should be able to find work should redundancy come calling as there's still some demand around here for softies. There are a load of people who won't be so lucky: those with families and mortgages, no savings, etc., or those whose domain knowledge is automotive rather than anything else -- they'll have to learn a completely new domain.

Hard times ahead for some, unfortunately. :(
 
It's a recession, it's part of the natural economic cycle.

It is not the end of the world.
 
teaboy5 said:
Why would i? I have no worries. Myself or my family dont owe a single penny to anyone.

We live around fields of land which the family own, so its all good if we have to grow some food!
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The "you're" was in reference to the people with homes so screwed they are having to go to soup kitchens.

I figured anyone would have understood that :/
 
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