Nothing like holding London to Ransom - Again...

[imi]

http://www.bbc.co.uk/news/uk-england-london-12079806

 

Wonder how much this will cost the economy not to mention ruining peoples Christmas break....

[RedM]

As long as you're alright though, Imi. F**k the little people eh?

[jagman]

"Wonder how much this will cost the economy"

Its the other way round , the economy will cost people , I expect the coming year to be filled with strike action , around 4 million people are struggling to pay mortgages and looking like the BOE will raise interest rates -to circa 5% , this will drive many more millions into the red each month.

The UK personal debt at around 1,500 billion pounds wont help ,and inflation in many areas such as energy, food and clothes will create a bigger shortfall,,

Most strikes seem to be deemed illegal recently so how will this redress the shortfall who knows ,probably not

Apparently women spend 450 pounds a month more than they earn and men 150 pounds more than they earn ,go figure !!

[supra_aero]

"Wonder how much this will cost the economy"

Its the other way round , the economy will cost people , I expect the coming year to be filled with strike action , around 4 million people are struggling to pay mortgages and looking like the BOE will raise interest rates -to circa 5% , this will drive many more millions into the red each month.

The UK personal debt at around 1,500 billion pounds wont help ,and inflation in many areas such as energy, food and clothes will create a bigger shortfall,,

Most strikes seem to be deemed illegal recently so how will this redress the shortfall who knows ,probably not

Apparently women spend 450 pounds a month more than they earn and men 150 pounds more than they earn ,go figure !!

 

Is that true ? Spending figures?

 

Also why do you think interest rates will hit 5%? If they do, that will be very very interesting. I was planning to buy a flat next year but really in 2 minds. Not sure if things are getting better or worse still.

[jagman]

Yes we have a negative savings total per year , its nuts eh ! - Cos the BOE recently hinted as such , and they will come under pressure to increase rates so the UK can keep borrowing , from the bond markets , as other countries also push up their rates to attract the same money .

The full on effect of the economic meltdown has yet to filter through , still early days and much plate spinning going on ,but some plates will fall soon ,,

The press tells you that things are getting better but talking with people seems not , recent mortgages approved totalled 6 billion down from 135 billion ,would suggest that its no time to buy !!

[jagman]

http://www.moneyweek.com/news-and-charts/economics/the-uk-will-be-in-recession-by-next-year.aspx

re savings ;

There is a chart on the link ,still positive ,but I m sure it actually went negative at one point until recently when people started tucking away a few quid just in case things got worse

odd that women spend more than blokes ,must be cosmetics ,hair,handbags and shoes ..

[imi]

As long as you're alright though, Imi. F**k the little people eh?

 

little people -lol, more like greedy selfish self centered people

 

http://www.bbc.co.uk/news/uk-england-london-12039120

[Abz]

Jagman, worryingly you are quite right, we are still a way from being out of it!

 

We are in a lot more debt than we realise, how about we sack them all and give the jobs to ones who really have been looking for a job for ages! I know of friends who are very hard working and would love to take on a 35k a year job driving a train with loads of benefits.

[jagman]

Jagman, worryingly you are quite right, we are still a way from being out of it!

 

We are in a lot more debt than we realise, how about we sack them all and give the jobs to ones who really have been looking for a job for ages! I know of friends who are very hard working and would love to take on a 35k a year job driving a train with loads of benefits.

 

Its a case of scale , A place I worked at hired a consultant for IT , he got 500k ,and the new system cost 12.5 million pounds ,a whole 18 months later it was scrapped and a new ,new system installed. For 500k I would have said "great system on you go" kerching....That was the 90s in summary -lol

[supra_aero]

The sad truth jagman is even without analysis I can believe what you are saying could be true. Many people will be made either very rich or very poor as a result of this recession.

[imi]

http://www.bbc.co.uk/news/uk-england-london-12096289

 

http://www.bbc.co.uk/news/uk-12093638

 

http://www.bbc.co.uk/news/uk-england-london-11598617

[Abz]

http://www.bbc.co.uk/news/uk-england-london-12096289

 

http://www.bbc.co.uk/news/uk-12093638

 

http://www.bbc.co.uk/news/uk-england-london-11598617

I am going to service my bike next week and start cycling back into the office!

[jagman]

http://www.thetransportpolitic.com/2010/05/11/london-undergrounds-privatization-experiment-dead-as-remaining-ppp-is-bought-out/

 

So who exactly are the "Greedy Buggers"? who has paid and who simply filled their boots !!!

[jagman]

The new “employers’ charter” will allow companies to sack workers during the first two years of their employment without the threat of being taken to a tribunal for unfair dismissal.

 

Currently an employee can bring an unfair dismissal claim after only a year.

 

To reduce the number of vexatious allegations, workers will face a fee when lodging an employment tribunal claim.

 

The Daily Telegraph can disclose that the Government is also launching a review that is likely to see small companies excluded from some stringent employment laws. The length of time that firms have to pay workers statutory sick pay is set to be reduced as part of the shake-up.

 

David Cameron hopes that relaxed employment laws will help to boost the private sector and encourage firms to take on thousands of new workers.

 

Downing Street will host a jobs summit on Monday at which some of the biggest employers – including Tesco, McDonalds, Microsoft and Shell — will promise to take on thousands of recruits and create apprenticeships for school leavers.

 

The issue of jobs is likely to dominate the first day of the new parliamentary session as MPs return after the holiday recess.

 

The Coalition will try to focus on its plans for economic growth, rather than public spending cuts.

 

Mr Cameron said: “We can only get our economy back on track by creating a climate in which the private sector can grow and develop, creating jobs and opportunities for people across the country. This year the Government is determined to help deliver many thousands of new jobs and I’m delighted that the companies joining me today are part of that.

 

“Across a whole range of areas you’re going to see the most pro-business, pro-growth, pro-jobs agenda ever unleashed by a government.

 

“It’s time we looked forward to a positive, strong, confident Britain. By developing the right skills and jobs I am determined that the many, not the few will share in the country’s prosperity.”

 

In total 19 major employers will attend today’s summit with other firms including Balfour Beatty, Centrica, Jaguar, Land Rover and Marks and Spencer.

 

Downing Street said the Prime Minister would talk to employers about “what more the Government can do to enable employers to get Britain working again”.

 

Currently workers can pursue a claim for unfair dismissal after a year of full-time employment.

 

This is expected to be increased to two years, a move that does not require new legislation.

 

A similar rise was introduced in the 1980s, leading to an increase in employment. The one-year limit was proposed in 1996 and enacted by the Labour government.

 

Claims for discrimination can be lodged after any term of employment.

 

Companies also have to pay statutory sick pay of at least £79.15 for up to 28 weeks to those unable to work. The period of payment by employers may be reduced in future.

 

Mr Cameron is expected to order a wider review of employment laws to slash the red tape for smaller companies.

 

These firms are seen as the key to securing the economic recovery and encouraging the next generation of entrepreneurs.

 

Many small and medium-sized firms complain that they are being hindered by employment rules introduced over the past decade.

 

Ministers are expected to contrast the “employers’ charter” with the European-led social charter introduced by Labour which boosted workers’ rights.

 

A Whitehall source said: “The thrust of the initiative is that to persuade companies to hire people we need to make it easier to fire those workers who aren’t up to the job, so there is less risk in taking on new people

 

 

 

 

That should sort any strikes , you will only have a job for 2 years anyway ,,,,,,,,

 

"I am determined that the many, not the few will share in the country’s prosperity.”

Remember this quote in years to come ......

[The Raven]

Jagman with the doom and gloom again.

 

I still remember the other thread where you told us all house prices where set to fall another 50%. The interest rates wont raise to 5% anytime soon. It would be the end of country. from 0.5% to 5? People would be asked to pay a 100% rise in payments?

 

Im still bumping your house thread this year.

 

 

As for strikes, tough shit get on a do the job everyone is having it hard, deal with it, or find another job.