Half Of Welsh Firms Fear They Won’T Survive The Next Year

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Half Of Welsh Firms Fear They Won’T Survive The Next Year

#1 The Masked Tulip

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Posted 29 July 2011 - 12:09 PM

Quote

HALF of Welsh businesses fear they will not survive the next year if the economy does not pick up dramatically.

Worrying research suggests that nearly two thirds of firms are not expecting a full economic recovery for two years or more.

And a leading Welsh economist last night warned of more uncertainty if unemployment levels follow growth trends that have seen a near stagnation in the UK economy this year.

The study, by business insurance firm QBE, also found that 65% of businesses in Wales expect it to be two years or more before a full economic recovery, with 36% not expecting a turnaround for three years or more.

Respected Aberdare-born financier and economist Gerry Holtham, said he was concerned that unemployment data – which has shown growth in employment – might start to reflect sluggish output statistics which are showing snail-paced growth in GDP.

Read More http://www.walesonli.../#ixzz1TUmVuq00

Thank goodness Wales has such a huge public sector! :rolleyes:

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#2 OnlyMe

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Posted 29 July 2011 - 12:12 PM

The Masked Tulip, on 29 July 2011 - 12:09 PM, said:

Read More http://www.walesonli.../#ixzz1TUmVuq00

Thank goodness Wales has such a huge public sector! :rolleyes:

And such high costs, disproportionate with what they should be.

Still all those extra costs count as increased GDP don't they - only if you suffer from total myopia.

Maybe the public sector can keep on paying 10x the real amount for contracts, that will do wonders.

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#3 SarahBell

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Posted 29 July 2011 - 12:13 PM

They need to start a football team and then ask the council for some money

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#4 TheCountOfNowhere

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Posted 29 July 2011 - 12:13 PM

The Masked Tulip, on 29 July 2011 - 12:09 PM, said:

Read More http://www.walesonli.../#ixzz1TUmVuq00

Thank goodness Wales has such a huge public sector! :rolleyes:

I can't believe they survived the last 2 years !!!

#5 Ruffneck

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Posted 29 July 2011 - 12:41 PM

Grant them independance , see how they get on....

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#6 The Masked Tulip

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Posted 29 July 2011 - 01:00 PM

Ruffneck, on 29 July 2011 - 12:41 PM, said:

Grant them independance , see how they get on....

That's very kind of you m'lud! :rolleyes:

#7 rantnrave

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Posted 29 July 2011 - 01:52 PM

If they can just wait a few more weeks, Swansea will start playing Premiership teams and everything will be OK.

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#8 Mr. Miyagi

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Posted 29 July 2011 - 02:33 PM

The Assembly would be better switching policy and money from the Nazi implementation of Welsh language policy and subsidising the toil on both Severn crossings. They also need to build the M4 relief motorway and get rid of the chaos that is the M4 through Newport. Then perhaps we can compete with England on a level playing field.

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#9 georgia o'keeffe

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Posted 29 July 2011 - 03:21 PM

does this mean the other 3 have a full order book?

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#10 athom

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Posted 29 July 2011 - 04:20 PM

I reckon about 90% of towed things i see has one of these stickers on the back so at least one company seems to be doing well still

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#11 A.steve

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Posted 29 July 2011 - 04:38 PM

Mr. Miyagi, on 29 July 2011 - 02:33 PM, said:

They also need to build the M4 relief motorway and get rid of the chaos that is the M4 through Newport.

Actually, the problem is obvious - the M4 toll bridge charges people to go into Wales, but lets them leave for free... which is bass-ackwards.

I was going to post "I wonder what makes Welsh firms that optimistic?"

#12 Soon Not a Chain Retailer

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Posted 29 July 2011 - 06:18 PM

athom, on 29 July 2011 - 04:20 PM, said:

I reckon about 90% of towed things i see has one of these stickers on the back so at least one company seems to be doing well still

Posted Image

If it's still family owned they should have sold out to the private equity spivs for top dollar before the bubble burst.

Despite their ubiquity, my guess would be, they don't employ enormous numbers.

If they're anything like the UK lorry trailer 'manufacturers' left they won't do much beyond bolting together a load of parts made by someone else.

Incidentally a big Ifor Williams dealer near me - been there decades - went bust not long ago so. I guess no new Range Rover Sport = no buying of new horsebox.

#13 Number79

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Posted 29 July 2011 - 06:24 PM

Ruffneck, on 29 July 2011 - 12:41 PM, said:

Grant them independance , see how they get on....

tbf they know which side their bread is buttered on and dont make any noise like those that drink too much north of the wall.

I think that the welsh may do a lot better, though, if they stopped wasting millions producing and writing everything in a language that only two old ladies and an odd man with thick nhs specs can speak.

This post has been edited by Number79: 29 July 2011 - 06:25 PM

#14 Secure Tenant

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Posted 29 July 2011 - 06:27 PM

Only six Doctor Who "specials" to be made in Cardiff next year too.

Now where is that Not The Nine O Clock News skit "Failed in Wales?"

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#15 Caius

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Posted 29 July 2011 - 06:35 PM

Mr. Miyagi, on 29 July 2011 - 02:33 PM, said:

The Assembly would be better switching policy and money from the Nazi implementation of Welsh language policy .........

Is this based on fact? No, I suppose it's more a matter of your prejudices than anything else.

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House Price Crash forum: Half Of Welsh Firms Fear They Won’T Survive The Next Year - House Price Crash forum

Half Of Welsh Firms Fear They Won’T Survive The Next Year

#1 The Masked Tulip

#2 OnlyMe

#3 SarahBell

#4 TheCountOfNowhere

#5 Ruffneck

#6 The Masked Tulip

#7 rantnrave

#8 Mr. Miyagi

#9 georgia o'keeffe

#10 athom

#11 A.steve

#12 Soon Not a Chain Retailer

#13 Number79

#14 Secure Tenant

#15 Caius

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Half Of Welsh Firms Fear They Won’T Survive The Next Year

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