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

#1 User is online   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:
The success or failure of your deeds does not add up to the sum of your life. Your spirit cannot be weighed. Judge yourself by the intention of your actions and by the strength you faced the challenges that have stood in your way.

The people closest to you have been trying to tell you that you have made a difference. That you did change things for the better. The Universe is vast and we are so small. There is really only one thing that we can ever truly control - whether we are good or evil.


The political triumph of the American Right has been to advance relentlessly the economic interests of the country's richest people, while emphasising a swath of moral, social and foreign policy issues that motivate and certainly distract middle-class and poor voters.

#2 User is offline   OnlyMe 

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Posted 29 July 2011 - 12:12 PM

View PostThe 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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For those who wonder where this trend will lead, we offer a guess: The average American will be left with a shoeshine kit and instructions on how to say 'please' and 'thank you' in Chinese...."

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#3 User is offline   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 User is offline   TheCountOfNowhere 

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Posted 29 July 2011 - 12:13 PM

View PostThe 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 User is offline   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 User is online   The Masked Tulip 

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Posted 29 July 2011 - 01:00 PM

View PostRuffneck, 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:
The success or failure of your deeds does not add up to the sum of your life. Your spirit cannot be weighed. Judge yourself by the intention of your actions and by the strength you faced the challenges that have stood in your way.

The people closest to you have been trying to tell you that you have made a difference. That you did change things for the better. The Universe is vast and we are so small. There is really only one thing that we can ever truly control - whether we are good or evil.


The political triumph of the American Right has been to advance relentlessly the economic interests of the country's richest people, while emphasising a swath of moral, social and foreign policy issues that motivate and certainly distract middle-class and poor voters.

#7 User is offline   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.

#8 User is offline   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.

#9 User is offline   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?

#10 User is offline   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

Posted Image

#11 User is offline   A.steve 

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Posted 29 July 2011 - 04:38 PM

View PostMr. 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 User is offline   SNACR 

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Posted 29 July 2011 - 06:18 PM

View Postathom, 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 User is offline   Number79 

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Posted 29 July 2011 - 06:24 PM

View PostRuffneck, 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. :D

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


#14 User is online   aSecureTenant 

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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 User is offline   Caius 

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Posted 29 July 2011 - 06:35 PM

View PostMr. 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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