Thursday, Sep 02, 2010
The axe is falling!
Guardian: Standard LIfe to Axe 600 Jobs
I fear for the UK economy. It seems very much like the phase two I and many others predicted is begining. The government stimulus, creation of public sector jobs, cheaper money than the original cheaper money and gimmick schemes like car scrappage and reduced VAT have been coupled with renewed Conlib cuts to send the economy right into reverse - where it was going before the stimulus came in.
Posted by brickormortis @ 03:26 PM (564 views) Add Comment
3 Comments
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1. timmy t said...
I share your view brickormortis. The company let's 600 people go after raising its dividend payment because of an increase in profits. Forget the term wealth-creation; there is no such thing. It's just transfer from one person to another and it's a competition to get more than everyone else.
2. brickormortis said...
...and I hate to say it but some regions are gonna get hit for 6 while others prosper or at least stagnate. No prizes for guessing who.
3. builditandtheywillcome said...
Completely in agreement.We were always heading south,merely a matter of time and rate of decline.I fear it could be a rapid descent for many.