I almost lost my job at the beginning of 2009 when the economy was going to shit. At the time I had a bit of debt and a baby on the way. It was a very stressful time. Since then I have cleared all my debt and have a few grand stashed away and a beautiful little baby boy. My job is still very precarious as the company is hugely in the shit and its only a matter of time till it goes belly up.
However, I am really not bothered any more. I am kind of hoping the company goes down in the spring so I can go on the dole for the summer. I have looked into how much I would get and I wouldn't be that worse off. Also, after paying so much into the system for the last 10 years of full time work I want a little bit back.
It said on Sky News that the reason he had to spend so much was that his kids will be moving into the house. I wouldn't spend £7.5k on a sofa if I had kids.
From the Guardian:
The government wants to split Northern Rock into two separate entities: BankCo, which will do new lending, and AssetCo, which will hold the troubled loan book. The plan requires EU approval.
*The Treasury accounts revealed that it had spent £24 billion bailing out the banks last autumn without getting parliamentary approval first. Lloyds Bank and the Royal Bank of Scotland had bad loans guaranteed under the Asset Protection Scheme to stave off a banking meltdown. A Treasury spokesman claimed there was no time to seek MPs' backing.
Didn't even ask Parliament. I suppose I should be surprised.
When ever I hear a Labour minister being interviewed they are always banging on about how much they are spending on such and such a thing. They don't understand that it is now time to be talking about how they will save money.