Sweeping Unemployment Set To Hit North Of England

[interestrateripoff]

http://www.newsoftheworld.co.uk/news/696768/Sweeping-unemployment-set-to-hit-North-of-England.html

THE North faces an economic disaster as the South surges out of recession, a report warns.

Families in the south of England have suffered the worst of the downturn because the axe has fallen on private sector jobs.

But the tables will turn in 2010, as public sector cuts lead to sweeping unemployment in the North.

House prices, incomes and living standards will also lag far behind the booming South, said think-tank the Centre for Economic and Business Research.

Economist Jorg Radeke said: "The consequence is a two-tier recovery."

Small piece from todays NoTW. Although the unemployment in the North could be minimised if the big salary earners have their wages cut, but far better to get rid of the minions than have their wages cut.

CBRE outlines UK's £280bn 'two-tier' property debt another CBRE report.

[CokeSnortingTory]

Of course, the bit about the "booming South" is ********.

[Georgia O'Keeffe]

Of course, the bit about the "booming South" is ********.

perhaps by the south they mean that bit in E14

[nightsod]

Of course, the bit about the "booming South" is ********.

Yes, I've needed tto lookfor work in my sector recently (exclusively SE) and I'm noticing a very marked reluctance to give me any work. I get the feeling that a lot of people I'm in contact with, especilly those who're freelancing are clinging on by their fingernails.

[CokeSnortingTory]

perhaps by the south they mean that bit in E14

Yes, I suspect so. Spending all your time in Wapping obviously leads one to conclude that there are no public sector workers south of Birmingham.

[MrPin]

Good job it won't come to Scotland?

[Gone baby gone]

In July 2009 a think tank identified certain UK cities (Newcastle, Barnsley, Liverpool and Blackpool included) as being particularly at risk from public sector job cuts:

http://news.bbc.co.uk/1/hi/uk_politics/8152800.stm

This comes as no surprise. Newcastle IIRC passed the 50% public sector jobs mark a while ago, and much of the inward investment in recent years has been funded by government. When the funding runs out - as it will in 2010 - and the jobs are lost, there could be a nasty shock for many recently 'redeveloped' inner cities that seem to be based on little more than a coffee and cake* economy.

[Errol]

I wasn't aware the South was 'surging out of recession'. The South of which country? Or do they mean in 2050?

[stuckmojo]

In July 2009 a think tank identified certain UK cities (Newcastle, Barnsley, Liverpool and Blackpool included) as being particularly at risk from public sector job cuts:

http://news.bbc.co.uk/1/hi/uk_politics/8152800.stm

This comes as no surprise. Newcastle IIRC passed the 50% public sector jobs mark a while ago, and much of the inward investment in recent years has been funded by government. When the funding runs out - as it will in 2010 - and the jobs are lost, there could be a nasty shock for many recently 'redeveloped' inner cities that seem to be based on little more than a coffee and cake* economy.

It's tangible. Add public jobs and unemployment together and you'll probably get to 80% of the potential workforce.

So much for property recovery up here

[interestrateripoff]

Of course, the bit about the "booming South" is ********.

http://www.independent.co.uk/news/business/news/back-from-the-brink-green-shoots-of-recovery-1877273.html

As we go about our weekend rituals few of us will have any idea that it is the anniversary of a moment when all our lives changed. Perhaps that is understandable. The landmark in question – the start of a year of the worst economic downturn since the Depression – is hardly one to celebrate.

Britain went into official recession on 23 January 2009 after the economy shrank at the fastest rate for nearly 30 years. This week, when the latest economic figures are published on Tuesday, it seems almost certain that we will be free of the "R" word.

With car production soaring, shop sales growing at a rate not seen in almost a decade, home buying at a two-year high, unemployment down and fewer people defaulting on credit, there is scope for a little hope.

A buoyant housing market is a good sign. Even though a relatively small number of deals are being done, house buying seems to be on the increase, with completed home sales hitting a two-year high last month. Provisional figures from HM Revenue and Customs show 104,000 deals involving properties priced above £40,000 were completed last month.

The British Chambers of Commerce said there have been improvements in many areas in its economic survey for the fourth quarter of 2009, most strikingly in manufacturing. Car production in the UK had the greatest rise for 34 years in December. According to the Society of Motor Manufacturers and Traders, it rose 58.5 per cent to 85,316 vehicles.

Your just not looking hard enough positive signs are everywhere.

The people need to rejoice and accept the truth our great leader has delivered us from recession.

True at a cost of around £170bn, and the fact that debt servicing is going to at least double with decreasing tax revenues meaning big public sector spending cuts, but the recovery is here.

Edited January 24, 2010 by interestrateripoff

[the_gent03]

Apologies if this has been shown somewhere else, but does someone know what the percentage of employment that comes from the state is. Even better what the trend has been since Labour has been in power. The answer seems obvious but can anyone quantify it?

Edit: below par grammar

Edited January 24, 2010 by the_gent03

[ExecutiveSlaveBox]

http://www.newsoftheworld.co.uk/news/696768/Sweeping-unemployment-set-to-hit-North-of-England.html

Small piece from todays NoTW. Although the unemployment in the North could be minimised if the big salary earners have their wages cut, but far better to get rid of the minions than have their wages cut.

CBRE outlines UK's £280bn 'two-tier' property debt another CBRE report.

Hilarious stuff. Sweeping unemployment hit the north in the 80s, and guess what? it never left. Just millions and millions of folks on permanent incapacity benefit.

Few call centers were built up here under the party rouge in the 90s - 00s and people think it's all cool. Just business as usual I'm afraid and always will be until the deep structural issues of the UK economy are addressed.

Edited January 24, 2010 by ExecutiveSlaveBox

[interestrateripoff]

Apologies if this has been shown somewhere else, but does someone know what the percentage of employment that comes from the state is. Even better what the trend has been since Labour has been in power. The answer seems obvious but can anyone quantify it?

Edit: below par grammar

Tough one to answer. Do you now class RBS and even Lloyd's as state owned entities?

[interestrateripoff]

Up the state workers: public sector spawns ‘Soviet’ towns

November 30, 2008

THE growth of public spending under Labour has created a generation of “Soviet” boroughs where half the population is dependent on the state for work.

An analysis of official figures has shown 10 areas where more than 40% of the workforce is employed in the public sector.

Increased reliance on the state has come with the failure to develop new industries to replace mining and manufacturing.

http://extras.timesonline.co.uk/soviettowns.htm

[interestrateripoff]

http://www.dailymail.co.uk/news/article-1097019/Recession-Not-public-sector-state-workers-unscathed-cuts-ravage-jobs-market.html

18th December 2008

While their friends, families and neighbours are losing their jobs, the State's army of workers continues to increase, up 14,000 in three months to 5.8million. Now one in five people works for the Government, enjoying gold-plated pensions, better pay and better job security than the rest of the country.

Some areas have been dubbed 'Soviet' boroughs, with around half the population employed in the public sector.

According to this article in the Wail it's 1 in 5.

[Si1]

Hilarious stuff. Sweeping unemployment hit the north in the 80s, and guess what? it never left. Just millions and millions of folks on permanent incapacity benefit.

Few call centers were built up here under the party rouge in the 90s - 00s and people think it's all cool. Just business as usual I'm afraid and always will be until the deep structural issues of the UK economy are addressed.

you mean half the population of the north move down south to where the longer term employment prospects are beter?

[aussieboy]

Apologies if this has been shown somewhere else, but does someone know what the percentage of employment that comes from the state is. Even better what the trend has been since Labour has been in power. The answer seems obvious but can anyone quantify it?

Edit: below par grammar

My vote for most polite post and edit of the year.

Salute!

[macfarlan]

Hilarious stuff. Sweeping unemployment hit the north in the 80s, and guess what? it never left. Just millions and millions of folks on permanent incapacity benefit.

Few call centers were built up here under the party rouge in the 90s - 00s and people think it's all cool. Just business as usual I'm afraid and always will be until the deep structural issues of the UK economy are addressed.

Excellent documentary about Liverpool in the 80's - tells how the militant labour party responded to what they saw as Thatcher destroying the working classes.

Here.

[ExecutiveSlaveBox]

you mean half the population of the north move down south to where the longer term employment prospects are beter?

No, rather than that.

Infrastructure would be a good start for improvement, perhaps with the much derided maglev. Rather than everyone crowding into the south east for the few jobs that there are, they could spread out a bit.

Followed by investment in growth area for the next few centuries, such as renewables, nano-tchnology etc... Combined with venture capital from governments with strict covenants about where they can set up and employ.

Long term I'd wean areas off benefits as the brutal reality is we are just paying to breed generations of unemployable people.

[wren]

Sweeping unemployment hit the north in the 80s, and guess what?

If the sweepers are unemployed no wonder the streets are filthy.

[newbonic]

Infrastructure would be a good start for improvement, perhaps with the much derided maglev. Rather than everyone crowding into the south east for the few jobs that there are, they could spread out a bit.

Followed by investment in growth area for the next few centuries, such as renewables, nano-tchnology etc... Combined with venture capital from governments with strict covenants about where they can set up and employ.

Long term I'd wean areas off benefits as the brutal reality is we are just paying to breed generations of unemployable people.

Even conventional manufacturing could take a lot of people off benefits, if given the chance.

A friend of mine (S Yorks) has a small but viable manufacturing business, it's pretty much a one man band at the moment. But he's at the point where he could really do with employing someone to help in the manfacturing side maybe part time, and maybe another part time on the marketing side. But he's really trying to avoid it because of the daunting increase in rules and regs that he'll have to satisfy.

He really, really, wants to avoid getting tangled up with the state apparatus.

And it's similar for any potential employees if they're on benefits already - going part time wouldn't be worth it from a benefits loss point of view, plus if they got laid off if it didn't work out is a pain, in terms of the bureaucracy of signing on again.