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Towns To Be Hit Hardest By H P C Now Named

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http://uk.biz.yahoo.com/27102010/389/spending-cuts-slash-house-prices-towns.html

Spending cuts will slash house prices in these towns

By John Fitzsimons

The Government cuts will hit house prices hard in the towns that rely on the state.

Now that the Government has published its spending review, we have a better idea of just how harsh some of the cuts will be, particularly to employees of the public sector. An estimated 490,000 jobs will go over the next four years, equivalent to around one in ten jobs disappearing.

The Chancellor reckons that the bulk of these will come from employees moving to alternate employment and simply not being replaced, rather than through redundancies, which seems a tad ambitious. :o

Not good news for Oxford

Property information site Zoopla.co.uk has put together some research on which towns in England and Wales are most reliant on public sector jobs.

And Oxford is the town most likely to be hit hard by changes to the way the State operates, with almost half (46%) of its workers currently employed by the public sector.

Let’s take a look at the top 20 towns boasting the highest level of public sector employment:

Local authority area Percentage of workforce employed in the public sector

Oxford

46%

Denbighshire

45%

Cambridge

43%

Middlesbrough

43%

Hastings

43%

Ceredigion

42%

Canterbury

40%

Stafford

40%

West Dorset

40%

Merthyr Tydfill

39%

Sefton

39%

Liverpool

39%

Greenwich

39%

Taunton Deane

39%

Lewisham

39%

Swansea

38%

Eastbourne

38%

Newcastle Upon Tyne

38%

Blackpool

37%

Gwynedd

37%

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Didn't you post this same article (or one that used the same stats) about a week ago?

I remember demolishing the arguement that Cambridge was over reliant on the public sector back then and I don't want to have to do it again :)

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I am disappointed that Swansea does not make the top 10 - we would be, in our perverse way, proud of being in the top 10.

Between the various 'towns' they appear to have included most of Wales. Wouldn't it have been easier for the report to name the English towns and then simply have put 'Wales' down at the top?

:unsure::blink::(

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Sorry, but you can't demolish an argument on HPC, as everyone is always right. That's a fact.

Don't you mean that I am always right?

The rest of you are merely fools wallowing in the delusions that others have tricked you into believing.

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No. I'm the superior one. I have charts and stuff to prove it. Name your town. I'll have a non-verifiable stat or made-up chart to piss on your chips.

Now, I'm going to spend a couple of hours studying your post to try and find a grammatical error in your text. Which I shall then use to highlight your sheer stupidity and in doing so, cement the fact that I am always right.

But I will counter by being enigmatic and smug and telling you you simply don't understand.

Piss on chips? Never tried that. Must be a Northern thing. Like chips and gravy. I'll have to ask for it next time I'm in the chippy.

Charts?

Hmmmm. dry.gif

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No. I'm the superior one. I have charts and stuff to prove it. Name your town. I'll have a non-verifiable stat or made-up chart to piss on your chips.

Now, I'm going to spend a couple of hours studying your post to try and find a grammatical error in your text. Which I shall then use to highlight your sheer stupidity and in doing so, cement the fact that I am always right.

Well I'm going to tell your mum and she'll take your football and that will be the end of you playing out!

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Local authority area Percentage of workforce employed in the public sector - Oxford 46%

What proportion of that percentage / number work for Oxford University in one of the following areas (from the university website)?

Academic - professorships and lecturerships; Academic-related - professional administration and general management, including specialisms such as finance and personnel, press and PR and qualified librarians; Research - research fellows and assistants, scientists, programmers, engineers; Technicians - scientific and maintenance technicians, IT support, conservators, scientific officers, technical posts within clinical departments; Nurses - all nursing posts within clinical departments; Clerical and Library - library assistants, secretaries, receptionists, finance assistants, general clerical and admin staff, administrative support posts within clinical departments; Parks, Gardens and Ancillary - gardeners, sports grounds staff, museum attendants, skilled and unskilled maintenance staff, security staff, caretakers, porters, cleaners and catering assistants; College Vacancies - the colleges at Oxford University advertise their jobs separately.

And how many jobs is the university going to axe, I wonder?

I really don't think Oxford is going to suffer all that much.

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IMO the idea that a half million civil servants are going to find work in the private sector is nonsense. We are still exporting most of the decent jobs and the migrants are doing to work most Brits would not be willing to do.

The euphoria over a mere 33% slump in growth 2nd Q to 3rd Q is misplaced. The knock on effect of 500,000 pay packets being removed from the economy is going tio impact the economy and those towns with the biggest job losses will suffer most.

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http://uk.biz.yahoo.com/27102010/389/spending-cuts-slash-house-prices-towns.html

Spending cuts will slash house prices in these towns

By John Fitzsimons

The Government cuts will hit house prices hard in the towns that rely on the state.

I don't think that it's quite as clear cut as this.

I doubt very much that they have taken a survey of everybody who lives in the town and asked "do you work in the (local) public sector". What they will have done is taken the number of public sector jobs in the town and divided by the working population.

But about half of the towns listed are "nice" places that people from the surrounding area aspire to live in. Many of these people will be working outside of the town somwhere else, whilst the "city council" jobs are filled by people who live in the surrounding, cheaper to live in, places.

In these cases, if the number of public sector jobs in the main town is reduced, it will be the outlying areas that suffer, not the main town.

tim.

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We have to remember that Brown's "miracle economy" was based on 2 things: HPI and jobs to boost it and these had to be government jobs as there was no plan to expand manufacturing.

Civil Service jobs were the foundation of the HPI castle. Attack the foundation and the castle crumbles.

The Koalishon are doing a brilliant job with plate spinning but the 5TR debt is still there and there is no plan for growth based on output---just more bankster smoke and mirrors and "services" to that industry.

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I can't help but think that if Brown had spent the money on infrastructure - road, rail, mag leve, airports, telecoms, etc, that, whilst we still would be broke, at least we would have something to show for it.

But there were no votes in creating jobs working in construction - people wanted nice, clean 8.30 till 4PM Mon to Fri office jobs.

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I can't help but think that if Brown had spent the money on infrastructure - road, rail, mag leve, airports, telecoms, etc, that, whilst we still would be broke, at least we would have something to show for it.

But there were no votes in creating jobs working in construction - people wanted nice, clean 8.30 till 4PM Mon to Fri office jobs.

Even if jobs had been created in construction, would they have gone to UK workers anyway? See Pembroke Power Station.

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Even if jobs had been created in construction, would they have gone to UK workers anyway? See Pembroke Power Station.

I know, I know... but I like to think that somewhere, somehow, some time Harry Kim came in for us... Sorry, that's a Trek quote.

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http://uk.biz.yahoo....ices-towns.html

Spending cuts will slash house prices in these towns

By John Fitzsimons

The Government cuts will hit house prices hard in the towns that rely on the state.

Now that the Government has published its spending review, we have a better idea of just how harsh some of the cuts will be, particularly to employees of the public sector. An estimated 490,000 jobs will go over the next four years, equivalent to around one in ten jobs disappearing.

It's an interesting idea but is it true?

Town A has 30% public sector

Town B has 45% public sector

Apply a 10% cut

Town A has a 27% public sector

Town B has a 40.5% public sector

Isn't town B still better off? Over 40% of the people have better job security? Some on gravy train salaries? Some massive pensions to look forward t?

Don't forget of the 10% losing their jobs some will be going with a golden handshake and "enhanced" pension.

Unlike Ireland we have not had any public sector wage cuts which I think are neccesary to make these places suffer by making them hand back some of their looting.

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IMO the idea that a half million civil servants are going to find work in the private sector is nonsense. We are still exporting most of the decent jobs and the migrants are doing to work most Brits would not be willing to do.

The euphoria over a mere 33% slump in growth 2nd Q to 3rd Q is misplaced. The knock on effect of 500,000 pay packets being removed from the economy is going tio impact the economy and those towns with the biggest job losses will suffer most.

First there won't be anything like 500,000 job losses. This is a statistical manipulation similar to the one that came up with the fantasy £81 billion in cuts.

Second, most of the real cuts will be voluntary - early retirement and the like. Posts will be deleted when people retire or move on but mass cuts are not going to happen.

If there is an exception it will be in the quangos being axed, but I wouldn't be surprised if many of these are taken in by other parts of government.

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Local authority area Percentage of workforce employed in the public sector - Oxford 46%

What proportion of that percentage / number work for Oxford University in one of the following areas (from the university website)?

Academic - professorships and lecturerships; Academic-related - professional administration and general management, including specialisms such as finance and personnel, press and PR and qualified librarians; Research - research fellows and assistants, scientists, programmers, engineers; Technicians - scientific and maintenance technicians, IT support, conservators, scientific officers, technical posts within clinical departments; Nurses - all nursing posts within clinical departments; Clerical and Library - library assistants, secretaries, receptionists, finance assistants, general clerical and admin staff, administrative support posts within clinical departments; Parks, Gardens and Ancillary - gardeners, sports grounds staff, museum attendants, skilled and unskilled maintenance staff, security staff, caretakers, porters, cleaners and catering assistants; College Vacancies - the colleges at Oxford University advertise their jobs separately.

And how many jobs is the university going to axe, I wonder?

I really don't think Oxford is going to suffer all that much.

Well, I looked into this recently, and here is some of what I have found so far:

Economic Statistics page from oxford city council:

http://www.oxford.gov.uk/PageRender/decC/Economic_statistics_occw.htm

Top 100 employers (Jan 2010):

http://www.oxfordtimes.co.uk/business/top_100_employers/

Labour market profile from the Office for National Statistics (has stats for each local authority):

http://www.nomisweb.co.uk/reports/lmp/la/2038431818/report.aspx

The county council has announced plans to cut 1,000 jobs

http://www.oxfordtimes.co.uk/news/8468528.Unions_warn_of_strikes_over_public_sector_job_cuts/by 2015.

Cheers,

Q

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Spending cuts will slash house prices in these towns

I thought we already established that there weren't going to be any cuts? Just ever-increasing spending and debt until the next election.

What you might see is a few very wealthy ex civil servants trying to spend the extra handouts they've awarded themselves. Good luck out-bidding them!

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • up 5%



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