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Another 500 Canned At Barclays

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http://www.thisissouthwales.co.uk/displayN...tentPK=13261912

BARCLAYS TO CUT UP TO 500 JOBS

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10:00 - 05 October 2005

Preparations are underway at Barclays to axe up to 500 jobs from its UK IT department over the next month. The move is part of a large shake-up that includes the restructuring of a key 350m desktop outsourcing deal with EDS.

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Lots of posts along thses lines highlighting job losses appear on this site.

I imagine that it can be for one of two reasons;

Firstly, it highlights a general trend in the finances of the country which may have knock on effects for the housing market leading to the much predicted (here anyway) house price crash.

Secondly, it could just be that you all enjoy the hobby of 'job loss spotting' and you revel in the misfortune of others.

Given that employment data is essentially stable (see the following quote from the ONS website) I can only assume it is the latter. Am I correct?

'The trend in both the employment and unemployment rates is flat.'

http://www.statistics.gov.uk/cci/nugget.asp?id=12

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it could just be that you all enjoy the hobby of 'job loss spotting' and you revel in the misfortune of others.

Oh get off your high horse. Ersatz indignation and schoolmarm-ish lecturing on HPCers moral rectitude is old hat on here. We take note of job losses, get over it.

Given that employment data is essentially stable (see the following quote from the ONS website)

Err, that quote refers to the second quarter of 2005 (ie up to July '05). It is now October! :rolleyes:

Am I correct?

Out of date, yes. Correct, no.

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DEMO,

Not that your accusation deserves an answer, but simply exposing the myth that the debt funded orgy has done ANYTHING positive for the UK economically, moreover that we are beginning to reap the whirlwind of making the UK one of the highest cost locations to do business.

It is ironic that one sector that is a main player in outsourcing and offshoring significant number of jobs are the very creators of the problem.

BTW here's some more,

400 JOBS UNDER THREAT

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09:30 - 05 October 2005

Nearly 400 jobs are in jeopardy at a distribution centre in Burton.

Logistics firm Wincanton may have to close its flagship depot at the Centrum Business Park because of the buyout of Littlewoods shops by Primark.

......

http://news.moneycentral.msn.com/provider/...1005&ID=5167722

Aon to cut up to 750 jobs in UKadvertisementRelated information E-mail this article Print-friendly version

All Reuters NewsLONDON (Reuters) - Aon Corp., the world's second-largest insurance broker, said on Wednesday it was launching a major restructuring of its UK operations that would result in up to 750 job losses over the next two years.

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No morals here then.

Is that a personal view or one endorsed by the forum in general?

If job losses aren't reported in the blog does that mean they don't really happen?

Or we could just pretend everything is all ok and rosey and that nobody ever loses their job, ever... it would be like the whole world being like the public sector! :rolleyes:

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No morals here then.

Yawn. Where were you when the bulls were cheering on every price increase in the housing market, and by extension the increasing exclusion of FTB's from the same? Where were your holier-than-thou morals then? These unfounded accusations against HPCers suffer the mark of rank hypocrisy from those who would seek to denigrate HPC, but use the cloak of sermonising to disguise their attacks.

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Yawn. Where were you when the bulls were cheering on every price increase in the housing market, and by extension the increasing exclusion of FTB's from the same? Where were your holier-than-thou morals then? These unfounded accusations against HPCers suffer the mark of rank hypocrisy from those who would seek to denigrate HPC, but use the cloak of sermonising to disguise their attacks.

At the end of the day we didn't sack 'em, if we're talking about morals then they should point fingers at the companies and the demands of the stock market.

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Given that employment data is essentially stable

That's not a very helpful factoid in itself though. For the purposes of this site, the shifting nature of the workforce is a very useful indicator. Because if better paid jobs are steadily being replaced by jobs selling each other hamburgers, then the economy's definitely going pear-shaped and house prices will inevitably fall.

So you could argue that we need more details about job losses *and* creation, not less to help us build a picture of how soon house prices are likely to fall to realistic levels.

Andrew McP

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I have no wish to make the world all nice and rosy. Feel free to continue reporting the job losses but don't make a sport of it and try to give it some balance by also showing the new jobs being created.

Try this link for instance. It took me all of two seconds to find on google. Shows the creation of new jobs in the UK even where the Far East was an alternative.

http://www.cambridge-news.co.uk/business/n...8ede4920254.lpf

Also goes some way to disproving the point about the UK being a bad place to do business.

Just because I show some concern for those people losing their jobs does not mean that I approve of the bulls behaviour when they were celebrating their gains at others expense.

A little bit of respect all round would not go amiss.

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I have no wish to make the world all nice and rosy. Feel free to continue reporting the job losses but don't make a sport of it and try to give it some balance by also showing the new jobs being created.

Try this link for instance. It took me all of two seconds to find on google. Shows the creation of new jobs in the UK even where the Far East was an alternative.

http://www.cambridge-news.co.uk/business/n...8ede4920254.lpf

Also goes some way to disproving the point about the UK being a bad place to do business.

Just because I show some concern for those people losing their jobs does not mean that I approve of the bulls behaviour when they were celebrating their gains at others expense.

A little bit of respect all round would not go amiss.

Here for you

I want a resonably priced house. if that is what it takes, i do not care

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House price crashes and recession go hand-in-hand. Any proof of a recession or recessionary tendencies in the economy are indicators of an HPC. No one (well, almost no one) wants to see people be put out of work but people shouldn't have to pay extortionate prices for properties and saddle themselves in debt for the rest of their lives either.

Many people on this site, myself included, have become wary of gov't statistics. It has become clear that inflation stats are being managed, why not employment?

Finally, if you came here for a balanced opinion, then you won't find it. Most people here are looking for signs of an HPC. You must balance what you read here with your own experiences and make up your own mind.

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DEMO,

It would be great if there were 10's, 100's or 1000's of cases like that example. The fact is there aren't. This company has been going years and has suceeded despite the numerous hurdles put in place. Problem is it is future companies who will not even get to the stage of starting up - business premises are obscenely costly and the business rates on top mean that there will be fewer of the likes of this example and not more.

Edited by OnlyMe

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DEMO,

It would be great if there were 10's, 100's or 1000's of cases like that example. The fact is there aren't. This company has been going years and has suceeded despite the numerous hurdles put in place. Problem is it is future companies who will not even get to the stage of starting up - business premises are obscenely costly and the business rates on top mean that there will be fewer of the likes of this example and not more.

The statisitics disasgree with your pessimism. This is sourced from the World Bank:

The top 20 economies in terms of ease of doing business are New Zealand, United States, Singapore, Hong Kong/China, Australia, Norway, United Kingdom, Canada, Sweden, Japan, Switzerland, Denmark, Netherlands, Finland, Ireland, Belgium, Lithuania, Slovakia, Botswana, and Thailand.

http://web.worldbank.org/WBSITE/EXTERNAL/N...PK:4607,00.html

This one is sourced from Barclays:

Barclays today unveils new figures showing that the number of start ups during 2004 outstripped anything recorded since it began tracking the market in 1988. The total number of new businesses has increased by 13 per cent from 400,000 in 1988 to 453,000 in 2004

http://www.newsroom.barclays.co.uk/Content...54&NewsAreaID=2

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DEMO,

Not that your accusation deserves an answer, but simply exposing the myth that the debt funded orgy has done ANYTHING positive for the UK economically, moreover that we are beginning to reap the whirlwind of making the UK one of the highest cost locations to do business.

It is ironic that one sector that is a main player in outsourcing and offshoring significant number of jobs are the very creators of the problem.

BTW here's some more,

400 JOBS UNDER THREAT

Next Story | Previous Story | Back to list

09:30 - 05 October 2005

Nearly 400 jobs are in jeopardy at a distribution centre in Burton.

Logistics firm Wincanton may have to close its flagship depot at the Centrum Business Park because of the buyout of Littlewoods shops by Primark.

......

http://news.moneycentral.msn.com/provider/...1005&ID=5167722

Aon to cut up to 750 jobs in UKadvertisementRelated information E-mail this article Print-friendly version

All Reuters NewsLONDON (Reuters) - Aon Corp., the world's second-largest insurance broker, said on Wednesday it was launching a major restructuring of its UK operations that would result in up to 750 job losses over the next two years.

These companies are all responding to competition . . . by becoming more competitive. This makes the economy as a whole more productive. It's the way things are supposed to work.

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http://www.thisissouthwales.co.uk/displayN...tentPK=13261912

BARCLAYS TO CUT UP TO 500 JOBS

Next Story | Previous Story | Back to list

10:00 - 05 October 2005

Preparations are underway at Barclays to axe up to 500 jobs from its UK IT department over the next month. The move is part of a large shake-up that includes the restructuring of a key 350m desktop outsourcing deal with EDS.

My husband has just got a new job....with Barclays.....in I.T

I can't get that link to come up as it is running very slow so I am not sure which area it is, but he starts monday, it's a contract not a permanent job.

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The statisitics disasgree with your pessimism. This is sourced from the World Bank:

The top 20 economies in terms of ease of doing business are New Zealand, United States, Singapore, Hong Kong/China, Australia, Norway, United Kingdom, Canada, Sweden, Japan, Switzerland, Denmark, Netherlands, Finland, Ireland, Belgium, Lithuania, Slovakia, Botswana, and Thailand.

http://web.worldbank.org/WBSITE/EXTERNAL/N...PK:4607,00.html

This one is sourced from Barclays:

Barclays today unveils new figures showing that the number of start ups during 2004 outstripped anything recorded since it began tracking the market in 1988. The total number of new businesses has increased by 13 per cent from 400,000 in 1988 to 453,000 in 2004

http://www.newsroom.barclays.co.uk/Content...54&NewsAreaID=2

I DISAGREE WITH YOU

check the date of the report ??? what is going on now ?

21 March 2005 - Barclays

Uk start-ups reach new peak thanks to boom in traditional trades

Barclays today unveils new figures showing that the number of start ups during 2004 outstripped anything recorded since it began tracking the market in 1988. The total number of new businesses has increased by 13 per cent from 400,000 in 1988 to 453,000 in 2004

==================================================

The Times September 13, 2005

Britain's ranking falls for ease of doing business

By Gabriel Rozenberg and Gary Duncan

BRITAIN has slipped back in the race to be the best country in the world for doing business, despite being the easiest place in the world to gain credit, the World Bank said yesterday.

The UK fell from seventh place to ninth place in a league table for ease of doing business, in the World Bank’s annual analysis Doing Business in 2006.

Say no more about your statistics

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The reoprt is dated 21st March 05, I recognise that but it is the latest I could find on my brief search. It is still current enough to be relevant though so I continue to submit it as part of my argument.

I've not counted the number of countries in the world lately but falling from 7th to 9th does not seem to me to be an indication that this has suddenly become a country in which it is impossible to start a new business.

I suspect that you have chosen to highlight the point about the ease of credit as a sign that there has been reckless lending. I will accept that lending in the housing market could be described as irresponsible. However this is a report about business lending so I am not sure that the point carries. I have not done any research on this but if you wish to base an argument on this point please feel free to provide me with some data.

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DEMO.

Barclays today unveils new figures showing that the number of start ups during 2004 outstripped anything recorded since it began tracking the market in 1988. The total number of new businesses has increased by

13 per cent from 400,000 in 1988 to 453,000 in 2004

Well there are startups and there are startups. A number on its own doesn;t show much about the cirumstances. In fact when redundancies are picking up and thatere are not equivalent jobs in the market place you'd expect a blip in the overall number - as redundant people desperately try and go it alone - doesn't mean anything unless they actually succeed and this stat alone does not indicate in itself a flourishing potenital for long term sucessful enterprising business. In fact it could indicate quite the reverse - look at the date of the last peak in numbers - 1988 - nuff said. Plus you've got the numpty I've given up my job and now I'm a property developer types - I wonder how many of those there were over the last few years of property porn programmes?

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Barclays and other companies who provide a service for the UK population should be penalised/taxed/whatever when off-shoring services. We have already lost textiles and standard production jobs to other countries in the past and services is one of the last things that the UK had going for it.

We should boycott these companies until they bring back the jobs to the UK, tell them we're not satisfied with the total lack of support we get from the India call centres. I'm not racist, some of my best friends are Asian and they agree with me 100%

As I work in server management, I generally see things that happen in the background. So its even more heartbreaking knowing your colleagues/friends working on an account will soon be losing their jobs. :(

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  • 301 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% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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