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'disappointing' Rise In Unemployment

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Quite soon I might have to remove the 'formerly' from my name.

My landlord need not worry, his income is guaranteed.

Hi ho, hi ho its on the dole we go.

Working for free for the likes of A4E

Hi ho, hi ho, or maybe even SERCO.

SERCO, SERCO, its on the dole we go.

Working for free for the likes of A4E.

Oh no, oh no, oh no!

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While wages grow slower than price inflation there will be economic decline. It's mathematically impossible for the economy to grow in a real sense (some Potemkin growth can be generated by borrowing and spending.)

Either get wages up, or inflation down, it doesn't matter which.... :angry:

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I forgot to mention, my benefit entitlement has recently increased. Above inflation increases in the cost of socially rented property is what is driving inflation you see. The JSA is falling behind inflation, but the housing benefit portion of benefits is what is driving inflation.

No money to spend in the real economy, but it's good news for homeowners!

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Quite soon I might have to remove the 'formerly' from my name.

My landlord need not worry, his income is guaranteed.

Hi ho, hi ho its on the dole we go.

Working for free for the likes of A4E

Hi ho, hi ho, or maybe even SERCO.

SERCO, SERCO, its on the dole we go.

Working for free for the likes of A4E.

Oh no, oh no, oh no!

Sorry about this.

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Quite soon I might have to remove the 'formerly' from my name.

My landlord need not worry, his income is guaranteed.

Hi ho, hi ho its on the dole we go.

Working for free for the likes of A4E

Hi ho, hi ho, or maybe even SERCO.

SERCO, SERCO, its on the dole we go.

Working for free for the likes of A4E.

Oh no, oh no, oh no!

Also sorry to read this.

Since you seem much more clued up on how people your age are being screwed over by situations totally beyond their control and certainly not of their making, could you let us know what your peers think of it all (and the looting - not that I'm trying to suggest a connection).

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Also sorry to read this.

Since you seem much more clued up on how people your age are being screwed over by situations totally beyond their control and certainly not of their making, could you let us know what your peers think of it all (and the looting - not that I'm trying to suggest a connection).

I tend to socialise with people from a variety of backgrounds and age groups. Most are blissfully unaware of what is happening, and what could happen.

I had written a large reply, but I've decided not to post it as it is a bit too personal about some of the people I know.

Most of us thought the looting and arson was stupid, however many supported the attacking of the police. Being an ex pit town, people here still have bad memories from the 80s and hatred of the police can run quite deep.

Generally though, my peers want to work. They don't wan't to riot. However, we all know the location of the job-centre, and the routine of signing on.

Sometimes I wonder whether or not it does me any good to be working. I have no free time, and come out with about £1 per hour after tax and loss of benefits. I'm quite fortunate to have a housing association flat, so being unemployed means I don't have to worry about paying the rent. And a fortnightly giro is easier to budget with, than a months' minimum wage pay.

I've noticed that my friend's who rent property are a lot more likely to quit working and let the state pay the tab, than those whom live at home and have negligible housing costs.

All that said, the young people I know tend to be a lot more prudent than their parents. And I know some people in their 30s and 40s and 50s who are setting themselves up for bankruptcy, living well beyond their means. One is a woman (3 kids) with a salary of £8000, (£20k with tax credits) bought a 3bedroom house in late 90s for £50k with her partner, they split up and she was living as a single mother up until a few months ago. She is currently on holiday abroad (credit card), drives a new car (payment plan) and is looking to upgrade to a 4 bed house.

Even with low interest rates she could end up being bankrupt. It's amazing how well she can live on part time hours, especially when you consider that I just get by on full time hours renting from a housing association. I could not afford to insure a car, nor can I afford a holiday (although I could easily go on one if I took out a credit card).

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Huge rise in part-timers as well. +83,000

AllSome claiming more benefits and paying less tax.

What chances that this year's deficit will be worse than last year's.

I've just gone part time out of choice, I'm not claiming any benefits, so I've corrected it for you :)

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Guest spp

'Disappointing' rise in unemployment

Yet a bit nearer to the edge of the waterfall.

Sorry to be so negative... Anyone care to argue a case for the recovery?

No.

The question I have...How much longer will people keep believing all bad news is 'unexpected'?

Total B$!

Edited by spp

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BBC News 24 just doing a live report from Wales saying that 1 in 3 jobs in Swansea are public sector and that the job cuts have not yet begun.

Wales now has the highest level of unemployment in the UK with fears that it will rise substantially next year.

Private Sector is so small in Wales that it is a real issue to this country.

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One is a woman (3 kids) with a salary of £8000, (£20k with tax credits) bought a 3bedroom house in late 90s for £50k with her partner, they split up and she was living as a single mother up until a few months ago. She is currently on holiday abroad (credit card), drives a new car (payment plan) and is looking to upgrade to a 4 bed house.

Even with low interest rates she could end up being bankrupt. It's amazing how well she can live on part time hours, especially when you consider that I just get by on full time hours renting from a housing association. I could not afford to insure a car, nor can I afford a holiday (although I could easily go on one if I took out a credit card).

Same story repeated on this forum many times. That's worth a riot.

This is the usual response to economic headlines with the word "unexpected":

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I've just gone part time out of choice, I'm not claiming any benefits, so I've corrected it for you :)

I would say 'most' claiming benefits rather than 'all' or 'some'. I also work part time by choice but I'm geared up to take benefits when the time comes, for example...should the wife lose her job.

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Private Sector is so small in Wales that it is a real issue to this country.

I lived in north wales for a while and remember thinking just how dependant some places were on one or two big local employers- one of the reasons I left- despite really wanting to stay- was fear of ending up with a mortgage in a jobs desert.

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I lived in north wales for a while and remember thinking just how dependant some places were on one or two big local employers- one of the reasons I left- despite really wanting to stay- was fear of ending up with a mortgage in a jobs desert.

The problem is there are plenty of jobs, but jobs that would not pay enough to cover basic family living costs.....so what we have is higher numbers of unemployed and more people having their living costs subsidised by the state...the rest that live just above the subsistence line have less disposable income to spend.

....with fewer people eligible for some disability benefits, that must increase unemployment figures.

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  • 284 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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