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The decline of the UK economy

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2 hours ago, Neapolitan said:

I was reading that right know, the ratio of people in a job vs population is 50% in the US. Yes, one American out of 2 is not working today. 
I feel some people have not realized the extend of the proverbial shit hitting the fan here. 

I can believe that, but it’s usually only 60-65% anyway 

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3 hours ago, ForGreatLager... said:

And that was about 2.5 million people. At the end of this year we could potentially have:

1.5 million officially unemployed

8.5 million ‘economically inactive’

9.3 million redundant

In Total: 19.3 million people not working.

the 1m that was unemployed will still be.

Add say 2m (+ or -) from the recession.

We're looking at 3m unemployed by Xmas I reckon.  Most of the ex-furloughed will be taken back on by the end of the year.

Of course, we don't know if they will extend Furlough past October.  Next stage to bringing in UBI.  🤬

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5 minutes ago, Killer Bunny said:

Of course, we don't know if they will extend Furlough past October.  Next stage to bringing in UBI.  🤬

Or how much that will grate on the people who carried on working. At some point they’ll need to know which of the furloughed companies are going to survive or not so they can shift the employees onto a less costly set of benefits. Furlough can’t go on forever if a company is effectively dead (don’t quote me on that 😉). Maybe UBI is inevitable?

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23 hours ago, ForGreatLager... said:

 

8.5 million ‘economically inactive’

9.3 million redundant

 

Where did you get these 2 numbers from

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Does anyone have a figure on the total redundancies announced, to date, by various companies?

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On 30/06/2020 at 11:02, xxxx said:

Housebuilder Redrow to scale back London operations after Covid-19 hit

UK housebuilder Redrow has sent a shiver through the property sector this morning, as it warned that profits will be badly hit by the coronavirus outbreak.

Oh no! Does that mean the boss will have to cancel his order for a new Bentley and keep the 'old' one for another year?

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1 hour ago, xxxx said:

Does anyone have a figure on the total redundancies announced, to date, by various companies?

It was 612,000 up to May stats.  It will be materially more for June.  TBA.

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  • 399 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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