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Peugeot Closing Ryton Plant - 2007

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Yet more "good news" from Brown's "miracle ecomony".

http://news.bbc.co.uk/1/hi/england/coventr...ire/4919312.stm

Peugeot to close their Warwickshire as the plant is too expensive to run.

Edit: Correct spelling of Peugeot

Unions said they had been fearing bad news but were shocked at the scale of the announcement.
Thousands of other jobs depend on the Ryton factory.
The decision is another blow to the West Midlands car industry following last year's collapse of MG Rover at Longbridge, Birmingham and the loss of nearly 6,000 jobs
.

That's my area. No wonder RICS said there was a growing number of sellers in the West Midlands due to unemployment.

House prices too high for people to accept other than uneconomic wages so the jobs go overseas. Tick tock tick tock........

Edited by Realistbear

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http://politics.guardian.co.uk/economics/c...1755334,00.html

It's been a while but jobs are an issue again - and Labour's explanations are being challenged

If unemployment keeps rising, the government will be in trouble

Larry Elliott, economics editor

Monday April 17, 2006

The Guardian

It's been a long time since unemployment was a hot political issue in Britain. A quarter of a century ago, inner cities here were no different from French inner cities a year ago, with a cocktail of scrapheap economics and racism leading to an eruption of violence.
However, there is one man whose job prospects would be enhanced if there was the slightest suggestion that unemployment was going up because Labour had screwed up the supply side of the economy: David Cameron.

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2300 jobs being lost directly, and surely another 1000+ will go in-directly?

Not good, especially as Rover, in the same part of the country, closed its gates last year.

But hey Brown will come to the rescue! He'll find some UK assets left that he hasnt already sold off, then he'll flog them to pay for some more public sector jobs with final salary pensions (which he'll not worry about, that'll be someone elses problem...)

:(

Edited by Pete95

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Yes I can see the Tories digging out their old Labour isn't working posters.

yes those poster were cool.

the tories made them when unemployment was 1 million.

got power, then expanded that figure to 4 million.

same thing would happen this time.

the tories only produce hot air outta their ass. not jobs.

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yes those poster were cool.

the tories made them when unemployment was 1 million.

got power, then expanded that figure to 4 million.

same thing would happen this time.

the tories only produce hot air outta their ass. not jobs.

Politics is not a wand-waving exercise. The die was set, hence why job losses kept increasing.

Similarly, when Labour came to power the die was set and Labour reaped the rewards from Tory economic management. Now we are starting to see the full effect of Labour economic management...

Andrew

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Browns Lane, Longbridge, Ryton, the West Midlands really is in the era of managed decline, how this sits with house prices on a level with the South-East is anyone's guess.

Labour's answer will be to replace 2300 jobs that paid taxes with an 2300 public jobs that will consume taxes, very sad. That's before we even get to the collateral damage.

Edited by BuyingBear

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yes those poster were cool.

the tories made them when unemployment was 1 million.

got power, then expanded that figure to 4 million.

same thing would happen this time.

the tories only produce hot air outta their ass. not jobs.

Fred

My problem lies with the dishonesty of this government. A chap from the DSS on radio the other day explained that they were now shifting people off invalidity benefit into other schemes such as early retirement to massage those figures down. According to one comment I heard recently (and I don't have the source), if unemployment was calculated on the same basis as it was a few years ago, the unemployment figures would be over 6 million. People are being bribed to keep quiet with all sorts of means tested benefits. The government is running up debt so fast though, that the house of cards is going to collapse around us some point in a spectacular fashion.

I am beginging to think that today's Labour party contains some of the most vicious and cynical people we have had in power for over a century. They are setting fire the economy for short term career goals. Although I don't like him, I don't include Tony Blair in this comment.

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the tories made them when unemployment was 1 million.

got power, then expanded that figure to 4 million.

same thing would happen this time.

Err, it already is happening, wake up! Add in the incapacity, disability, jobless claims and newly created dubious public jobs and Brown's miracle economy is well north of 4 million.

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The year is 1996

One wise man sits there saying how under the next Labour government, thousands of doctors and nurses would be laid off as the government slowly privatises the NHS, prisons would be filled to capacity, our troops bogged down in a foreign country, fighting a US Republican's dirty war, factories closing, unemployment rising, housing out of reach of the ordinary working man.....

Of course, everyone laughs at him....

Who'd a thunk it?

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Who'd a thunk it?

And after two decades Pavlov is still able to pin it all onto Thatcher, thank god we now have a perfect government that never makes any mistakes and they're now able to fix all of her failings.

Edited by BuyingBear

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Women on the BBC news at 6'0 clock " Well, just bought a new house two years back, bigger, better area, well it will be on the market now, and there is a fair few others in there in the same position"

Opps :blink::o Very sad, but they would not require such anual wages if real inflation was as low as we are spun, and the higher the cost of the house, the higher the wage demands will become.

Manufacturing parts and building cars is f@cked in this country, the average wage for a track worker at Ryton is around 22k to 24k per year. :blink:

That is quite some wage for an un-automated assembly robot. But at least the economy is booming, low unemployment etc etc, they will easily be re-trained for new jobs and command the same sort of anual wage. And do not forget this is all down the Gordons miracle economy. :lol::lol::lol:

Gordon as PM, what a thought, the tories, well they must be rubbing their sweaty hands together wth excitement, the economy is, well,getting a bit sticky, heading for a freefall, Gordons pants must be getting darker, serves the financial incompetent idiot right.

Edited by Panda

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HPI is like a leach, it drives up costs and sucks money out of the economy simply to pay interest on magic money that was created out of thin air in the first place.

100% correct.

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The year is 1996

One wise man sits there saying how under the next Labour government, thousands of doctors and nurses would be laid off as the government slowly privatises the NHS, prisons would be filled to capacity, our troops bogged down in a foreign country, fighting a US Republican's dirty war, factories closing, unemployment rising, housing out of reach of the ordinary working man.....

Of course, everyone laughs at him....

Who'd a thunk it?

Who was that then??? The only Pavlov I know of is him of Pavlov's Dogs fame.

Funny, it's almost exactly what everyone expected the Tories to do back then, minus the war bit (which I don't think anyone foresaw). But I suppose Nu Labour *are* Tories, only we didn't know it then...

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I am very saddened by this news. :(

It's a huge blow for Coventry, Warwickshire and the Midlands.

The Ryton plant is a huge building sat on the A45 between Rugby and Coventry, and especially in my childhood I've been past it more times than I can remember.

Another nail in the coffin for British manufacturing, and after today you can only talk about the car industry of the Midlands in the past tense.

The workers coming out of the plant today say it all - what's left now ? Anything ?

Of course, the 2000+ workers will inevitably all have mortgages to pay, many of them who probably took out mortgages at over-inflated prices.

The housing market in this area is going nowhere but down.

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a real shame. i saw the writing on the wall for manufacturing in 1988 and got out. what a waste of talent. i still blame the trade unions in the 60's and 70's for the mess manufacturing is in. the real danger now is that our manufacturing base is so small and the expertise in production and key skills will be lost. unfortunately the middle classes do not like technology and do not see engineering as a skill or profession. we will reap the backlash for many years. however the uk has an inate talent and intellect for technology which hopefully will be successfully exploited. the only thing which stands in our way is the government which is decidedly anti business. theres the uks near future f@@ked by middle class closet socialist half wits.

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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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