Friday, December 28, 2007

Boom to Bust – 2008 predicted to be the worst year for jobs for decade

UK jobs outlook worst for a decade

The outlook for the UK jobs market is the worst for a decade with unemployment and redundancies expected to rise in the wake of the international credit crisis. The jobs slowdown could prompt bigger cuts in interest rates than currently anticipated to head off the threat of recession. HR professionals will have to deal with the tricky task of compulsory redundancies.

Posted by who stole my pension? @ 06:05 AM (874 views)
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6 thoughts on “Boom to Bust – 2008 predicted to be the worst year for jobs for decade

  • So immigrants will start leaving, so BTLers will have no rental income, higher mortgage costs, and an asset worth less than they paid for it.

    All part of an economic miracle, coming to a street near you thanks to the fat Brown retard

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  • Hang on this is real jobs isn’t it? Not Non Jobs paid for by Blair and Brown money (taxes)?

    How many real jobs will be left?

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  • tyrellcorporation says:

    ‘thanks to the fat Brown retard’

    LOL! the best comment of 2007 I’d say 🙂

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  • The jobs are going to be lost exclusively in the private sector. I can’t remember seeing much more than a murmur in the press about the dramatic loss of tax revenues that must be suffered by the government. If 40% of the UK economy is the financial sector and the invisible exports, and the financial sector are writing down as much as possible, then the government will go into a huge deficit, and the relative value of sterling will drop. All well and good while China and Japan play along. However, China have imported inflation, and sooner or later Japan must inflate also. When Japan starts to get inflation again I think the Asian economies will look to form an economic lifeboat, and cut the UK out. Then sterling will be shown up as a useless plum, at which point we will also have an indebted government and widespread bankrupcies. How far will the Japanese go? If everybody in the UK was hiding money under their mattress we would have deflation also, but presumably if people lost confidence and started spending, all the mattress money at once would be a big shock. I hope the main remit of foreign economic policy makers isn’t to smoothly achieve a trading transition away from a bankrupt west.
    I totally agree with the Brown retard comment. How on earth can he have got so many different things so badly wrong. I can remember when Major got turfed out, and the main reason was that the voters were bored of the Tories, there weren’t any dramatic events. Labour will lose from completely stuffing the country.

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  • I agree with the above comments. Between the two of them Blair and Brown have presided over the most corrupt, incompetent and feckless government since the Wilson and Callaghan debacle. Pension funds have been depleted and the public sector is bloated with civil servants who bring no value and do minimal work at great cost to the nation. The public finances are a mess with vast borrowing that burdens future generations with debt. Industry has been saddled with increasing red tape, bureaucracy and taxation that has reduced the competitive edge of the UK in the world.

    The country has survived to now by endless credit spending on the back of an artificial house price bubble. There are in fact hundreds of thousands of properties vacant with their owners hoping to sell at the peak of the market. The peak has passed and the credit crunch has started to bite which will lead to a house price crash when people finally realise that prices cannot rise for ever. The banks no longer have the liquid funds to lend on mortgage and prospective buyers are no longer able to buy. Those who talk of endless housing demand and lack of supply should take a look at Japan where population density is some 40% higher than the UK and where land really is in short supply. This did not prevent a price reduction of 60% when their market crashed. Only 8% of the UK is developed with 92% of the land free leaving huge scope for more housing. The coming crash in the UK is likely to be much worse than Japan leading to an economic slump.

    I wonder what retard Brown and charlatan Blair will have to say. Neither of them appear to have any commercial sense but will have made sure that their pensions are secure having trashed the country and leaving the rest of us to our fates.

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  • Nicely stated Ian. I am beginning to think the UK a victim of the pure vanity of Bush & Blair, those awful twins.

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