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Nationwide: prices down 1.4% in October, down 14.6% since last year

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Comments

  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    MrDT wrote: »
    Almost two thirds of these jobs are in the UK. I suppose the 3000 jobs might be cut from operations in countries outside the UK only, but I kinda got the feeling that a couple of thou more brits would be claiming jobseekers soon.

    Couple of thousand is a tiny percentage of the population, I know. An awful lot of companies are dropping a thousand here and a thousand there recently though aren't they? I'm sure it all adds up.

    Another spin tactic on the news is pointing out that it's contract/ temp staff that have been layed off.

    Well whoop di doo. That's still people who have lost their jobs. Or presumably they don't count because they were on a limited term contract?

    I think we'll see carnage in the retail trade after Christmas. I'd also expect a lot more finance industry jobs to go in 2009. We've seen relatively little fall-out to date considering the mess in that sector. All the redundancies in the general economy aregoing to make it worse as people default on personal debt and mortgages.
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • !!!!!!? wrote: »
    Another spin tactic on the news is pointing out that it's contract/ temp staff that have been layed off.

    Well whoop di doo. That's still people who have lost their jobs. Or presumably they don't count because they were on a limited term contract?

    I think we'll see carnage in the retail trade after Christmas. I'd also expect a lot more finance industry jobs to go in 2009. We've seen relatively little fall-out to date considering the mess in that sector. All the redundancies in the general economy aregoing to make it worse as people default on personal debt and mortgages.
    !!!!!!? have you seen the product CBS have just offered me?
  • !!!!!!? wrote: »
    I'd also expect a lot more finance industry jobs to go in 2009. We've seen relatively little fall-out to date considering the mess in that sector..


    like http://newsvote.bbc.co.uk/1/hi/business/7733575.stm ...?

    "Certainly [the job cuts] will fall particularly heavily on London and New York," Citigroup chairman Win Bischoff said at a business forum in Dubai.
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