Britain: Only major economy in recession in 2010?

Wookster

chucky wrote: »

very true - maybe he's got himself a job now

Yeah baiting twits like you.

thriftybabe

stevetodd wrote: »

bendix wrote: »

But on a day to day basis, people will still eat. Watch tv. Buy a morning paper. Maybe share a bottle of wine with their spouse once a week.

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I think it depends how much you are affected by this recession/depression. One of our friends who is not working is living of his savings and is absolutely not spending anything at all apart from the bare minimum. Subcontractors who were earning £600 plus now living on £42 a week. This is going to be really difficult time for them.

Family who have their own business not affected at all. They are even busier as people are not changing their cars and therefore getting more repairs done.

bendix

Of course, and those individual instances are unfortunate, but they are an inevitable part of the economic cycle. Jobs guaranteed for life sadly don't exist - only a couple of societies like the Soviet Union provided them, and it didnt work too well for them.

Economies are like plants . . they flourish and then they whither. They need to do that; it makes them stronger, in the same way pruning your roses guarantees a better bloom next year.

Somewhere along the line things got confused. We somehow started to believe we need to keep sickly businesses and economies going artificially. Not only is that unrealistic but it's also expensive and - ultimately - doomed to fail.

Skilled people might be laid off. The saving grace is that they will return to work again in the future.