1 in 5 fears the sack

lemonjelly

http://www.bbc.co.uk/news/business-12362171

:eek:

Increasing to 1 in 3 in the public sector.

So, is it any suprise that consumer confidence is low?
And in a time where household budgets are tight anyway, this is just one extra pressure.

So what happened to this consumer led recovery?

And further, how come such a high percentage of pricate sector staff are worried? they're supposed to be creating millions of vacancies for all the public sector hangers on?

IronWolf

Doesn't surprise me really, in my area (public sector) its basically 1 in 1. Last few weeks has seen morale plummet.

chucky

what was the number in 'normal' times?

HAMISH_MCTAVISH

1 in 5 fears the sack

But from this point, only another 1 in 75 will actually get the sack. The constant media doom-mongering is not doing this country any favours, as such fear leads to a reduction in spending.

And of course, the more people fear, and the more people save, the more likely they are to ultimately lose their jobs....

1984ReturnsForReal_2

HAMISH_MCTAVISH wrote: »

But from this point, only another 1 in 75 will actually get the sack.

And another 9 in 75 already have the sack?



Yet another Hamish stat picked from an active imagination.

Thrugelmir

lemonjelly wrote: »

So what happened to this consumer led recovery?

We need an export driven and investment led recovery not a consumer one. Consumers overall need to reduce level of debt.

twadge_face

lemonjelly wrote: »

So what happened to this consumer led recovery?

But I thought it was meant to be a jobless recovery?

If you're earning £44 a day for sitting on your bottom in your house, you don't need a job.

Or benefits.

It's a whole new economic system.

tomterm8

chucky wrote: »

what was the number in 'normal' times?

No idea, I couldn't even find the original survey they used to get to the 1 in 5. I don't think it is likely to be anywhere near as high as this in normal times, but I think people were a lot more scared than this at the peak of the panic...

It doesn't help the economy, though, because scared people don't buy stuff.

Thrugelmir

RenovationMan wrote: »

And to achieve both, we need to keep interest rates low. This results in a low £, which makes our exports attractive overseas and low savings rates forces people to actively invest their money rather than to lock it away in a bank account.

Follow the wider trends don't focus on one measure alone. "Money" is increasingly costing more. Particularly for the banks for example. As the UK is a net borrower, international money markets will influence rates significantly.

Never been advisable to lock huge sums of money away in a bank account.

RenovationMan

Thrugelmir wrote: »

Follow the wider trends don't focus on one measure alone. "Money" is increasingly costing more. Particularly for the banks for example. As the UK is a net borrower, international money markets will influence rates significantly.

Never been advisable to lock huge sums of money away in a bank account.

As long as we maintain our AAA rating, we hold the whip hand. Where else will people invest without the fear of losing their shirt?

bendix

It's a totally meaningless survey. Ask people if they fear losing their jobs - what do you expect them to say? People want attention and sympathy and our default position is to think of ourselves as victims or unfairly treated. Psychology 101.

I'm surprised it's not 4 out of 5, let alone 1.