1 in 5 fears the sack

gagahouse

RenovationMan wrote: »

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?

Countries that don't run twin deficits.

AAA doesn't guarantee low yields, gilt yields are rising.

Over the past year, the government has had little problem funding its borrowing requirement as the Bank of England
has absorbed nearly £200bn of gilts. Last week’s decision by the Bank to suspend the APF, however, means that the
gilt market can no longer rely on central bank purchases. Indeed, at some stage, the Bank will seek to sell its APF gilt
holdings back to the market as it seeks to reverse its policy of quantitative easing. The prospect of a double whammy
of elevated government bond issuance and future central bank gilt sales pose a upside clear risk to the future path of
UK government bond yields.

http://www.lloydstsbcorporatemarkets.com/media/pdfs/Economicresearch/Bondtechnical/Bondmarketanalysis110210.pdf

Thrugelmir

RenovationMan wrote: »

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?

Lend to or invest? Different propositions.

bendix

Anyway, fearing to lose your job is a good thing. It motivates people.

Jobs are not a god-given right. We have to prove we're worth not being fired.

People are such !!!!!!s these days.

purch

4 out of 5 people don't fear losing their job.

Way too complacent. :eek:

No wonder the economy is in the dumps.

Treat em mean, keep em keen !!!!!

I blame in on the EU

amcluesent

Yet again, your CB, HB, IB, JSA, DLA,... types are laughing all the way to the bookies, while anyone silly enough to work and save in England will be bled white in spiralling taxation.

You certainly wouldn't fear the sack if you were morbidly obese, have half a dozen ferals, never saved a penny piece and had a good business selling ciggies for cash from the back of a van. Now that's canny!

Loughton_Monkey

lemonjelly wrote: »

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?

No such thing as a consumer led recovery.

There is only one way for consumers to help recovery, and that is to 'Buy British'. That apart, we must stop spending. Spending on imported goods? Bad! Spending on 'service industries'? Not particularly clever. That just transfers some money from your pocket to someone else's.

Scenario 1: Some lad is sitting at home claiming £60 a week JSA. So the lad get's off his backside, borrows a bucket, and sets up a Car Wash. So 60 of us pay £5 a week to him to wash our cars. "Wonderful" everyone says! "GDP up £300 a week". "Enterprise is alive". "Green shoots of recovery....". "Unemployment drops 100% in Acacia Avenue..."

Absolute rot!

60 people are poorer by £300 (but have cleaner cars). The lad pays £60 tax to Government but is £240 richer. The Government is spending £60 less on JSA, and receiving £60 more in tax. So tell me (a) what 'good' this has done to the UK economy, and (b) how efficient is it to have an extra £120 being spent by Government, that would otherwise have been spent by 60 people? When they already spend more than 50% of all UK expenditure, do we really want them to spend more?

Scenario 2: Same lad gets off his @rse, and actually makes buckets. 60 people nearby feel £300 'richer' and each buy a 'share' in the lad's business because he's a good lad and needs new machinery and he can double his output. Sells all his buckets to foreign tourists for £1,000, making £500 'gross'. Pays £60 dividend to 60 shareholders. Pays £60 tax to Government coffers.

Now that's recovery!

I think Cameron understands this. I know Brother Brown didn't.