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UK Unemployment on the up!

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Comments

  • steadysaver
    steadysaver Posts: 389 Forumite
    Dan: wrote: »
    Yes! This is great news! Unemployement on the up so more and more people are gonna be out of work and wont be able to pay their mortgages, we can then snap up their homes for penuts.

    I don't think this is great news at all. It will have far wider reaching effects than what someone can "snap up" a house for.
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    I don't think this is great news at all. It will have far wider reaching effects than what someone can "snap up" a house for.

    Yeah, but apparently you can cause an economic slump just by having the foresight to see it coming and warning others of it.

    Those damn house price crash cheerleaders! :rotfl:
    --
    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.
  • steadysaver
    steadysaver Posts: 389 Forumite
    !!!!!!? wrote: »
    Yeah, but apparently you can cause an economic slump just by having the foresight to see it coming and warning others of it.

    Those damn house price crash cheerleaders! :rotfl:

    Better not get too vocal about rising oil prices then my good man.... oh wait.
  • dean_ham
    dean_ham Posts: 277 Forumite
    my view is if you can press a button, you can work.
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    Generali wrote: »
    I worked for HSBC up until 2000. I saw in The Times this am that the they have increased the retirement age from 60 to 65 in the defined benefits scheme.

    There is a shortfall in their scheme of £1,200 million.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    There is a shortfall in their scheme of 1,200 million.

    Well people have developed this annoying habit of not dying.
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    Generali wrote: »
    Well people have developed this annoying habit of not dying.

    I don't want to die yet:eek:
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • steadysaver
    steadysaver Posts: 389 Forumite
    Generali wrote: »
    Well people have developed this annoying habit of not dying.

    Selfish b@sta!!!ds
  • moanymoany
    moanymoany Posts: 2,877 Forumite
    With the credit crunch biting, costs of transport and drop in house building, rising costs of food - in fact there are so many indicators that people are not going to spend as much that it is inevitable that unemployment will rise.

    Already there have been people 'let go' from companies at Gatwick Airport. Fewer people travelling by air will have a knock on effect through the local community. Many people in Crawley live transitory lives - renting rooms, temporary jobs.

    Many people commute to London from here. If rail prices go up - which seems very likely - it leaves less in the pocket to spend elsewhere.


    I think that the fall will seem gradual as every factor 'knocks on' to the next. I remember in about 1977 some economist on the tele saying there would be 5 million unemployed in 10 to 15 years. He gave his reasons but I didn't hear them as I was laughing so much at this stupid statement.

    He was right. It happened. I don't think the reasons are the same as they were then, but it seems to me there are a lot of factors that make this slump look as though it will be bad.

    The main one is that so many contributing factors are out of any individual government's control. Another is this countries huge level of personal debt leaves many people with no buffer against bad times.

    Having been the voice of doom I will slink away........;)
  • dopester
    dopester Posts: 4,890 Forumite
    In other news, mitchaa's theory of continuing HPI based on strong employment and stonking annual payrises hits it's first 30,000 little snag.
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