I fear it will be high and it will be down to the coronavirus, but I also fear everyone will blame the government. They have tried their best to keep people in work but a lot of companies some because they have no choice but others unscrupulousy will use it as an excuse to reduce their workforce.At one time the unemployment figures were announced every month. Now we see a percentage announced. Are we over 3million out of work and is it approaching the terrible figures last witnessed in the 1930s?
I fear it will be high and it will be down to the coronavirus, but I also fear everyone will blame the government. They have tried their best to keep people in work but a lot of companies some because they have no choice but others unscrupulousy will use it as an excuse to reduce their workforce.
Well Labour got blamed for an international financial crash in 2008 by the Tories.
Well they made sure there was 50% less in the gold reserve "insurance policy" shortly before which didn`t help much.
Gold: Gordon Brown's sale remains controversial 20 years on
Two decades after the UK chancellor sold huge gold reserves, people still can't decide if it was a good idea.www.bbc.co.uk
Well they made sure there was 50% less in the gold reserve "insurance policy" shortly before which didn`t help much.
Gold: Gordon Brown's sale remains controversial 20 years on
Two decades after the UK chancellor sold huge gold reserves, people still can't decide if it was a good idea.www.bbc.co.uk
But that could have been prevented in some way, this virus can’t and I do think a lot of companies will use this as an excuse to reduce their workforce,Well Labour got blamed for an international financial crash in 2008 by the Tories.
It doesn't make much difference one way or the other considering the values involved. It wouldn't even cover July's Govt borrowing or may just exceed it depending on which Gold price you use to compare.
Nice squirrel though.
What would have happened to people who had savings held in a bank that failed? Or people who are not taxpayers (children's accounts for example) who lost money?My solution to the banking crisis was far different and a bit radical, even Socialist!!
The government should have let the markets sort the banks out, some fail some don`t.
Then give every taxpayer a lump sum of £20k.
Some would save it, re-liquify the banks.
Some would buy a car, go on holiday etc, help the economy.
Some would wazz it up the wall, help the economy.
And others would do a bit of both.
Get this pseudo-socialist.
But that could have been prevented in some way, this virus can’t and I do think a lot of companies will use this as an excuse to reduce their workforce,
I suppose we could say it must be a Chinese version started this virus so we could blame the Tories. ?
Wasn’t it the Lehman brothers that started the banking crisis?How could Labour have prevented financial collapse in the international banking system and in other countries?
On that basis, you're right in blaming the Tories as they didn't stop Chinese people eating Pangolins and Bats in their wet markets.
Wasn’t it the Lehman brothers that started the banking crisis?
Something they were doing in overpricing mortgages or something along those lines I think.Iirc, most banks were involved in one way or another but Lehman Brothers was one of the 1st to collapse.
Wasnt it 3m unemployed under the Thatcher governments of the 80s ? ....or is my memory having a bad day?At one time the unemployment figures were announced every month. Now we see a percentage announced. Are we over 3million out of work and is it approaching the terrible figures last witnessed in the 1930s?
The whole jobs market has changed and there are now many more in the 'gig' economy or on zero hours contracts than back in the 80s. That's not necessarily a bad thing and for many people, it suits them. However, I assume this means they wouldn't be deemed unemployed in stats even though their work is quite fluid.Wasnt it 3m unemployed under the Thatcher governments of the 80s ? ....or is my memory having a bad day?
What would have happened to people who had savings held in a bank that failed? Or people who are not taxpayers (children's accounts for example) who lost money?