National News How many unemployed in the UK?

Peterdev

Well-known member
Joined
17 Dec 2017
Messages
1,943
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?
 

bazzer9461

Well-known member
Joined
6 Dec 2017
Messages
13,924
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.
 

horseman

Well-known member
Joined
12 Dec 2017
Messages
1,780
Whatever the numbers the department should train their staff much better and not let them treat those who find themselves out of work like something on the bottom of their shoe.
On top of this we have allowed a society to grow where you can see money in your bank account every 2 weeks or Month for just sitting on your arris.

As recent Months have also shown there are those that will exploit this also.
 

Marked Ox

Well-known member
Joined
6 Dec 2017
Messages
16,693
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. :)
 
  • Haha
Reactions: m

Peterdev

Well-known member
Joined
17 Dec 2017
Messages
1,943
There’s always the blame game with the main parties. It’s true Gordon Brown sold off gold reserves cheap, and its true that a note was left for the new chancellor apologising for the fact that no money was left in the kitty for him.
I hope Rishi has kept that note...he might need it in 2024.
i still remember back in 1970 Labour getting the blame at the polls for unemployment rising. It was a shame for Harold Wilson the unemployment statistics were released a couple of days before the 1970 election
 

Essexyellows

Well-known member
Joined
7 Dec 2017
Messages
5,967

m

Well-known member
Joined
8 Dec 2017
Messages
2,726

Marked Ox

Well-known member
Joined
6 Dec 2017
Messages
16,693
Well they made sure there was 50% less in the gold reserve "insurance policy" shortly before which didn`t help much.
:)

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. :)
 

bazzer9461

Well-known member
Joined
6 Dec 2017
Messages
13,924
Well Labour got blamed for an international financial crash in 2008 by the Tories. :)
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. ?
 

HKYellow

Active member
Joined
8 Dec 2017
Messages
395
The fear is, not only just the UK, but Globally, the effect is only starting to bite. Sectors with major impact:

Airlines
Bricks and Mortar Retail
Real Estate
Finance

Are just some of the areas. But I do think decentralisation will happen. If a employee can work for home and doesnt need to be in a major city, they could relocate to an lower cost area.

A colleague of mine as already agreed to take a 30% pay cut and relocate from London to Cornwall and WFH.
 

Essexyellows

Well-known member
Joined
7 Dec 2017
Messages
5,967
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. :)

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.
 

ZeroTheHero

Well-known member
Joined
7 Dec 2017
Messages
5,022
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.
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?
 

Marked Ox

Well-known member
Joined
6 Dec 2017
Messages
16,693
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. ?

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. :D
 

bazzer9461

Well-known member
Joined
6 Dec 2017
Messages
13,924
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. :D
Wasn’t it the Lehman brothers that started the banking crisis?
 

bazzer9461

Well-known member
Joined
6 Dec 2017
Messages
13,924
Iirc, most banks were involved in one way or another but Lehman Brothers was one of the 1st to collapse.
Something they were doing in overpricing mortgages or something along those lines I think.
 

Sarge

God like member
Joined
6 Dec 2017
Messages
30,629
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?
Wasnt it 3m unemployed under the Thatcher governments of the 80s ? ....or is my memory having a bad day?
 

Wallop

Well-known member
Joined
31 Jul 2018
Messages
2,257
Wasnt it 3m unemployed under the Thatcher governments of the 80s ? ....or is my memory having a bad day?
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.
 

Essexyellows

Well-known member
Joined
7 Dec 2017
Messages
5,967
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?

Sadly, when businesses fail people get knocked.
They would have been creditors of the banks and in the queue.
Some of the good banks would have been taken over by the larger ones and able to honour their accounts.
Other banks would have regained sufficient liquidity from peoples investment.
 
Thread starter Similar threads Forum Replies Date
Essexyellows In the news 21

Similar threads


Top Bottom