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[spursmatt99] 26/12/2008 19:11

=5000? This is bad. twice as bad as we had feared.

[westcoastrich] 26/12/2008 19:10

2500 joining the dole every day

[westcoastrich] 25/12/2008 08:36

2500 joining the dole every day

[westcoastrich] 03/12/2008 08:36

Leading UK fertility expert Professor Brian Lieberman has warned of an increased risk of fertility problems as more couples delay starting a family due to the credit crunch.

[prudence broon] 03/12/2008 08:34

It is the media, there is no boom and bust, it's all in your mind!

[westcoastrich] 03/12/2008 08:07

UK to suffer 'severe' recession

The UK economy is likely to go into a deep recession next year
The Organisation for Economic Co-operation and Development (OECD) has warned of a "severe" economic downturn in the UK in 2009.


.............


one MP says its the Media which caused this downturn not gordons dirty sticky brown digits

[westcoastrich] 02/12/2008 22:47

Three steps to save jobs
Nationalise to stop closures | 35 hour week with no pay cut | Build council houses

The threat of redundancy is hanging over the head of millions of workers as the economic slump deepens. Every day seems to bring new announcements of huge job losses at factories, shops and offices around the country.

Gordon Brown and New Labour throw their hands up in dismay at the news – but say there is nothing they can do to stop people being thrown out of work.

They are resigned to an ever increasing number of people being made unemployed, further depressing an economy that is already sinking into recession.

But there are immediate steps that we could take to halt the bonfire of jobs.


Companies planning to axe jobs or cut working hours should be taken into public hands and run in the interest of the workers and wider society. This could save hundreds of thousands of jobs.

It is testament to the madness of capitalism that whenever the system plunges into crisis, millions are thrown out of their work and their vital skills are wasted.

Just because bosses and banks can't make enough profits from Woolworths doesn't mean that people don't need children's clothes and household essentials.

Car workers being laid off at Jaguar, Ford and Aston Martin have skills that could be used to create the next generation of public transport vehicles.

Manufacturing workers could be retrained and factories retooled to produce the wind turbines and other green energy sources we need to tackle climate change.

British workers in full-time employment work an average of 39.5 hours a week. If this was reduced to a 35-hour week with no loss of pay, it would cut the working week by 4.5 hours and create 2.3 million new jobs.

There are also five million workers working an average of seven hours unpaid overtime every week, according to TUC figures. If those hours became paid work done by other people, it would create a further one million jobs.

The economic crisis has led to thousands of construction workers being sacked. We could employ them to build a new generation of council housing.

This wouldn't just create jobs – it would provide decent, affordable homes for hundreds of thousands of ordinary people currently living in expensive, overcrowded and substandard accommodation.


These three simple steps are just the first that could be taken to save millions of people's livelihoods.

They would also help shore up workers' living standards and prevent the slump from spreading even further.

But workers cannot simply beg the government to implement these measures. These policies all break radically with the free market dogma that New Labour has followed throughout its existence.

It will take a massive struggle by ordinary people to ensure that it is the bosses and their system that are swept away by the economic hurricane – rather than our own livelihoods.

[westcoastrich] 01/12/2008 21:29

UK----------------------> toilet

Sterling plunges against dollar

The pound has been battered by fears of a prolonged recession in the UK
Sterling has fallen sharply against the dollar as yet more bad economic data points towards a prolonged recession and further interest rate cuts.

The pound was down 5.2 cents to $1.486, its largest one day fall in percentage terms since sterling crashed out of the Exchange Rate Mechanism (ERM) in 1992.