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Thread: Recessesion

  1. #1
    Respected Member cheesewiz's Avatar
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    Recessesion

    This is my first experienced of so called recession in the UK. In Phils everyday is a recessesion so its like normal to me My Filipino mates seems not affected too bec we always compare our life in the Phils and here and still we're quite okay here.

    Many of my Brits colleagues complaining all the time that life is getting harder and harder. Some of them winding us up saying that UK will be a third world country or we're in a wrong place bec UK will be bankrupt soon.

    I hope things will be better again for the good of everyone.


  2. #2
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    There is no credit crunch

    There is no credit crunch it has been constrived - a scare tactic - press have invented this - the company I work for has had a rise of 108% since january this year - and I love my job


  3. #3
    Moderator joebloggs's Avatar
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    Quote Originally Posted by Adobo View Post
    There is no credit crunch it has been constrived - a scare tactic - press have invented this - the company I work for has had a rise of 108% since january this year - and I love my job
    what do they do, debt collecting ? , debt advisors?



  4. #4
    Administrator KeithD's Avatar
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    Quote Originally Posted by Adobo View Post
    There is no credit crunch it has been constrived - a scare tactic - press have invented this - the company I work for has had a rise of 108% since january this year - and I love my job
    Explain that to the 10,000's that will be out of work over the next few months, I'm sure they'll agree

    Don't tell me you work for a bookmaker, as I'll soon reduce that 108% for you
    Keith - Administrator


  5. #5
    Respected Member benb's Avatar
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    Unhappy Its time to face reality and pay our debts

    Quote Originally Posted by Adobo View Post
    There is no credit crunch it has been constrived - a scare tactic - press have invented this - the company I work for has had a rise of 108% since january this year - and I love my job
    There are always winners and losers.

    Its time to face reality and pay our debts. Recession is probably the solution to those who have been greedy and created this economic mess. Unlucky for those who fell into the same trap of gambling on investments based on debt. I'm one of them too.

    The good news is that many have realised this and have cut back on spending, saving for the future, paying off debts etc. The bad news is plenty of job losses, bankruptcies to come. - The big losers.

    Cheers


  6. #6
    Respected Member Sconnie's Avatar
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    Quote Originally Posted by Adobo View Post
    There is no credit crunch it has been constrived - a scare tactic - press have invented this - the company I work for has had a rise of 108% since january this year - and I love my job
    A rise comes before a fall.
    JOHN and VANESSA


  7. #7
    Respected Member jimeve's Avatar
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    Quote Originally Posted by Adobo View Post
    There is no credit crunch it has been constrived - a scare tactic - press have invented this - the company I work for has had a rise of 108% since january this year - and I love my job
    Which planet are you from, my wife lost her job 4 months ago, and my work is down by 90%. sat here at home waiting for calls.


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    Respected Member Jay&Zobel's Avatar
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  9. #9
    Respected Member Jay&Zobel's Avatar
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    Don’t Join The Recession!


  10. #10
    Administrator KeithD's Avatar
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    MFI - Gone
    Woolworths - Gone

    About 25,000+ possibly out of work!
    Keith - Administrator


  11. #11
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    Quote Originally Posted by Adobo View Post
    There is no credit crunch it has been constrived - a scare tactic - press have invented this
    Utter rubbish.


  12. #12
    andypaul's Avatar
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    Quote Originally Posted by Adobo View Post
    There is no credit crunch it has been constrived - a scare tactic - press have invented this - the company I work for has had a rise of 108% since january this year - and I love my job
    Well this is a credit crunch as that means credit for many different sectors has dried up from countries and banks to the person in the street.

    If there isn't im sure many people on here would ask you to broker loans for them of varying sizes.

    Can you tell me if the loans and mortage market in the UK is the same as last year and the year before?

    The press and others were a bit late in mentioning it was happening.

    So what is your job?

    Many companies i know had good takings some that joe mentioned and those at the lower end of the market or those companies thought of as more value for money are doing ok. But Woolworths were thought of lower end of the market and Value for money and look at them

    Many retail comapnies are reporting brisk trade problem is they are selling at lower costs and their costs have gone up.


  13. #13
    Respected Member flomike's Avatar
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    I am one of those thousands of people might loose the job we don't know yet what will happen at work before Christmas but rumors already spreading that a few people will be laid off. We are just small company with a total of 50 , we're on waiting game right now. It is very quite at work its like busy days just gone.

    We have this xmas raffle at work every year, 50p/square (just pur your name on it) but nobody putting their names since its was posted 2 weeks ago bec everyone is worried.


  14. #14
    Moderator joebloggs's Avatar
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    the last company i worked for went bust 5months ago, looking back, i was lucky we went bust then, as i found another job the same week, i don't think i would be so lucky now, not many companies will be taking on new staff now


  15. #15
    Respected Member Jay&Zobel's Avatar
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    Quote Originally Posted by flomike View Post
    I am one of those thousands of people might loose the job we don't know yet what will happen at work before Christmas but rumors already spreading that a few people will be laid off. We are just small company with a total of 50 , we're on waiting game right now. It is very quite at work its like busy days just gone.

    We have this xmas raffle at work every year, 50p/square (just pur your name on it) but nobody putting their names since its was posted 2 weeks ago bec everyone is worried.


    i pray not...

    what was the company who was about to lay off thousands of employess but then the labour union stepped in & they decided to have their pays be lessened just to keep the other employees who will be made redundant?


  16. #16
    andypaul's Avatar
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    Quote Originally Posted by Jay&Zobel View Post
    i pray not...

    what was the company who was about to lay off thousands of employess but then the labour union stepped in & they decided to have their pays be lessened just to keep the other employees who will be made redundant?
    JCB but i belive fom what i read it may not be enough in the long term


  17. #17
    Respected Member Jay&Zobel's Avatar
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    Quote Originally Posted by andypaul View Post
    JCB but i belive fom what i read it may not be enough in the long term

    thanks...

    but still a good act...

    but still sad


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