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The Economy

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The government and media are starting to talk about the green shoots of economic growth.
Job figures show more people in work, although I'm not sure that overall the figures make good reading especially to those taking these jobs as I suspect most jobs being created are low paid and part time.
From our side the level of work and enquiries in our business is increasing to the extent we are taking on new staff (full time and proper wages).
But are we moving into a boom and bust cycle. The finance sections are itching for interest rates to increase and there is talk on a cap on house price rises (5% which would still far outstrip inflation and wage rises).
interest rate hike scares the crap out of us, we still struggling, although things are not as bad as two years ago.
we still stuck on interest only mortgage and at mo intrest hike would be very bad.
job wise I have just changed jobs and had to take a 2000 pa pay cut.
so for the normal working guy no things not on the up.
We are experiencing an economic correction from the recession. Salaries and lending are going to be less than they were before otherwise we would be in the same position again. It is no comfort to ordinary working people who had stability and comfort when the economy was over inflated to find that overall salaries are now squeezed and they are expected to do more, for less. We are in in a global market and so in competition with other countries who may not have the same costs as here in the UK.
Quote by jools_fun
interest rate hike scares the crap out of us, we still struggling, although things are not as bad as two years ago.
we still stuck on interest only mortgage and at mo intrest hike would be very bad.
job wise I have just changed jobs and had to take a 2000 pa pay cut.
so for the normal working guy no things not on the up.

bit odd to take a job for less money fun unless your saving else where of course,
things will pick up but it will be a while, however someone did say to me once if your earning a living then your not in recession wink
and as for the interest rates then i think you have a while before any hikes
Quote by Lizaleanrob
[bit odd to take a job for less money fun unless your saving else where of course,

Perhaps we're not meant to be on here, we're far too polite . . . . might have thought that but would never have raised it with someone we didn't know.
Quote by Gerty35

just to clarify it wasn,t meant to be rude or insulting or a wind up as flower puts it rolleyes
i do have a habit or writing what im thinking but no malice was ment by it
The Gov. has carefully calculated how to make it appear that the economy is on the up, it will continue to improve right until the next election, May 2015, letting the Tory Party claim to have handled the economy well. If they get elected again (hopefully not) then they will clamp back down on wages rises etc.
John
Quote by flower411

Pmsl !! Rob doesn't care about polite lol
There are so many reasons that somebody might take a pay cut that the comment is clearly a deliberate attempt to wind somebody up! :lol:
nice try
but I'm more than happy to leave the nursery games to you and your mate kenty wink
Quote by flower411

Pmsl !! Rob doesn't care about polite lol
There are so many reasons that somebody might take a pay cut that the comment is clearly a deliberate attempt to wind somebody up! :lol:
nice try
but I'm more than happy to leave the nursery games to you and your mate kenty wink
So what did you mean by the comment ?
Didn't seem at all odd to me !
it was my assumption that the job was changed in favour of a lesser paid job flower which would seem like an odd thing to do given the circumstances explained
there wasn't any malice in the comment maybe just wrongly worded or just what your looking for in the comment ??
and let me just add Joolsfun if i have offended you please accept my apology as it was not intended to be the case
Quote by flower411
So what did you mean by the comment ?
Didn't seem at all odd to me !

Suspect the same as my "unwritten" thoughts, obviously a story behind it but perhaps one that didn't need airing on a public forum.
Quote by flower411
So what did you mean by the comment ?
Didn't seem at all odd to me !

Suspect the same as my "unwritten" thoughts, obviously a story behind it but perhaps one that didn't need airing on a public forum.
Exactly !
Someone made a comment about taking a cut in pay and didn't elaborate .
Somebody else suggested that it was an odd thing to do without having a single clue as to why the pay cut had been taken !
I didn't find it odd at all ! Because I have no idea why it was done and I'm prepared to take the statement at face value without making anybody feel they have to explain themselves by saying that it was odd !
i will leave you to your very deliberate mood as seen also in the other thread rolleyes as I'm sure labouring your deliberate point could be just as damaging!! (now there's a thought)
id rather you just pressed the little yellow triangle if you feel outraged as i really wont get pulled in and rather it be an issue for the mods to sort out wink
ok don't worry folks, no offence taken. let me explain and shed somelight.
took new job that has far more prospects than old one. previous job was a dead end.
looking at the bigger picture with new job that if I work hard the outcome will be better than working my nuts off elsewhere for a bunch of mo fo's who treated me like shit.
sometimes there is more to a job than money.
Quote by jools_fun
ok don't worry folks, no offence taken. let me explain and shed somelight.
took new job that has far more prospects than old one. previous job was a dead end.
looking at the bigger picture with new job that if I work hard the outcome will be better than working my nuts off elsewhere for a bunch of mo fo's who treated me like shit.
sometimes there is more to a job than money.

and good luck to you
Interesting that Vince Cable is today warning of boom and bust driven by house price inflation and the bankers.
Quote by Jools
sometimes there is more to a job than money.

:thumbup:
Quote by jools_fun
ok don't worry folks, no offence taken. let me explain and shed somelight.
took new job that has far more prospects than old one. previous job was a dead end.
looking at the bigger picture with new job that if I work hard the outcome will be better than working my nuts off elsewhere for a bunch of mo fo's who treated me like shit.
sometimes there is more to a job than money.

good for you fun and i wish you all the best :thumbup:
thanks all :-D
Many people take pay cuts at some point in their lives.
so the co-op bank is o.k. and rbs is on the up. banks did'nt really close in cyprus for 3 weeks and they did'nt really steal depositors money/savings. must be down to goldman-sachs carney from canada, he's put the economy straight in 3 months and king was fibbing.
must be a disconnect of the british economy from the world economic crisis and other world economies and the eurozone (our largest market) are really on the up.
sounds like weapons of mass deception to me otherwise known as bullshit !
Quote by gulsonroad30664
so the co-op bank is o.k. and rbs is on the up. banks did'nt really close in cyprus for 3 weeks and they did'nt really steal depositors money/savings. must be down to goldman-sachs carney from canada, he's put the economy straight in 3 months and king was fibbing.
must be a disconnect of the british economy from the world economic crisis and other world economies and the eurozone (our largest market) are really on the up.
sounds like weapons of mass deception to me otherwise known as bullshit !

So tell me Gulson, how is the Co Op bank OK and how is RBS deemed to be on the up?
Quote by Max777
so the co-op bank is o.k. and rbs is on the up. banks did'nt really close in cyprus for 3 weeks and they did'nt really steal depositors money/savings. must be down to goldman-sachs carney from canada, he's put the economy straight in 3 months and king was fibbing.
must be a disconnect of the british economy from the world economic crisis and other world economies and the eurozone (our largest market) are really on the up.
sounds like weapons of mass deception to me otherwise known as bullshit !

So tell me Gulson, how is the Co Op bank OK and how is RBS deemed to be on the up?
still not very good at this but not sure that was a serious comment.
As the shoots of recovery start to show you can bet the bankers will start talking everything up, markets react and some bugger makes a lot of money . . . at someone elses expense (usually us).
Quote by Gerty35
so the co-op bank is o.k. and rbs is on the up. banks did'nt really close in cyprus for 3 weeks and they did'nt really steal depositors money/savings. must be down to goldman-sachs carney from canada, he's put the economy straight in 3 months and king was fibbing.
must be a disconnect of the british economy from the world economic crisis and other world economies and the eurozone (our largest market) are really on the up.
sounds like weapons of mass deception to me otherwise known as bullshit !

So tell me Gulson, how is the Co Op bank OK and how is RBS deemed to be on the up?
still not very good at this but not sure that was a serious comment.
As the shoots of recovery start to show you can bet the bankers will start talking everything up, markets react and some bugger makes a lot of money . . . at someone elses expense (usually us).
Read some of Gulson's posts then you may understand my question
The markets have been remarkably resilient for some time now.