By: ag

ag — Mon, 10 Nov 2008 21:51:15 +0000

UK govt & BoE was lazy to solve issues in UK. The 1.5% cut was needed back in August as Nothern Rock rocked and B&B started showing soar eye. They waited far too long to get the things going. Now banks refuse to give loans to employed let only unemployed. My bank even refused the mortgage leave that they were suppose to offer as part of the mortgage deal. Both PM & BoE kept the public unaware of the issues and the depth of the problem. They say 2 million is out of job - well my real estimation will be 9-10 million as UK govt has no idea about problems

By: I A

I A — Mon, 10 Nov 2008 21:16:50 +0000

Recession and job losses are a result of free market. We are now a service country and wealthy is only created by Manufacturing. We employed 250 in manufacturing , now only 100 left and we are just surviving and its only a matter of time when the entire manufacturing will disappear. Its still not too late to introduce a duty on all imports and revive our manufacturing also a levy £1.per garment to bring by Air which is contributing to Air polution.
Alan Greenspan has also admitted that free market was a mistake. All our wealth has been transfered to Middle East in high Oil cost and all manufacturing cost to China and India. I cannot forsee any new jobs being created and it is nonsense to fund retraing , retraing in what field and where are the jobs.We have to start manufacturing and the Economy will immediately revive in 6 months and people will start paying taxes and national insurance and start spending and the housing market will improve.

Comments on: Job crunch Britain: how have you been affected?

By: ag

By: I A