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Financial chaos ?
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Originally posted by DimPrawn View PostExecutive summary please.
HTHHard Brexit now!
#prayfornodealComment
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"At least 10,000 jobs could be lost in the next 3 months", doesn't look too rosy! Hope they're not all contractors.
Though the statement "at least 1 job could be lost in the next 3 months" could be seen to be just as credible a prediction.
http://news.bbc.co.uk/1/hi/business/7321948.stm
At least 10,000 jobs could be lost in the UK's financial services industry during the next three months, according to a forecast by the CBI.
The employers' organisation's quarterly survey of the sector found that most companies thought the credit squeeze would get worse in the next six months.
CBI chief economist Ian McCafferty said: "This is a very serious crisis."
The report predicts that the UK will avoid outright recession, but says that finance jobs are already being cut.
City fears jobs losses
Conditions in the financial sector - which includes banks, building societies and insurance companies - have not improved since the credit crunch began six months ago, Mr McCafferty said.
"Some have suggested it's the worst financial crisis since the Second World War," he added.
"I think one of the key characteristics is that it will go on for quite some time to come."
The financial crisis, which began after banks made huge losses on investments backed by US mortgages, has caused chaos on US and global markets.Feist - 1234. One camera, one take, no editing. Superb. How they did it
Feist - I Feel It All
Feist - The Bad In Each Other (Later With Jools Holland)Comment
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Originally posted by DimPrawn View PostExecutive summary please.
You've read it already...Older and ...well, just older!!Comment
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Originally posted by ratewhore View PostJust another article with the same underlying story.
You've read it already...It's about time I changed this sig...Comment
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So we can look foreward to the following in the next 2-3 years?
Interest rate for savers 0%
Interest rate for borrowers 9%
Real inflation rate 7%
House price inflation -25%
No point saving, no point borrowing and buying falling assets.
May as well spend spend spend and enjoy.Comment
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Originally posted by DimPrawn View PostMay as well spend spend spend and enjoy.Hard Brexit now!
#prayfornodealComment
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