not bothered about the credit crunch?

[GingerWizard]

Personally its effected me very little. So my out goings have been higher and i have have had less disposible cash at the end of the month, but other then that it has effected me and my wife very little. We are never going to be put out of work as we both work for the government in their biggest growth areas (You can have a guess if you like) and generally we are just using this time to pick up some bargins, cheap cars, holidays, cheaper clothes etc etc.

This is not a gloat but anyothers out there in the same situation? If anything i am just being made to feel depressed about it all (the economy/finicial institutions etc) when i have little to be depressed about.

GingerWizard

[okgo]

Eventually, it effects everyone. Domino motherfker ect.

[Simpo Two]

It's all down to circumstance, just like it was the last time in 1990. If you live within your means, no problem. But if you live close to the edge of solvency and lose your job, or have to move house, then it can go very wrong very quickly. And as people spend less, your employer will be looking to make savings, or if you're self-employed, work will dry up or you'll have to cut prices, so you earn less, so you spend less, so...

[Wacky Racer]

OK, I know this is the Pie&Piston but there seems to be more threads about the flaming credit crunch than everything else put together....

Like anything else there are going to be some winners and some losers, but I suspect the winners are in the minority......

[roofer]

Govt's school building programme has injected a 1/4 of our yearly target last month, plus we have Decent Homes work secured until 2012, so no effect at all. Fuel costs are down (£250,000 cost last year) Material costs are static so things are looking good. We took 15 site managers/liason officers on last month, and boosting QS division this month. We have put all new build on stop, but rolled staff onto refurb works.

I was with the same Co during the last recession, no real affect then neither.

[Simpo Two]

roofer said:

Govt's school building programme has injected a 1/4 of our yearly target last month

That's good for you, but it's not real money is it? It's borrowed and eventually we'll all be paying it back.

[HarryW]

GingerWizard said:

... We are never going to be put out of work as we both work for the government in their biggest growth areas (You can have a guess if you like)
.....
GingerWizard

Spin perhaps................never say never btw

[shadowninja]

My sister works for a local authority. Some people were "restructured" out of jobs this week.

[roofer]

Simpo Two said:

roofer said:

Govt's school building programme has injected a 1/4 of our yearly target last month

That's good for you, but it's not real money is it? It's borrowed and eventually we'll all be paying it back.

It 25 million of real money through our bank over the next year, probably more. That keeps nearly a 1000 people employed (Subbie and direct) So, take them off the dole and get some tax revenue off them, X's it by the other companies doing the same, and at the end you get a decent place for your kids to be educated, is it all bad?

Boris wants to build 50,000 homes in the next few years, allowing for usal politician waffle, that will probably be 20,000 in reality, how many people do you think that will take from the welfare state?

Yes, taxes will pay for it, but at least you can see where the money has gone, unlike the NHS.

[MonkeyHanger]

roofer said:

Boris wants to build 50,000 homes in the next few years, allowing for usal politician waffle, that will probably be 20,000 in reality, how many people do you think that will take from the welfare state?

Not as many as it should, because like the Olympic projects a good slice of the Labour will be non-UK.

[roofer]

MonkeyHanger said:

roofer said:

Boris wants to build 50,000 homes in the next few years, allowing for usal politician waffle, that will probably be 20,000 in reality, how many people do you think that will take from the welfare state?

Not as many as it should, because like the Olympic projects a good slice of the Labour will be non-UK.

But still otherwise drawing dole? The fact that an East European can have as much as twice the output of a UK worker will always see them employed,you cannot get UK youngsters into construction because they are wimps. I've broke at least 20 over the last few years after a day, its frustrating, and thats putting it mildly!

[Mr Whippy]

GingerWizard said:

We are never going to be put out of work...

Never say never...

[s3fella]

A colleague was telling me back in Sept that he wont be affected as he has a low mortgage (£30k), bought his house 15 years ago, and a good fairly secure job, so he reckons he is a low risk of being affected (seems reasonable..?)

Today he was telling me that his single female next door neighbour, who does not have a car and used to walk to her local job, returning to her three bed terraced house with not parking (same as his and he is single too) has lost her job and cannot afford her mortgage, so is moving in with her BF 10 miles away to look for work...At the weekend he met his new neighbours who are a family with two young kids, 3 cars (includiung what he described as a 3/4 built K reg Sierra!) who are renting the house off her, having had their house repossessed....!

He says they seemed quite pleasant, but he could hear the commotion as the kids explored their new home duing the viewing and as a single guy, he's not looking forward to the loss of his status quo.

As I listened to him tell me his woes, said, "huh, you must think I'm a right txxt for saying I'd not be affected only 2 months ago.......!

Truth is, most of us will be affected in some way by this crappy situation, even if we think we are at low risk!

Edited by s3fella on Friday 21st November 00:40

[GingerWizard]

Mr Whippy said:

GingerWizard said:

We are never going to be put out of work...

Never say never...

agreed dont want to tempt fate, my wife is a teacher and i work for civil service, so its pretty unlikely......

[Mr Whippy]

GingerWizard said:

Mr Whippy said:

GingerWizard said:

We are never going to be put out of work...

Never say never...

agreed dont want to tempt fate, my wife is a teacher and i work for civil service, so its pretty unlikely......

Problem with that is, lots of people lose jobs, even when there is no credit cruch or recession.

I think that the problem is, if you DO lose your job just for the 'normal' kinda reasons that people often do, then at this time it's a great deal harder to find a new job!


So being more likely losing it due to the recession/credit cruch may not effect you, but the chances of loosing a job generally are still there... and re-employment will be damn tough, and effect you that way...


Ultimately, no one is safe. Just get your head down, work hard, see to be working hard and wanting to better yourself and the business you work for, and minimise the chances of just job loss generally (imho)



Dave

[Catz]

I'm actually thinking of starting a business right now ... chucking in the public sector job and going it alone.

Could be mad, most likely, but sod it!
One life etc ...

[Murray993]

GingerWizard said:

my wife is a teacher and i work for civil service

in itself that's bad enough, likely you excused from the credit crunch. on the grounds of boredom

[mybrainhurts]

GingerWizard said:

effected me very little

Affected...

Carry on....

[ZR1cliff]

My works slowed down a little. We'll be alright if we keep spending, but, within our means. We also need to learn to go without a few luxuries to pay back our debts. Going out of our way to buy british might help too. Well that's what I'm concentrating on anyway so don't panic Mr Manwaring.

[ManicMushroom]

nope not really affected me, resently bought a motorbike, xbox 360, big TV to play the xbox on, can afford my insurance, petrol, tax (ok its 15 quid a year but still) and still have money to spare.