how bad is the credit crunch???uk

[sofa----king]

just wondering how bad is it in the uk at the momment???/.
in the papers here in cyprus .,,it makes out the uk is in deep,.,deep.,.,chit???
views please,..,.will it get worse before it gets better???
are you affected???././etc./,/,.

[Robert HM]

We're in deep crap, keep sunning yourself.

[thetank]

My brother in law's some sort of joiner and the firm he works for just laid off half the staff today.

He survived the axe but said it was pretty brutal like, grown men in tears and all sorts.

[StuartHopkin]

Was a joke about 3 months ago.

The government put an end to that.

They have now started to make it worse, everything they plan on doing is going to ensure that this gets a lot worse.

2.5% reduction in VAT, makes no difference to the public, or 75% of businesses.

Costs the government billions.

National Insurance is going up, makes everyone poorer.

GG Gordon
GG Alistair

Things are gonna get V bad.

[Bongo]

A friend of mine has recently started his own business and is on the flat-rate VAT scheme. The changes in VAT means he's out of pocket already. Seems a good way to help small businesses and get people spending

[TightEnd]

It is going to be horrific. Depression not recession.

and the government forecasts it will be over in 2099. Just lollolololol

read all 3 million pages of my blog for more

[gatso]

It is going to be horrific. Depression not recession.

and the government forecasts it will be over in 2099. Just lollolololol

read all 3 million pages of my blog for more

is 2099 a typo or is this gonna really drag on?

[TightEnd]

typo

governemnt thinks it will end in 2009

2019 is closer

[TheChipPrince]

Is save save save as much advice as anyone needs?

[da_poker_monkey]

Save what?? - i'm boned 

[Tonji]

typo

governemnt thinks it will end in 2009

2019 is closer

  

[Acidmouse]

National Insurance is going up, makes everyone poorer.

Not correct..

The changes mean that someone earning £40,040 or more will pay £3,803.80 a year in National Insurance next year, compared to £3,260.40 this year - an increase of £543.40. Those earning below £35,100 will pay marginally less than this year.

Personally anyone earning over 35k can take the increase hit

[Jon MW]

... Depression not recession.

...

Depends what definition you use - but I would have thought you're being a bit on the pessimistic side.

[Jon MW]

My brother in law's some sort of joiner and the firm he works for just laid off half the staff today.
...

My sister and her husband both work for Woolworths - they're somewhat concerned at the moment.

[tikay]

My brother in law's some sort of joiner and the firm he works for just laid off half the staff today.
...

My sister and her husband both work for Woolworths - they're somewhat concerned at the moment.

My sympathies to them both, Woolworths will probably (just about) survive until the Xmas Season ends, then it'll all go tits up.

And of course, Woolworths Management will blame the Credit Crunch, the Government, the Weather, this, that, & the other, as will every other failing business.

In the case of Woolies, of course, they have nobody to blame except their incredibly incompetent Board of Directors, & Senior Management - it's a text-book case of how not to run a business.

The Freeholds to most of the Stores were sold years ago, so now 90% af all net profit goes to pay shop rents. Which is a bit awkward if they do not make profits. And they don't.