Woolworth's

[jaysay]

A mate of mine bought an advent calendar at Woolies yesterday, all the windows were boarded up

[cashman]

Originally Posted by flashy

dear uncle cashy, please read again what i wrote lol it was BLACKBURN, its indoors

i knew flashy, shows how long it was since i was in blackburn woolies, it used to be outside on the corner.

[Mick]

Its obvious most people are not reading the sign in woolies windows properly yes it does say 50% off but in the top right or top left had corner it says "UP TO" this is what you need to read

most just see the 50% off and go rushing in

And yes i do pity all the staff having to work under the knowledge they wont have a job soon

[cashman]

heard last night that next sats the end of the line,

[andrewb]

Originally Posted by garinda

In the short term.

All very well being a service industry country, instead of a manufacturing one, until it becomes cheaper for those services to be supplied elsewhere.

Except most of our service sector isn't supplied better elsewhere. You're right though, our economy should be diverse.

Gayle makes a very good point. Credit should be used by business to finance cash flow problems, not cash shortages as it is often used by individuals. When credit is unavailable businesses can and will collapse. That's why it's so important to get credit moving again.

Banks have been allowed to lend, lend, lend, and have built up huge amounts of private debt. The government have spent 7 years borrowing more, more, more. That created a boom, now we have a bust. The governments solution to private sector over borrowing is public sector over borrowing. I don't subscribe to it. Japan did the same in the 90's and it took them over a decade to get out of it. Government borrowing £157bn is going to make our recession longer and deeper, due to far higher taxes in years to come.

What you do about it is a tricky question. My common sense says we need to live within our means, and realise we can't sustain spending in the way that many are accustomed to, as it is simply fuelled by debt. Sustaining what we're accustomed to, by government borrowing hundreds of billions of pounds, is in my opinion wrong. The government should be there to help its citizens yes, but at the same time it has to realise that the economy needs to go back to a sustainable level, so should be careful in the method used to help.

[cashman]

don't think he said "better elsewhere! just supplied elsewhere.,as fer if its right or wrong this coarse i am not n economist i do not know. other goverments seem to follow this lead though, time will tell.

[andrewb]

Sorry yes he did say supplied elsewhere, what I meant was because it was often not better, I think there will be a decline, for example call centers located elsewhere are not very popular with customers, with companies actively advertising that they use UK call centers. Additionally with the value of the pound dropping, it becomes more expensive to outsource these things.

[flashy]

i know two girls who work in the Accy store, they dont even think they are going to get paid this month

[polly]

My answer to the credit crunch would be to stop paying benefits to people who could be working .....................or rather stop paying benefits to people who are not prepared to work for their money.
Businesses of all sizes could expand more easily if they did not have to pay 100% of newly created jobs, so use the benefits that are already being claimed as a baseline wage and let employers, who create new jobs, to top up these benefits to a full wage. This way money that is being spent is spent more wisely, those that want to work get jobs and extra earning and companies get an opportunity to grow.pf course the benefits part of the wage would have to be limited, 6 months sounds reasonable

[andrewb]

Originally Posted by polly

My answer to the credit crunch would be to stop paying benefits to people who could be working .....................or rather stop paying benefits to people who are not prepared to work for their money.
Businesses of all sizes could expand more easily if they did not have to pay 100% of newly created jobs, so use the benefits that are already being claimed as a baseline wage and let employers, who create new jobs, to top up these benefits to a full wage. This way money that is being spent is spent more wisely, those that want to work get jobs and extra earning and companies get an opportunity to grow.pf course the benefits part of the wage would have to be limited, 6 months sounds reasonable

Fantastic idea Polly. Stimulus without borrowing.

[MargaretR]

I suspect that some unscrupulous employers would lay people off, then take some back on again with a subsidised wage

[cmonstanley]

Originally Posted by jaysay

There was nothing politically correct about Thatcherism and but for Thatcherism this country would a sunk without trace, you forget that we were the sick man of Europe in 1979, when Denis Heally got told to go home and put his own house in order when he went cap in hand to the IMF to bail the Callaghan Government out. I'm not saying that everything Thatcher did was right, but she turn this country round from an hopeless bankrupt into a world economic power again

no she never she destroyed community spirit,social well being,the manufacturing industry in this country,sold off the family jewels for a quick buck for her cronies,destroyed what infrastructure we had left in this country and we are reaping the consequences now.......may i go on.whats happening now is what ive been telling people for years..la viva the revolution

[lancsdave]

Originally Posted by polly

My answer to the credit crunch would be to stop paying benefits to people who could be working .....................or rather stop paying benefits to people who are not prepared to work for their money.

Maybe they should make it more viable to work and feel some benefit from it. As we found out recently you are actually better off out of work than in work. Personal pride stops us going down that route but it's ridicolous.

[Neil]

Originally Posted by cmonstanley

no she never she destroyed community spirit,social well being,the manufacturing industry in this country,sold off the family jewels for a quick buck for her cronies,destroyed what infrastructure we had left in this country and we are reaping the consequences now.......may i go on.whats happening now is what ive been telling people for years..la viva the revolution

All that may be true but she left No10 a long time ago now. No one has been in a rush to undo her mistakes have they?

[cashman]

Originally Posted by Neil

All that may be true but she left No10 a long time ago now. No one has been in a rush to undo her mistakes have they?

yer right neil, the problem wi that though is she suckered the nation into a change of mentality, thus the reason socialism died, n new labour was born as the only electable labour party. so its a virtually impossible task.