More than 1m jobs to go in UK

[Mr Gently Benevolent]

More than 1m jobs to go in UK

By Brian Groom and Nicholas Timmins of ft.com (http://www.ft.com/cms/s/0/8de3f98a-1277-11de-b816-0000779fd2ac.html)

Published: March 16 2009 23:37 | Last updated: March 16 2009 23:37

More than a million British workers will lose their jobs over the next two years as the recession takes an unexpected turn, hitting the north and Midlands as badly as the south, a leading economic forecaster has warned.

The West Midlands, Wales and the north of England could take more than a decade to recover from job losses that are forecast to rival those in London, according to Oxford Economics, the consultancy.

Click for full unemployment graphic (http://www.ft.com/cms/a71ffd7a-1283-11de-b816-0000779fd2ac.jpg)

Fresh unemployment figures due to be published on Wednesday are expected to show a widespread rise in UK joblessness during the three months to January, taking the national total above 2m.

However, as industrial output has fallen, the rising toll of job losses has confounded forecasts that the south, where the financial services sector is concentrated, would bear the brunt of the economic downturn.

As recently as last autumn policymakers were claiming to spot two silver linings amid the gloom: a potential “rebalancing” of the economy, with more wealth generated from manufacturing and less from financial services; and a chance for lagging regions to close the gap with London and the south-east.
Industrial production, however, is falling faster than at any time since 1981, while financial services have so far escaped lightly. Unemployment has risen fastest in the West Midlands, north of England and Wales. London gained 33,000 jobs in last year’s final quarter.

Pretty grim outlook for manufacturing in the mid and north west shires of England though I was expecting to Scotland lose a lot more jobs but the lower average wage seems to have helped retain employment for now.

[Britboy]

Ah great, put this together with a lot of resentment towards the 'I'm alright with my taxpayer-paid pension jack' bankers and that summer of rioting bollocks the Police flagged up might actually become a reality...

Meant to be graduating in a year and a bit too. What a time to be looking to enter the workforce!

[AlfredoTP]

Ah great, put this together with a lot of resentment towards the 'I'm alright with my taxpayer-paid pension jack' bankers and that summer of rioting bollocks the Police flagged up might actually become a reality...

Meant to be graduating in a year and a bit too. What a time to be looking to enter the workforce!

Yeah, I agree! You seem pretty much screwed! (But keep the heads up, you might find something more or less related to your fields.)

[Rudolph]

Ja, my SAfricans friends say they don't wanna hire them anymore. I'm thinking many of them are gonna come back.... I don't blame them, I would also choose a local rather than a visitor during trying times.

[a_very_ex_STAB]

As usual throughout history the north and midlands of England have to carry the can for the economic, managerial and political incompetence of the London/Southern 'establishment' :roll:

Everything changes but everything stays the same.

[Flagg]

Additional 1 million job losses in next 2 years is the very low end and very optomistic figure I'm afraid.

My guess is a minimum of 2 million and up to 4 million additional unemployed.

Which would put unemployment at approx. 12-13% best case, 18%+ worst case :(

UK will be the worst hit English speaking 1st world nation.

[a_very_ex_STAB]

Additional 1 million job losses in next 2 years is the very low end and very optomistic figure I'm afraid.

My guess is a minimum of 2 million and up to 4 million additional unemployed.

Which would put unemployment at approx. 12-13% best case, 18%+ worst case :(

UK will be the worst hit English speaking 1st world nation.

It was really sh1t where I lived in what was probably the poorest area of England in the late '70s / early '80s recession (and what is probably still the poorest now). Looks like we're back to that and quite possibly worse. It's enough to make me start listening to punk rock again :)

[Lazy Lob]

Meanwhile Brown is still faffing about using tax payer money to remain in power. His redistribution socialist ideology is going to fvck us up so badly it makes my sphincter pucker.

[a_very_ex_STAB]

Meanwhile Brown is still faffing about using tax payer money to remain in power. His redistribution socialist ideology is going to fvck us up so badly it makes my sphincter pucker.

I wonder what NuLiabour will do when they realize that they have squeezed the last pip out of those of us who run businesses? Print even more money to keep paying themselves I suppose. Should be fun

[Flagg]

Meanwhile Brown is still faffing about using tax payer money to remain in power. His redistribution socialist ideology is going to fvck us up so badly it makes my sphincter pucker.

And no North Sea Oil $$$ to save his dangerously incompetent @ss......

the death spiral of the fake FIRE(finance, insurance,real estate) economy is going to be incredibly destructive to the UK.

[MG 3]

I was planning to go to UK for my masters but from what Im hearing from my friends its more likely i'll be investing that money in a business venture here.

[a_very_ex_STAB]

And no North Sea Oil $$$ to save his dangerously incompetent @ss......

the death spiral of the fake FIRE(finance, insurance,real estate) economy is going to be incredibly destructive to the UK.

Personally I don't think economies that are heavily reliant on commodities such as Australia will be much better off in the long run either. It's a big sh1t sandwich and everyone except those actually responsible is going to have to take a bite.

[Britboy]

Yeah, I agree! You seem pretty much screwed! (But keep the heads up, you might find something more or less related to your fields.)

Well its meant to be a ~15 months till I graduate.

Am wanting to delay getting a proper job for another 11 months after that tho, 11 months is the time it takes you to mobilise, train, do an op tour and demobilise with the TA.

After then, who knows? Another uni course, paid for by tour money? Move overseas? The girlfriend is keen on going abroad and TBH, sounds pretty good to me too, much as I would miss my country.

So don't worry, am not tearing my hair out just yet p-)

Problem with idea of moving abroad though is that economy may have gone down the sh1tter just about everywhere... but at least other countries won't have suffered from having Brown in charge.

[Mr Gently Benevolent]

It was really sh1t where I lived in what was probably the poorest area of England in the late '70s / early '80s recession (and what is probably still the poorest now). Looks like we're back to that and quite possibly worse. It's enough to make me start listening to punk rock again :)Shame there is no Lord Tebbit telling you all to get on your bike, I can still see the snot flying from my Dad when he heard him saying that.

[Thom]

As usual throughout history the north and midlands of England have to carry the can for the economic, managerial and political incompetence of the London/Southern 'establishment' :roll:

Everything changes but everything stays the same.

There's plenty of places in the south that feel the crisis too, the south west for instance.

[a_very_ex_STAB]

There's plenty of places in the south that feel the crisis too, the south west for instance.

Yeah I know for 'Southern' in my previous post read 'South East'

[a_very_ex_STAB]

Shame there is no Lord Tebbit telling you all to get on your bike, I can still see the snot flying from my Dad when he heard him saying that.

We'll probably all end up walking miles every day to get to a soup kitchen like my grandfathers on Tyneside and Teesside had to do in the 1930s. There's something to look forward to :roll:

I bet Gordon Brown and the Labour 'nomenklatura' won't have to though.

[Tokamak]

Great! more good news for my area.

[panzer007]

Well this time round (I recall the 70s/80s) I can see a very parallel path top the 30s inc the rise of National groups over those that have for the past few decades brough outside forces in.
Personally ALL Bank Managments/Politicians should be arrested & rounded up,all possessions reprosessed & distributed to the people.
Then we have a good ole Bonfire with the Bankers & Politicians being thrown into the flames.
Not really going to solve much But damn would feel good to get those responsible for the dire straits we`re in/heading deeper into.

[Lazy Lob]

Well this time round (I recall the 70s/80s) I can see a very parallel path top the 30s inc the rise of National groups over those that have for the past few decades brough outside forces in.
Personally ALL Bank Managments/Politicians should be arrested & rounded up,all possessions reprosessed & distributed to the people.
Then we have a good ole Bonfire with the Bankers & Politicians being thrown into the flames.
Not really going to solve much But damn would feel good to get those responsible for the dire straits we`re in/heading deeper into.

Yeah baby, I'm there with me demi jar of scrumpy dancing around the fire in my thongs and flip-flops. Light the baby up. woot


PS I'm not joking.

[Mr Gently Benevolent]

You can tell how serious they are about the future of the economy when the likes of Stephen Hester attended one of the life or death meetings on RBS's future dressed as if he had just got back from a days shooting.
70541
you can just imagine this smug git humming Wiley's - Money In My Pocket every morning on the way to work.

[a_very_ex_STAB]

You can tell how serious they are about the future of the economy when the likes of Stephen Hester attended one of the life or death meetings on RBS's future dressed as if he had just got back from a days shooting.
70541
you can just imagine this smug git humming Wiley's - Money In My Pocket every morning on the way to work.

Well we have RBS and the septics have AIG!

Great innit

[PUG]

...you can just imagine this smug git humming Wiley's - Money In My Pocket every morning on the way to work.

Hahaha what the hell. You are surely too old to make that reference?

[Mr Gently Benevolent]

Hahaha what the hell. You are surely too old to make that reference?Nah even at 41 I stay current on the tunes.:)

[PUG]

Nah even at 41 I stay current on the tunes.:)

Wickedy wack ma brutha.

[a_very_ex_STAB]

Nah even at 41 I stay current on the tunes.:)


It get's harder at 45 believe me :-)

[California Joe]

Unless you have teenage kids. Then it's forced upon you.

Of course, right now my 13 year old son is going through a Led Zepplin phase...

[a_very_ex_STAB]

Unless you have teenage kids. Then it's forced upon you.

Of course, right now my 13 year old son is going through a Led Zepplin phase...

Led Zep I could cope with.

Actually I find what teenagers listen to today to be incredibly bland compared to the stuff I grew up with. God that makes me sound so old!

Gangsta rappers what a load of pussies :-) sans their guns they wouldn't last 5 minutes in your average English market town on a Friday or Saturday night :)

[sepheronx]

Led Zep I could cope with.

Actually I find what teenagers listen to today to be incredibly bland compared to the stuff I grew up with. God that makes me sound so old!

Gangsta rappers what a load of pussies :-) sans their guns they wouldn't last 5 minutes in your average English market town on a Friday or Saturday night :)

Lol, I was blessed growing up listening to Blue Oyster cult, Iron maiden, Queen and other band groups my parents listened too when they where growing up. I cannot even stand the music that most people my generation listen to (RAP? more like crap).

But 1mill jobs? Damn, and I thought people in Ontario had it really bad during the economic downturn........ I hope for the best to our British Friends.

[a_very_ex_STAB]

But 1mill jobs? Damn, and I thought people in Ontario had it really bad during the economic downturn........ I hope for the best to our British Friends.

Well of course you have to look at it in relation to the whole UK population which is a lot more than Canada but the unemployment figures certainly look as they are going to go into territory that we have been in before and survived (in the late 1970s). TBH I can't remember a time during my 45 years when the UK hasn't been in some kind of economic mess so I don't really see a need to panic despite the media hysteria. I'm going to have a nice cup of tea.

I'd say the prospects look relatively rosy for Canada low population/good energy resources etc.

In some ways I find the current situation in the UK rather cynically amusing. The other day some moron from the Gov was on the media bullsh1tting about improving the economy through science and technology. Seeing as the British establishment has systematically wrecked manufacturing industry and science and technology (and science education) in favour of financial services etc here over the last 30 years and discouraged people from going into science I can't see that working for at least another 3 decades :roll: - but that's what you get when the country is basically run by Oxford and Cambridge arts graduates.

[Drew21]

Well its meant to be a ~15 months till I graduate.

Am wanting to delay getting a proper job for another 11 months after that tho, 11 months is the time it takes you to mobilise, train, do an op tour and demobilise with the TA.

After then, who knows? Another uni course, paid for by tour money? Move overseas? The girlfriend is keen on going abroad and TBH, sounds pretty good to me too, much as I would miss my country.

So don't worry, am not tearing my hair out just yet p-)

Problem with idea of moving abroad though is that economy may have gone down the sh1tter just about everywhere... but at least other countries won't have suffered from having Brown in charge.

I graduated with a Masters in the Summer, thought it would be best to work abroad, got a job in Copenhagen and a month before moving out was told that they were freezing their recruitment, and the position would be made available to me when "the economic situation improves".
Now I'm on the dole with barely a pot to piss in!
Stay at university, Students are the only people in the world that moan about having no money but can afford to go out and get pissed every night! Lucky ba****ds!!!

[Mr Gently Benevolent]

In some ways I find the current situation in the UK rather cynically amusing. The other day some moron from the Gov was on the media bullsh1tting about improving the economy through science and technology. Seeing as the British establishment has systematically wrecked manufacturing industry and science and technology (and science education) in favour of financial services etc here over the last 30 years and discouraged people from going into science I can't see that working for at least another 3 decades :roll: - but that's what you get when the country is basically run by Oxford and Cambridge arts graduates.Yeah they shut down all the National Engeering Labs in the 80's,punted the Defence Research Agency and cut funding for Uni research projects now we have Labour and the Tories harping on about how they going fund inovation.

[philbob]

Yeah they shut down all the National Engeering Labs down in the 80's,punted the Defence Research Agency and cut funding for Uni research projects now we have Labour and the Tories harping on about how they going fund inovation.

sounds like how america will be in a few years. dont worry we will have pleanty of artisan cheese and wines, just no jobs

[a_very_ex_STAB]

Yeah they shut down all the National Engeering Labs down in the 80's,punted the Defence Research Agency and cut funding for Uni research projects now we have Labour and the Tories harping on about how they going fund inovation.

Yup I'm a science grad and my father is a retired physicist. Before he retired he was despairing about the way things were going and he's been proved completely right. All those British scientists who did stick at science but moved abroad to where they would actually be appreciated won't be coming back any time soon and who could blame them.

[philbob]

Yup I'm a science grad and my father is a retired physicist. Before he retired he was despairing about the way things were going and he's been proved completely right. All those British scientists who did stick at science but moved abroad to where they would actually be appreciated won't be coming back any time soon and who could blame them.


on the plus side India and China have a healthy respect for science p-)

[a_very_ex_STAB]

on the plus side India and China have a healthy respect for science p-)

As do Germany and France. In the UK successive governments (Conservative and Labour) have consistently failed to promote and capitalize on scientific research and development. A lack of understanding of financial services didn't stop them boosting the City of London and the service economy so I can't really work out why their collective lack of understanding of science and technology was a barrier to them promoting the latter as well.

[philbob]

its not glamorus maybe?

[Britboy]

Lol, I was blessed growing up listening to Blue Oyster cult, Iron maiden, Queen and other band groups my parents listened too when they where growing up. I cannot even stand the music that most people my generation listen to (RAP? more like crap).

But 1mill jobs? Damn, and I thought people in Ontario had it really bad during the economic downturn........ I hope for the best to our British Friends.

REM and Pink Floyd FTMFW!

Cheers Dad :D

[Britboy]

Well of course you have to look at it in relation to the whole UK population which is a lot more than Canada but the unemployment figures certainly look as they are going to go into territory that we have been in before and survived (in the late 1970s). TBH I can't remember a time during my 45 years when the UK hasn't been in some kind of economic mess so I don't really see a need to panic despite the media hysteria. I'm going to have a nice cup of tea.

I'd say the prospects look relatively rosy for Canada low population/good energy resources etc.

In some ways I find the current situation in the UK rather cynically amusing. The other day some moron from the Gov was on the media bullsh1tting about improving the economy through science and technology. Seeing as the British establishment has systematically wrecked manufacturing industry and science and technology (and science education) in favour of financial services etc here over the last 30 years and discouraged people from going into science I can't see that working for at least another 3 decades :roll: - but that's what you get when the country is basically run by Oxford and Cambridge arts graduates.#

My bold. I approve this course of action. It usually helps out when I am in a bit of a kerfuffle or crisis. Far better to chill, figure out the problem and think through it over a brew rather than walk around all 'O NOES!!'

[ayanami_tard]

in some obvious field(like finance,accountancy,actuary,other desk-related jobs),maybe

but how about other field(agriculture,SME,engineering...)

in my country the government are encouraging fresh graduates to jumps into agriculture and SME instead of hoping to get a job from government/government-related companies

[Eoin666]

Meant to be graduating in a year and a bit too. What a time to be looking to enter the workforce!

Depends what you graduate in mate really, I left school in 1986 straight into a crap hole of no jobs anywhere, the time of YTS schemes and £25 a week for 40 hrs......great. One of the main reasons I went off and joined the RAF. Now there's an idea for you!!! :)




Yup I'm a science grad and my father is a retired physicist. Before he retired he was despairing about the way things were going and he's been proved completely right. All those British scientists who did stick at science but moved abroad to where they would actually be appreciated won't be coming back any time soon and who could blame them.

Science, engineering, technology isn't valued in this country, never has been (except in those great Victorian days). If you're an solicitor, b(w)anker, insurance broker even estate agent, you seem to get some sort of kudos for doing what exactly, yet the people who make differences get nothing in return.

That's partly what I'm taking my neuroscience PhD, my wife's science degree and masters degree in nursing, somewhere abroad.

[Britboy]

Depends what you graduate in mate really, I left school in 1986 straight into a crap hole of no jobs anywhere, the time of YTS schemes and £25 a week for 40 hrs......great. One of the main reasons I went off and joined the RAF. Now there's an idea for you!!! :)






Well I've worn dark blue fulltime for a bit, and green part time, but light blue?

Wouldn't go with my eyes mate :p

Although I expect if one wants to make a full career out of it, the crabs probably aint a bad choice. Not that the Army or RN isn't too, but after 22yrs of that you must be pretty burnt out, whereas the RAF lifestyle seems more... sustainable... Especially joining a bit older and not as a single man.

Am going to try and get myself a regular job, forces again fulltime is a good idea tho.

[Eoin666]

Well I've worn dark blue fulltime for a bit, and green part time, but light blue?

Wouldn't go with my eyes mate :p

Although I expect if one wants to make a full career out of it, the crabs probably aint a bad choice. Not that the Army or RN isn't too, but after 22yrs of that you must be pretty burnt out, whereas the RAF lifestyle seems more... sustainable... Especially joining a bit older and not as a single man.

Am going to try and get myself a regular job, forces again fulltime is a good idea tho.

Ah, you're a mature student then?, forgive my lecturing you about sucking eggs then :)

Actually I was all set up to join the Navy as an eng articifer and can remember agonising over the fact I might have to wear bell bottom trousers.

Good luck with the jobs mate. My research contract runs out in June, there doesn't seem to be any pharm' industry jobs going in my field here in the UK. There seems to be loads of med/science sales type jobs, but I dunno that's just glorified salesman to me, not really why i did a PhD. Think that's why we're seriously looking abroad.