Are you worried.....?

Question

that there will be a recession and you will loose your job/home, or do you think it is 'idle' talk?

Thanks interesting answers, especially from those who work in the public sector.
There seems to be an assumption that no matter what happens in the private sector the services they provide will always be funded.
But with all types of work going overseas from call centres, banking, finance and manufacturing how are we going to earn enough money as a country to pay for the police, nurses, council employees? WE can't rely on the 10% paid by a few private equity investors and the tax from big city bonuses. We can't keep borrowing at current rates either. It is wrong to see high street spending as the cause for increased interest rates. It is the £billoins of government borrowing to fund services that is pushing up rates.
If you stop taking on debt, the loss of VAT revenues will cause the government to borrow more or reschedule payments. Money lenders are like sharks circling for the kill. They make money come rain or shine you collect the tab.

Answer 1

I am still looking for a job (and still getting no replies or knock backs) I live in London, cant afford to move and I am currently on minimum wage (about 9K a year) and dream of a better job which pays bills (as oppose to my overdraft paying bills) please dont say this!

Answer 2

It's never a good thing if the bank rate keeps going up but, as Dave s says, inflation is also a factor and at the moment it is relatively low. However high taxes reduce peoples' disposable incomes so there is less money to spend. This is not good for the High Street, so jobs can be affectedd.

Answer 3

There is no true peace and security in the world we live in.
anything is possible, all of what we have and know around us, can go up in a puff of smoke in a manner of speaking.

We would do well to not take anything for granted....but to be prepared if something should happen that would cause us to be put into a different situation.

Nothing beats failure except a plan!

Answer 4

No I havnt worried about that. However I work for the local authority and hubby the police, so our jobs are pretty secure. The house, luckily mortgage is low as I bought it a long time ago.

Answer 5

Im another one who works for Local Government, but our jobs are not as safe as they once were. Good mortgage deals out there though.

I moved out of London, still commute a couple of days a week, best thing I ever did.

You get loads more for your money and its a nicer environment.

Answer 6

I like Babysham also work for Local Authority so my job is pretty safe, good mortgage deals are out there so im not too worried.

Answer 7

If there is a recession I can do nothing about it so I don't worry

Answer 8

i have no idea but yingyong doo's answer made me laugh so much!! how very random!

Answer 9

not particularly worried no - it will be ok - positive thinking and start saving ;-)

Answer 10

dont hav a job, im only a kid. but generally, its idle talk