UK Economy

[Benicio del Toney]

I think it's as easy as you make it.

If those are your priorities and you start on a child early then it will happen.

[Sinister]

'good upbringing and education' easier said then done

How is it hard?

[Benicio del Toney]

John Doe, watch this.

http://www.channel4.com/programmes/too-poor-for-posh-school/4od#3069711

I did barl at the end, it's all about your standards.

[Sinister]

Unemployment set to rise in 2012, suggests CIPD

Unemployment will rise further in 2012, peaking at 2.85m in 2013 from 2.64m currently, says the Chartered Institute of Personnel and Development.

The human resources industry body warns the private sector will fail to offset the 120,000 job losses in the public sector in 2012, but it sees no sign of widespread private sector redundancies.

The jobless rate is expected to hit 8.8% in 2012, from 8.3% most recently.

Government policy should help youth and long-term joblessness, the CIPD said.

"As long as there is a relatively benign outcome to the eurozone crisis we expect the 2012 jobs recession to be milder than that suffered in 2008-9," said John Philpott, chief economic adviser at the CIPD.

"But unemployment in the coming year will be rising from a much higher starting point, so the UK jobs market in 2012 will be weaker than at any time since the recession of the early 1990s."

In response, a spokeswoman for the Department for Work and Pensions said: "There has obviously been an unwelcome increase in unemployment since the summer but the latest unemployment figures show some signs that the labour market is stabilising.

"The number of people in employment is higher than last month's published figure, and the number of unemployed people is steadying."

She added that "the increase in those claiming Jobseeker's Allowance has slowed and our welfare reforms are having a positive impact, with overall benefit claimant numbers falling by around 40,000 in the last 18 months."

However, shadow work and pensions minister Ian Austin said it was "crystal clear that this government is failing to get people off benefits and into work".

"With unemployment continuing to rise, the benefits bill is going up too - and that's making the deficit harder to bring down."

http://www.bbc.co.uk/news/business-16342072

[Kurtis]

news this afternoon said 2012 is gonna be a tough year economically

fucked

[MARVELL]

CNN and fox said the world is ending so it may not be all that bad.

a film needs to be made that takes the world ending plot of melancholia

like armageddon but this time its THE END.

that will be the title of the film too... The ENd

oh shit im on to a winner here.........brb...

[djbmc]

until eurozone sorts its shit out we're fucked basically. also all this tit for tat bickering between us and the french is pointless, i also get really wound up when ppl try and mention the war every time germany is brought up, fuck off with that nonsense.

[Sinister]

1 in 4 25-34 Year Olds Claiming Bankruptcy

Debt experts are warning people not to delay seeking help if Christmas has tipped them into unmanageable debt.

The Insolvency Service of England and Wales is highlighting the difficult financial situation facing some young people.

It says more are turning to a new form of bankruptcy called a Debt Relief Order (DRO) to protect themselves from their creditors.

A quarter of the 44,000 who have taken them out since 2009 are aged 25-34.

The figures demonstrate the growing burden of debt among young families, money advice organisations say.

"[The young generation] faces a future of higher debts and fewer assets than older generations," said Una Farrell from the Consumer Credit Counselling Service.

Growing numbers are seeking protection with DROs, designed for those who have debts of less than £15,000, who don't own their own home and have less than £300 in savings or other assets.

The DRO is a cheaper process than bankruptcy for those in England and Wales and doesn't involve going to court.

DROs are also available in Northern Ireland, with the same conditions for qualifying, although you are also allowed to own a car up to the value of £1,000 in addition to having less than £300 in assets.

They are not available in Scotland, where bankruptcy and insolvencies are handled by the Accountant in Bankruptcy.

Charities say that, on the positive side, the DRO figures show that people are doing something about their financial problems.

"By the time people come to us for help with getting out of their debt problems, they have often been through a year of stress, worry and struggling to repay," Teresa Perchard from Citizens Advice told BBC News.

"These are only provided for people who have no way of being able to afford to repay their debts and it is helping them to make a fresh start," she added.

People with DROs have to declare them when applying for loans for the next six years. That will affect their credit rating and, therefore, their ability to borrow. Experts warn not to consider them an easy way out.

"A DRO can help people to address their debt problems and start again with a different attitude to credit and debt," said Stephen Speed, chief executive of the Insolvency Service.

The Christmas holiday is one of the times in which people are most likely to get into financial trouble as spending rockets and some families turn to high cost payday lenders, who offer short-term loans at very high interest rates.

Debt management companies are expecting a surge of calls for assistance once the New Year celebrations are over.

The main advice services are urging people to seek help sooner rather than later and avoid taking out high-interest loans, which will only make their situation worse.

[MARVELL]

of course this doesnt mean that the middle class is shrinking.

because some people are popping champagne in di clubs

[TF S4DK]

debts of less than £15,000, who don't own their own home and have less than £300 in savings or other assets.

They was never middle class you d*ckhead

[MARVELL]

ur so dumb....talking as if the middle class just falls from the sky.

the cycle of people MOVING into the middle class is slowing down

the fact that so many people under 35 are riddled with debts means they have less chances of owning their home,

and moving into the middle class, even if they are from middle class families.owning a home doesnt make you middle class either, its the size of home. the area etc...the parents of these kids in such high debt, and even in general were not riddled with so much debt and high inflation as there is today

[TF S4DK]

So you've changed your argument to people moving into the middle class from middle class shrinking now? Lol

Do you really think a middle class family of the last 20+ years can not afford to fund their childres lives and help them onto the housing market, this is what a lot if these Essex families for example all do.

and like I said the criteria used in that arricale really doesnt apply to any middle class, seriously.

[Kurtis]

1 in 4 25-34 Year Olds Claiming Bankruptcy

Debt experts are warning people not to delay seeking help if Christmas has tipped them into unmanageable debt.

The Insolvency Service of England and Wales is highlighting the difficult financial situation facing some young people.

It says more are turning to a new form of bankruptcy called a Debt Relief Order (DRO) to protect themselves from their creditors.

A quarter of the 44,000 who have taken them out since 2009 are aged 25-34.

The figures demonstrate the growing burden of debt among young families, money advice organisations say.

"[The young generation] faces a future of higher debts and fewer assets than older generations," said Una Farrell from the Consumer Credit Counselling Service.

Growing numbers are seeking protection with DROs, designed for those who have debts of less than £15,000, who don't own their own home and have less than £300 in savings or other assets.

The DRO is a cheaper process than bankruptcy for those in England and Wales and doesn't involve going to court.

DROs are also available in Northern Ireland, with the same conditions for qualifying, although you are also allowed to own a car up to the value of £1,000 in addition to having less than £300 in assets.

They are not available in Scotland, where bankruptcy and insolvencies are handled by the Accountant in Bankruptcy.

Charities say that, on the positive side, the DRO figures show that people are doing something about their financial problems.

"By the time people come to us for help with getting out of their debt problems, they have often been through a year of stress, worry and struggling to repay," Teresa Perchard from Citizens Advice told BBC News.

"These are only provided for people who have no way of being able to afford to repay their debts and it is helping them to make a fresh start," she added.

People with DROs have to declare them when applying for loans for the next six years. That will affect their credit rating and, therefore, their ability to borrow. Experts warn not to consider them an easy way out.

"A DRO can help people to address their debt problems and start again with a different attitude to credit and debt," said Stephen Speed, chief executive of the Insolvency Service.

The Christmas holiday is one of the times in which people are most likely to get into financial trouble as spending rockets and some families turn to high cost payday lenders, who offer short-term loans at very high interest rates.

Debt management companies are expecting a surge of calls for assistance once the New Year celebrations are over.

The main advice services are urging people to seek help sooner rather than later and avoid taking out high-interest loans, which will only make their situation worse.

that title is abit misleading

[MARVELL]

middle class shrinking means that whatever factors create the middle class and allow it to continue

its why im saying you clearly dont know what ur talking about. im not changing any statement

this article is one example. lol@ it not affecting any middle class person

like my friend's brother... typical middle class, but is in about £35k debt and just turned 32

i dont watch Towie sorry. what days does it come on so i can take note?

not even gonna discuss this no more.

[Guest M12 Part 2]

marvell you're embarrassing yourself and Dave I thought that as well

[MARVELL]

your media loves to talk about every else. the US has seen a huge shrink, as has France, and Germany.

countries with stronger economies, but the UK is an island so the same laws dont apply innit.

[Guest Chelsea Jack]

fuck a normal 9-5, struggling like a bitch all ur life to pay a mortgage like some any indentured servant

chap n get fondz from di scormz

fuck a recession

[TF S4DK]

middle class shrinking means that whatever factors create the middle class and allow it to continue

its why im saying you clearly dont know what ur talking about. im not changing any statement

this article is one example. lol@ it not affecting any middle class person

like my friend's brother... typical middle class, but is in about £35k debt and just turned 32

i dont watch Towie sorry. what days does it come on so i can take note?

not even gonna discuss this no more.

Do you think the global recession is going to wipe out generations of middle class people? Because it will need to do that to shrink.

Anyway I've come to the conclusion your a scaremonger anyway, says dumb shit to act like he's some kinda oracle "black caribbeans will fade away" "the middle class is shrinking" FUCK OFF YOU DUMB NEGATIVE c*nt.

Nothing wrong with debt as long as its managed and i have no idea what the debt is on.

It ain't about watching TOWIE, do you really think a middle class family doesn't have fucking savings and can't resrict their spending to do what they truly want, I know a women who is a fucking barmaid who paid her son's mortgage deposit.

Yet I can see you've already post again a post later...

[MARVELL]

i came back bcos ur the fucking dumb c*nt who hasnt produced any real evidence. just like you never do

just a huff of hot air to people who arent bothered to check anything out for themselves

and you continue to prove your stupidity everytime you post.

a simple check (if you weren't already aware of the reality from real life) on the net could do you some good

i mean just based on your last statement alone:

Many middle class Germans are seeing their pay frozen or cut while the cost of living continues to rise

On the face of it, Germans ought to be among the most satisfied people in the world

It is true that the economy has slowed down, but it is still going to grow at nearly 3% this year, enough to turn many finance ministers green with envy.

And Germany remains one of the most equal countries on the planet, right up in the top 10 when it comes to the gap in incomes between top and bottom.

Shrinking middle class

And the middle class is being squeezed. On the best reckoning, about 62% of the population could be described as middle class in 2000, but that had shrunk to 54% by 2006, even before the financial collapse and recession. It may well have fallen to around 50% by now.

Germans have shorter hours of work than Britain or the US (or Greece). German unemployment (at 6%) is lower than most Western countries including Britain, France and the US.

http://www.bbc.co.uk...europe-15618743

and from TUC website.

Managers and senior officials (Numbers unemployed March '08):30290, (Numbers Unemployed March 09:) 81475 (170% increase)

Professional occupations  (Numbers unemployed March '08):20315, (Numbers Unemployed March 09:)50750 (150% increase)

Associate professionals   (Numbers unemployed March '08):45270,  (Numbers Unemployed March 09:)97175 (115%increase)

The TUC commissioned the economic consultants, Oxford Economics, to test the impact

of holding the middle wage share steady at its 2001 level. They reported the share had dropped from its 56.2 % rate from 2001 to 49.3% in 2009useless d*ckhead

[MARVELL]

i came back bcos ur the fucking dumb c*nt who hasnt produced any real evidence. just like you never do

just a huff of hot air to people who arent bothered to check anything out for themselves

and you continue to prove your stupidity everytime you post.

a simple check (if you weren't already aware of the reality from real life) on the net could do you some good

i mean just based on your last statement alone:

Many middle class Germans are seeing their pay frozen or cut while the cost of living continues to rise

On the face of it, Germans ought to be among the most satisfied people in the world

It is true that the economy has slowed down, but it is still going to grow at nearly 3% this year, enough to turn many finance ministers green with envy.

And Germany remains one of the most equal countries on the planet, right up in the top 10 when it comes to the gap in incomes between top and bottom.

Shrinking middle class

And the middle class is being squeezed. On the best reckoning, about 62% of the population could be described as middle class in 2000, but that had shrunk to 54% by 2006, even before the financial collapse and recession. It may well have fallen to around 50% by now.

Germans have shorter hours of work than Britain or the US (or Greece). German unemployment (at 6%) is lower than most Western countries including Britain, France and the US.

http://www.bbc.co.uk...europe-15618743

and from TUC website.

Managers and senior officials (Numbers unemployed March '08):30290, (Numbers Unemployed March 09:) 81475 (170% increase)

Professional occupations  (Numbers unemployed March '08):20315, (Numbers Unemployed March 09:)50750 (150% increase)

Associate professionals   (Numbers unemployed March '08):45270,  (Numbers Unemployed March 09:)97175 (115%increase)

The TUC commissioned the economic consultants, Oxford Economics, to test the impact

of holding the middle wage share steady at its 2001 level. They reported the share had dropped from its 56.2 % rate from 2001 to 49.3% in 2009useless d*ckhead

[MARVELL]

i came back bcos ur the fucking dumb c*nt who hasnt produced any real evidence. just like you never do

just a huff of hot air to people who arent bothered to check anything out for themselves

and you continue to prove your stupidity everytime you post.

a simple check (if you weren't already aware of the reality from real life) on the net could do you some good

i mean just based on your last statement alone:

Many middle class Germans are seeing their pay frozen or cut while the cost of living continues to rise

On the face of it, Germans ought to be among the most satisfied people in the world

It is true that the economy has slowed down, but it is still going to grow at nearly 3% this year, enough to turn many finance ministers green with envy.

And Germany remains one of the most equal countries on the planet, right up in the top 10 when it comes to the gap in incomes between top and bottom.

Shrinking middle class

And the middle class is being squeezed. On the best reckoning, about 62% of the population could be described as middle class in 2000, but that had shrunk to 54% by 2006, even before the financial collapse and recession. It may well have fallen to around 50% by now.

Germans have shorter hours of work than Britain or the US (or Greece). German unemployment (at 6%) is lower than most Western countries including Britain, France and the US.

http://www.bbc.co.uk...europe-15618743

and from TUC website.

Managers and senior officials (Numbers unemployed March '08):30290, (Numbers Unemployed March 09:) 81475 (170% increase)

Professional occupations  (Numbers unemployed March '08):20315, (Numbers Unemployed March 09:)50750 (150% increase)

Associate professionals   (Numbers unemployed March '08):45270,  (Numbers Unemployed March 09:)97175 (115%increase)

The TUC commissioned the economic consultants, Oxford Economics, to test the impact

of holding the middle wage share steady at its 2001 level. They reported the share had dropped from its 56.2 % rate from 2001 to 49.3% in 2009useless d*ckhead

[Guest phonecharger]

bruv my mamma need a house, i need a range

what the hell iam i gonna do?

chap................. chap

chapforfounds

[Guest phonecharger]

bruv my mamma need a house, i need a range

what the hell iam i gonna do?

chap................. chap

chapforfounds

[Guest phonecharger]

bruv my mamma need a house, i need a range

what the hell iam i gonna do?

chap................. chap

chapforfounds

[TF S4DK]

Did you really just send me a link to what going on in Germany? Fuck off I ain't German. I'm talking about here and you send me a link to Germany, lmao.