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Speaking to Newsnight he said 100,000 people will lose their job each month "at least until the end of the year".
He warned we face a "lost generation" of young people if the government fails to invest in the future.
The state of the UK jobmarket doesn't in itself actually have much of an impact on the Dow. The main reason for the drop was the latest release of jobless figures that were pretty grim.
Of course, the fact that Cheyney opened his trap again may have something to do with it - I wonder which bit of "your team lost the election" he doesn't understand?
Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? - Epicurus
Don't be lulled into a false sense of security. This is just the eye of the storm.
What is coming is the realisation by external countries that the Emperor has no clothes - Britain is bust.
"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
The pound is doing well - how do you know it's going to collapse
Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
What was there in the S&P statement that was news??? All they were doing was stating what everyone knows anyway.
Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? - Epicurus
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