Reply to: Is the recession only in the US?

[Doggy Styles]

Since this thread started we've had two members lose contracts in Germany and one in Belgium.

It sounds like a cold wind is sweeping across Europe...

[ace00]

... History in the last 100 years has been pretty boring....
:

Yeah, dull as dish water. 1908 - 2008 <Yawn>...

[Francko]

However it looks like is just a matter of time until this recession fully hits the rest of eurozone. History in the last 100 years has been pretty boring.

It first happens in the US, then in the UK, then in the rest of Europe and then in the rest of the world.

You can apply this to all aspects of life.

Threaded time-machine is useless. You just go to the US and then come back and you know how everything will be...

[Doggy Styles]

"pound has dropped in value by a large percentage"

So what. How does this affect the daily life of Joe public who lives and works in the UK.

It's fecking up Gordon Brown's attempts to borrow and provide all those handouts he's promised over the past few days.

[expat]

- pound has dropped in value by a large percentage
So what. How does this affect the daily life of Joe public who lives and works in the UK.
-- again the island mentality. Unfortunately, you don't live in an island economy, you need to import goods. Goods that will make your life much more expensive and reduce your income.

Especially from being in the EU but not using the Euro.

The UK needs to be either in or out: either would be good. Being subject to EU rules and especially agriculture policy while having a different currency and different habits (e.g. a propensity to import from outside the EU) is bound to be costly. The net effect is rather like being told that you can eat French lamb or New Zealand lamb, but you will pay French farmers for their lamb regardless of your choice.

[sasguru]

Unilever.... BAT.... Current Client....


Edit: I'm not saying that Europe (inc UK) is not in a mess. I'm just saying that I cannot see any evidence of it yet in terms of everyday life.

I'm not saying that Europe (inc UK) is not in a mess. I'm just saying that I cannot see any evidence of it yet in terms of everyday life.

Yet being the operative word.

[milanbenes]

Franko, you cheeky monkey,

season of good will and all that, hope you are doing fine.

Will be down your way in March, Benes Family will be skiing in Livigno.

Milan.

[Francko]

Jeeeeeeeeeeeeeeeeez,


European Mainland is a disaster, all going TU

Stay in the UK much better prospects, all the mainland contractors
are heading to the UK as a safe haven to ride out the storm

Milan.

Eurozone and SAP.

And get ready to book your Cadillac and your wi-fi equipment.

[milanbenes]

Jeeeeeeeeeeeeeeeeez,


European Mainland is a disaster, all going TU

Stay in the UK much better prospects, all the mainland contractors
are heading to the UK as a safe haven to ride out the storm

Milan.

[Pondlife]

Plenty of work on the mainland.

...till now...

Unilever.... BAT.... Current Client....


Edit: I'm not saying that Europe (inc UK) is not in a mess. I'm just saying that I cannot see any evidence of it yet in terms of everyday life.

[Francko]

And yet my friend is a business account manager with Lloyds TSB and he told me (last Friday evening) that he was lending more than ever to his SME customers!

His view is that the lack of credit availability is being talked up by the Government in order to make the banks look bad, to make the Government look better and to take everyone's eye off the fact that it was the Governments decision making years ago that has led to this.

Has anyone - or do you actually know anyone who has - applied for a loan for their business and been turned down? If they have was it for a legitimate reason (is credit rating, lack of a sound business plan etc)?

Most of the sick part of the credit belongs to the consumers. Loans of 10-20 grand given to people on benefits or on very low income who will never repay that. Same problem as subprime mortgages really, it was just an indiscriminate action from the banks to pump up their profits (oh well, afterall, when things get bad they get money from the government so why not milking every profit?).

[Francko]

Plenty of work on the mainland.

...till now...

[Pondlife]

Try looking for UK work in the toot toot gravy train world of .Net and you'll find all the doors are shut and nobody is getting aboard.

Plenty of work on the mainland.

[Francko]

Try looking for UK work in the toot toot gravy train world of .Net and you'll find all the doors are shut and nobody is getting aboard.

Forget .Net. Spend your last savings on a SAP course and get millions afterwards. Every man and his dog can do it. Boomed again.

[deano]

- credit almost impossible to get

And yet my friend is a business account manager with Lloyds TSB and he told me (last Friday evening) that he was lending more than ever to his SME customers!

His view is that the lack of credit availability is being talked up by the Government in order to make the banks look bad, to make the Government look better and to take everyone's eye off the fact that it was the Governments decision making years ago that has led to this.

Has anyone - or do you actually know anyone who has - applied for a loan for their business and been turned down? If they have was it for a legitimate reason (is credit rating, lack of a sound business plan etc)?