Reply to: Is 2010 going to get ugly?

[Fred Bloggs]

The recovery from the global recession is well under way, as I have said all along. The only thing that can stop it is a Tory government.

Thank you Gordon, that's great to know.

[gordonbrown]

The recovery from the global recession is well under way, as I have said all along. The only thing that can stop it is a Tory government.

[Fred Bloggs]

I worked on AGR mid life update and the Sizewell B job.
Used to work at the UKAEA at Culcheth as well.

However, I thought most of the UK Nuclear jobs will go to France as they are going to do it for us, given a lot of the Nuclear industry in the UK closed down.

You are definitely right, but Rolls Royce for one are opening a new civil nuclear business (and a new nuclear industry foundry) as are several other major co's. There is huge potential in new build in Europe since the supply chain is going to have to expand hugely to service both Areva and Westinghouse reactor projects and also big opportunities further afield to really rebuild the UK's nuclear industry on the back of new build. Plus, the UK is one of the world leaders in decommissioning and clean up technology. This is not to be underestimated as a revenue earner as old plants are closed across the world and have to be decommissioned.

[Green Mango]

The first signs that new build nuclear is starting to gather pace are starting to show. All staff jobs open presently, but give it 6 months, I hope the market for contract engineers picks up. Here in the north west, we're well placed to benefit from nuclear new build.

I worked on AGR mid life update and the Sizewell B job.
Used to work at the UKAEA at Culcheth as well.

However, I thought most of the UK Nuclear jobs will go to France as they are going to do it for us, given a lot of the Nuclear industry in the UK closed down.

[Fred Bloggs]

The first signs that new build nuclear is starting to gather pace are starting to show. All staff jobs open presently, but give it 6 months, I hope the market for contract engineers picks up. Here in the north west, we're well placed to benefit from nuclear new build.

[OwlHoot]

Have a look at the jobstats graphs, they all appear to be dropping off into oblivion.

From where I'm sat it looks pretty ugly already, the contract market seems to be an exaggerated and early indicator to the rest of the economy. It's often been said that IT is the first to go and the first to come back but I see no sign of a comeback anytime soon.

That final dip towards zero is obviously an artifact of missing a final value at the end of the axis and using zero by default.

At least I hope it is!

[Green Mango]

I'd agree that things have improved in the short term.

Many on the bench contractors I know have found work in January.

However, I believe this is because the aerospace sector is doing pretty well for projects at the moment. 787 Dreamliner is going through verification, A350is moving forward, A400M is using loads of contractors, tactical helicopter in Yeovil ditto...

However, in defence aerospace I'm expecting cuts and in civil aerospace I'm expecting a slowdown in the years ahead.

It really depends what sector you're in.

Finance appears to be booming again !!!

[gingerjedi]

What do people make of this then?

Britain in line for blistering economic recovery, OECD indicator suggests

I hope to God it doesn't start before the election.

It needs to be talked up, I get the feeling that businesses and individuals up and down the land are looking at each other waiting for signal to get moving again, 0.1% growth was never going to give the confidence they wanted.

[Fred Bloggs]

After a dire January where my regular daily job search on jobsite.co.uk was returning way less than a single page of jobs, today the same search produces about a page and a quarter to page and a half of jobs. Whilst this isn't exactly scientific and indeed many of the jobs are quoting stupidly low rates, it is a sign that something is changing in the market. Pre-recession the same search was returning 3 pages or so of jobs, so a long way to go yet though.

[Green Mango]

£200 billion of QE has produced 0.1% growth.

Greece is looking sickly. Spain and Portugal are turning pale.
Ireland is looking listless.

The UK and US are all debted up.

China is booming, but on bank debt.

BoE parking QE and from May we find out what and how severe the cuts will be.

The defence and public sector markets look like they will take severe cuts.

Thus there looks like plenty of potential risks out there including the potential of a double dip and/or years of little or slow growth.

[TimberWolf]

Looks like Denver is making cuts:-

More than a third of the streetlights in Colorado Springs will go dark Monday. The police helicopters are for sale on the Internet. The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops — dozens of police and fire positions will go unfilled.

The parks department removed trash cans last week, replacing them with signs urging users to pack out their own litter.

Neighbors are encouraged to bring their own lawn mowers to local green spaces, because parks workers will mow them only once every two weeks. If that.

Water cutbacks mean most parks will be dead, brown turf by July; the flower and fertilizer budget is zero.

City recreation centers, indoor and outdoor pools, and a handful of museums will close for good March 31 unless they find private funding to stay open. Buses no longer run on evenings and weekends. The city won't pay for any street paving, relying instead on a regional authority that can meet only about 10 percent of the need...

http://www.denverpost.com/news/ci_14303473

Read more: http://www.denverpost.com/news/ci_14...#ixzz0elvAmVu6 <-- hmm, copying from that page added this text automatically

[hyperD]

Big talk up.

However, economists cautioned that the OECD figures fail to take into account the continued problems caused by the financial fallout from the crisis and the credit crunch.

Beware the Ides of March 2010.

[OwlHoot]

What do people make of this then?

Britain in line for blistering economic recovery, OECD indicator suggests

I hope to God it doesn't start before the election.

[hyperD]

Is 2010 going to get ugly?

Yup. This ugly.

[scooterscot]

Where is the "What recession" option?