Unemployment shooting up
- Thread starter Paddy O'Dors
- Start date
Captain Slackbladder
Winger
Dread to think what the number of unemployed will be this time next year.
sidneyeric
Striker
Lots and lots of people are going to find out just how much they've let the Tories destroy the benefit system, never mind, always jobs for those who want one, it must be true I read it on here..
tunstall birdman
Striker
Hopefully it works out alright for you mate.
That's going to affect the likes of Newcastle more than the likes of Sunderland.
It’s been seen already “I’ve paid my taxes for years, how am I meant to survive on universal credit??!!!?”
Well, as an electorate we’ve decided that £94 a week is enough. So, crack on.
Roaring Chubby
Winger
I’m trying to stay optimistic on this one. This isn’t a typical, cyclical recession, it’s forced because of covid. It’s all about consumer confidence to buy and borrow and if we get a fairly rapid turnaround with getting back to work and hopefully a vaccine, people will be queuing up to spend and borrow money.
ouro
Striker
Public sector workers atiitude. Like that bloke on Question Time last week (can't recall his name) said: 'Why am I yet again the only private sector worker in this panel? None of YOU are in danger of losing your jobs, your homes, your livelilihoods'
Boz33
Striker
Sadly I think any vaccine, if there ever is one, will be at least a year away at the very least
Aye I saw that fella, makes a good point about the one of the many biases on question time
OOOSH YEAH
Striker
Never really thought about it like that but you’ll be right. I much prefer working public as you’re left to do your thing more and trusted. Like you suggest though it’s very much open to piss taking. That lad is an absolute disgrace and he won’t be the only one. Pisses me off knowing that I Have mates that will end up out of work soon while he’s sat on a full wage and child benefit for all the kids he has.
I am mate not effecting my department this time but already dodged two lots of redundancy in the last 18 months.
Disagree. People will always want to go out and shop, eat, drink and meet people. If they're working from home more often they're likely to have a few quid extra disposable income and a desire to socialise and go out, given that they're stuck in the house more. While a few fast food places might suffer from trade around dinnertime I don't think it'll change much else.
Maybe but I think a lot of people shop at lunchtime too, just wander around, have a look and impulse buy. They'll lose that.
Still going to be plenty people about, especially the younger ones who don't want to work from home as much. Agree there's going to be some change and certain retailers will suffer, but that's just life isn't it, someone else will step in to fill the void. Really interesting times, just a shame about all the death and misery...
See they had a good day today. Not quite as good as Kodak but canny all the same.
Big Jeff
Winger
I used to think you were mad and only thought about Stirks meat packs but I find myself agreeing with most of what you post now.
So who is mad - me or you?
@Roaring Chubby
The share price did alright, guess the results weren't as bad as analysts expected:
"For the 26 week period ended 26 June 2020, the company reported a pre-tax loss of £13.6m compared with a profit of £58.3m on-year, while revenue rose 12% to £197.1m."
Which backs up the point I made, there are more funerals but funeral directors aren't profiting from it.
Goat Eyes
Striker
Not really, their profits could be impacted by many a factor, I don’t think it’s lack of margin or revenue on their services. They could be taking the opportunity to pay down debt, purchase new vehicles, acquiring other businesses etc.
