Is the credit crunch actually affecting us Sheffield folk?

[bustybabe 10]

my oh came home from work yesterday and was really p****d off that he and his work mate had travelled to london in my partners car for a confrence at there head office only to have been in work half an hour and the MD walked in asked his mate to go into the office and they sacked him on the spot. Granted he has only been there for 3 months but because he has not sold anything for a month (due to the credit crunch and companys not spending) they have sacked him 3 weeks before xmas and he had to find his own way back from London in bits my OH gave him his car to drive back in and he got a lift back to Sheff.We went to see him last night and we came home feeling really sorry for him and his OH as she has just given birth and there in rented accomadation and just dont no which way to turn.Every one i speak to are worried and everyday there are buissness's going bust.We are just keeping our head above water but im really worried for our friends and other people in simlar situations.why cant some of these companys wait till after xmas to do that??

[Robbiet 10]

Why has it taken people so long to realise that a country cannot survive and prosper without a manufacturing base.We have relied on the service sector for many years and it could not last.The problem is people have lived beyond their means guided by the newspapers and other media.

[L00b 441]

Robbiet, you're forgetting the agricultural capacity as well

(not only can't we make anything anymore, we can't feed ourselves anymore either )

The last 'obscene fuel prices' episode highlighted this so well, and should have sent the Gvt running, far more so than the financial crisis!

 

Same thing happened in France, where most of the remaining steel industry was sold to the Indian carpetbaggers for three pence and guess what? Cruch comes around a year or so on, and everybody's out on their ear of course!

[Sheff2006 10]

Not really but I dont drink, smoke or drive. I also tend to be very careful as regards outgoings and household energy usage etc.

[PuressenceUK 10]

That's not nice! Not everyone reads the paper, or listens to the news - local or national.

 

Some people may be in blissful ignorance, not knowing anyone who has been affected yet.

 

If people live in a bubble with no exposure to their surroundings then this is an opinion I would agree with, but you'd have to be a total hermit to think everything is hunky dory in Sheffield.

 

Also if people don't read the paper or watch the news I fail to see how they can have an informed opinion and therefore be able to comment on much of anything.

[crookesey 635]

I wouldn't exclude Civil Service from your list, which is quite heavy in Sheffield. There's a lot of fat to trim, and the Gvt has spent with abandon to bail the banks out, to levels which it can't possibly sustain without hefty tax increases in due course. The question is when, the deal clincher is where to trim to keep the 'heft' down.

 

Very much echoing your wishes about what type of society should wishfully come out of this difficult time.

 

We've not waited 20 years with the Missus. I saw this coming 5 or so years ago, when the 'free credit' offers and mortgage lending criteria were just getting entirely out of hand, and we've prepared adequately.

 

I don't believe we're being selfish when we think that we would be gutted to see the Gvt bail out all those on the back of our taxes, when we'd have liked all the trappings (just like most everyone else) and could have got all the trappings on the pump (just like most everyone else), but decided to play it sensibly (unlike most everyone else)

 

All that said, we do have alot of sympathy for people made redundant, especially at this time of year.

 

Hell will freeze over, politicians will start telling the truth and Margaret Beckett will pose naked for a Playboy centrefold before Public Sector jobs are shed.

 

I work in the financial services sector (but not for much longer, thank god) and have noticed that the previously bullish 'Look at me aren't I something special? brigade have now changed into a very diminutive 'How did I ever get myself into this mess in the first place?' brigade.

 

Mark my words, folk like you and your wife (count me and the wife in) are about to be the new rich, not in wealth terms but in lack of debt terms. Being able to sleep at night without having nightmares about the bailiffs knocking at your door or the guy from the finance company driving off with your car is priceless.

 

I don't mean to be flippant, but many of the folk with one very large debt formed by consolidating all of their many debts into one very easy to manage loan, will find it even easier to consolidate all of their many worries and concerns into one very hard to manage nightmare.

 

The ones that find themselves in financial difficulties through no fault of their own, I feel for you. Use every survival package that applies to you, dont bury your heads in the sand, talk to people, they just might be able to help you.

[mossdog 10]

Hell will freeze over, politicians will start telling the truth and Margaret Beckett will pose naked for a Playboy centrefold before Public Sector jobs are shed.

 

I work in the financial services sector (but not for much longer, thank god) and have noticed that the previously bullish 'Look at me aren't I something special? brigade have now changed into a very diminutive 'How did I ever get myself into this mess in the first place?' brigade.

 

Mark my words, folk like you and your wife (count me and the wife in) are about to be the new rich, not in wealth terms but in lack of debt terms. Being able to sleep at night without having nightmares about the bailiffs knocking at your door or the guy from the finance company driving off with your car is priceless.

 

I don't mean to be flippant, but many of the folk with one very large debt formed by consolidating all of their many debts into one very easy to manage loan, will find it even easier to consolidate all of their many worries and concerns into one very hard to manage nightmare.

 

The ones that find themselves in financial difficulties through no fault of their own, I feel for you. Use every survival package that applies to you, dont bury your heads in the sand, talk to people, they just might be able to help you.

This country is quite broken now after more than a decade of Socialist rule,( booming economy? well where has all the money gone!)and if Brown and the rest of his amateurs in charge, do not prune the workforce,wages and golden pensions of the public sector ,we shall all be down the tubes much quicker than anticipated . The Financial lot have been sorted,bring on the new elite! the government/public sector lot....................the Cavalry aint about to rescue us from this one!!

[szb100 10]

financial service sector...a minor Sheffield employer?

Try telling that to the 2000+ staff working at the city centre offices of a certain bank, which is making compulsory redundancies this Christmas.

[whiteley 10]

I work for Sheffield Newspapers and have just been made redundant, finish on Friday. The accounts moved to Leeds last month so they have all been made redundant and some of our managers have been told their jobs are also at risk so yes it has affected me.

[cbr900 10]

go down to william lees in dronfield and ask the 80 odd men that have just been laid off and see what they think , and while your there ask them what they are going to do with the 17million foundry they've just built thats stood empty.

[RosyRat 10]

This country is quite broken now after more than a decade of Socialist rule,( booming economy? well where has all the money gone!)

 

This is a world recession, not a little local difficulty. Trying to blame the British government for a global financial crisis started by the U.S. sub-prime mortgage lending debacle is a bit rich, really.

[Vulcan B2 10]

Surely, anybody who shops in a supermarket, drives a car, has a mortgage, pays for heat and power, has nights out etc are affected? Prices across all these areas have gone up alarmingly. People whose jobs were rock solid secure are feeling insecure now, because companies are collapsing.

 

<<<<JUST MY OPINION>>>>..............

 

Finally, capitalism has eaten itself. Greedy barstools taking, taking taking. Lending to people who can't afford to repay. Managing Directors giving themselves huge payrises. Fatcat bosses employing people at minimum wage while becoming richer themselves. Profit becoming the new religion. It was bound to happen.

 

Anyway, Merry Christmas!