Still no "green shoots of recovery"

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Re: Still no "green shoots of recovery"

confused of hornchurch
But....
Revealed: The cost of living is rising faster in the UK than anywhere in Europe, with soaring food and energy bills blamed
Inflation in the UK in September was 2.7%, highest in the whole of the EU
Followed by Estonia (2.6%), the Netherlands (2.4%), Finland (2.4)
In UK food bills are up 4.3% energy is up 3.4%, according to Eurostat

Cameron and Miliband clash in the Commons over 'cost of living crisis'

By Matt Chorley, Mailonline Political Editor

PUBLISHED: 16:03, 16 October 2013  | UPDATED: 16:08, 16 October 2013  


The cost of living in Britain is rising faster than anywhere in Europe, new figures reveal.

The big squeeze on family finances is being exacerbated by wages failing to rise in line with prices.

Increases in energy, food and alcohol prices are fuelling the high inflation rate in the UK, as political leaders clash over the effect on household disposable income.


Read more: http://www.dailymail.co.uk/news/article-2463143/Revealed-The-cost-living-rising-faster-UK-Europe-soaring-food-energy-bills-blamed.html#ixzz2hu75fbqv 
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Re: Still no "green shoots of recovery"

confused of hornchurch
In reply to this post by The Ear



Employment is growing, but so are the wage slaves!

New ONS figures reveal a widening gap between prices and pay, with real incomes two percentage points down on 2012

Britain's labour market is creating more jobs, but people are being strapped to their oars and forced to work harder for less.


Employment is up but earnings growth is down. There are more people in jobs than ever before but the gap between prices and pay is widening. Those were the bullet points from the latest labour market data from the Office for National Statistics.
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Re: Still no "green shoots of recovery"

Percy.
Here an opportunity for the poor to enjoy the green shoots.
This  is real poverty no handouts here.

http://www.youtube.com/watch?v=EzZzZ_qpZ4w
“The fool doth think he is wise, but the wise man knows himself to be a fool.”




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Re: Still no "green shoots of recovery"

Ho-Hum
I have to admit I enjoyed that Percy....Best line, 'growing your own food is like printing money'.
Refugees do not have the right to demand but should accept the blessings bestowed upon them gracefully by nations extending the hand of friendship.
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Re: Still no "green shoots of recovery"

confused of hornchurch

Now let's see how they can magic up their council tax arrears.


Thousands of UK's poor in court over non-payment of council tax

Courts across country fill up with people on lowest incomes as introduction of new council tax charges in April begins to bite

Amelia Gentleman

The Guardian, Friday 18 October 2013 18.34 BST

Protest Camberwell magistrates court
Southwark council has issued court summons for council tax arrears to 9,000 people.

Hundreds of London's poorest and lowest-paid inhabitants attended a mass court hearing in south London on Friday, hoping to challenge non-payment of council tax orders issued by Southwark council, which had summonsed 5,800 people to attend.

The mass summons was one of a number of similarly large summonses issued nationwide over the past few weeks, as legal proceedings begin against unemployed and low-income people who have been unable to pay new council tax payments, introduced in April.

Around 400 attended court on Friday, most of them responding to a court summons for the first time, many of them anxious and angry about the process. Although the weekly payments appear low, averaging at around £2.50, those who attended gave detailed accounts of how this was a difficult sum to pay out of a minimum wage income, or out of benefit payments. All faced the additional £65 cost of the court summons, in addition to the council tax arrears.
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Re: Still no "green shoots of recovery"

Percy.
I imagine they will lose their homes and be put in cheap Hotels and the kids taken into care .Its more costly but that is another budget.
Either that or a direct debit will be taken from their benefits or wages.
“The fool doth think he is wise, but the wise man knows himself to be a fool.”




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Re: Still no "green shoots of recovery"

The Ear
In reply to this post by confused of hornchurch
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Re: Still no "green shoots of recovery"

confused of hornchurch

JPMorgan Facing Record £8bn Fine: Reports
 
If the deal is finalised, it would be the biggest settlement of its kind ever paid by an American company.

7:14am UK, Sunday 20 October 2013

One of America's biggest banks is facing a record $13bn (£8bn) fine for mis-selling mortgage-backed securities in the run up to the 2008 financial crisis, say US reports.

A tentative deal has reportedly been reached between JPMorgan and the US Justice Department.

Last month, the bank was fined more than £600m over the "London Whale" trading scandal arising from disastrous trades by former bank employee Bruno Iksil.

If the deal is finalised, it would be the biggest settlement of its kind ever paid by a US company.
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Re: Still no "green shoots of recovery"

Mr. Angry....
Administrator
That must be a mistake... There are some naive people that genuinely believe Gordon Brown caused the 2008 financial crisis.... There's no helping some people...
Havering's angriest person...
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Re: Still no "green shoots of recovery"

confused of hornchurch

Grangemouth oil refinery 'faces permanent closure'

Ineos, the plant's owner, insists it is not bluffing as deadline looms; 250 employees from workforce of 1300 accept changes.
 
Dan Milmo and Simon Goodley

The Guardian, Sunday 20 October 2013 20.06 BST

The owner of Scotland's largest oil refinery has warned he is not bluffing about threats to close the site permanently this week if 1,300 staff do not agree to pensions cuts.
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Re: Still no "green shoots of recovery"

confused of hornchurch

Co-op 'To Lose Control' Of Its Banking Arm
 
The Co-operative Group is to lose overall control of its banking arm amid a revised recapitalisation plan.

11:05am UK, Monday 21 October 2013

The Co-op Group has confirmed it is to lose majority ownership of its banking arm amid a recapitalisation struggle.

In June, the bank announced it needed to raise £1.5bn to plug a capital shortfall.

The bank now admits it needs an additional £105m to deal with increased provision for payment protection insurance (PPI) and other product miss-selling claims.
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Re: Still no "green shoots of recovery"

confused of hornchurch

Keeping the disabled on the dole. (courtesy of the government).

By James Lyons    

Ministers promised to help the 1,800 staff move into “mainstream work” when support was pulled - after a year just 535 are in work
 
 
 Gone: A Remploy factory in Barking
Philip Coburn/Sunday Mirror
 

Two in three of the disabled Remploy staff thrown on the dole after the controversial factory closures are still out of work, new figures reveal.

Ministers promised to help the 1,800 staff move into “mainstream work” when support for the employers was pulled. But a year after the callous cost-cutting measures just 535 are in work.

Labour’s Pamela Nash said the shocking statistics that she unearthed make a mockery of the Government’s pledge to protect disabled people from spending cuts.

The MP said: “The Government’s record on Remploy is nothing short of a disgrace.

"This is very sad news for these workers who were made unnecessarily unemployed, when there were alternatives open to the Government to keep them in work.”

So far 34 Remploy factories for ­disabled workers have been shut down with another two set to follow.

There are now 1,326 former employees still looking for jobs — including 134 who found employment but are now out of work again.

The Department of Work and Pensions has set up an £8million scheme to support the ex-staff.

A spokeswoman said the package is “supporting them into new careers”.


Check out all the latest News, Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/news/uk-news/remploy-closures-ministers-promised-help-2477969#ixzz2iQpk8Q8V 
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Re: Still no "green shoots of recovery"

Independent man
Well they have put over a 1OOO handicaped people on the dole,and the bigots will  call them scroungers  through no falt of their own.
Drop that Drip Double Dip Dave
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Re: Still no "green shoots of recovery"

confused of hornchurch

Blockbuster busted.

Blockbuster's bust again: Film and computer games rental chain falls into administration for second time this YEAR

Private equity group that saved chain in June gives up amid poor trading

Around 2,000 jobs and 264 stores at risk

By This Is Money Reporter

PUBLISHED: 14:10, 29 October 2013  | UPDATED: 14:37, 29 October 2013  
Blockbuster has fallen into administration for the second time this year after the private equity group that saved it gave up on its rescue efforts.

Around 2,000 jobs are at risk after Gordon Brothers Europe it is putting the DVD and computer games rental chain into administration due to tough trading.

The private equity group said 32 jobs will be cut at Blockbuster Entertainment’s Uxbridge headquarters, while 264 stores are at risk as a buyer is sought.

Read more: http://www.dailymail.co.uk/money/news/article-2478910/Blockbuster-falls-administration-second-time-year.html#ixzz2j887Q7BG 
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Re: Still no "green shoots of recovery"

confused of hornchurch

Young face lifetime of unemployment, warns charity.

Page last updated at 00:01 GMT, Wednesday, 30 October 2013

Thousands of young people are in danger of being trapped in a lifetime of unemployment, a charity is warning.

The Prince's Trust is calling for urgent action from the government to help tackle the problem.

Latest figures from the Office for National Statistics show 115,000 18 to 24-year-olds have been unemployed for longer than two years.

The government says it has hugely increased the number of work experience placements and apprenticeships.

Why is youth unemployment so high?
Changes to the benefits system in the mid-2000s, when there were only around 26,000 long-term unemployed young people, may have contributed to the focus shifting away from tackling long-term youth unemployment as a priority
The education system not giving people the right skills needed for all sections of the economy
The banking crisis and recessions of recent years making getting a job and holding on to it difficult
Source: Prof John van Reenan, Centre for Economic Performance, LSE
The figures on long-term, youth unemployment have more than quadrupled in the last decade.

The Prince's Trust says if nothing is done, the UK could be on the brink of a youth jobs crisis.
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Re: Still no "green shoots of recovery"

confused of hornchurch

Barclays Profits Dive By 26% In Third Quarter.
 
Barclays blames the cost of transforming its operations as its earnings take a tumble between July and September.

7:36am UK, Wednesday 30 October 2013

Barclays is among banks still paying for the mistakes of the past

Barclays has confirmed a 26% fall in quarterly profits.

The third quarter brought in £1.39bn, amid higher spending to achieve its transformation objectives and lower earnings from its investment banking operations.

Profits over the first nine months of the year were down 20% to £4.97bn.
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Re: Still no "green shoots of recovery"

confused of hornchurch

More signs of an improving economy?


By Graham Hiscott, Mark Ellis
Comments
 
Up to 4,000 jobs at risk at Blockbuster, Tata Steel and the Environment Agency
   29 Oct 2013 20:58      

Film rental giant goes into administration for the second time this year while steel producer and government come under fire from unions
 
Video rental giant Blockbuster today said it was going bust for the second time this year.

On a bleak day for jobs, Tata Steel also announced 500 redundancies.

Like ­Blockbuster, it blamed atrocious trading conditions – despite Government claims the economy was improving.

And the Coalition came under further attack when it emerged budget cuts would force the Environment Agency to lose 1,550 workers.

At Blockbuster, up to 2,000 jobs are at risk after private equity owner Gordon Brothers said it would bring in an administrator.

But 32 staff at the firm’s HQ were made redundant immediately.

All 264 stores will remain open while a new buyer is sought.

Blockbuster first collapsed in January after being hammered by online streaming and postal rentals.

Retail expert Maureen Hinton, of Verdict, said: “The firm is counting the cost of keeping up with its competitors.”

Bosses blamed the US parent firm for its lack of a digital service.

Meanwhile, union Unite accused Tata of “trying to “sack its way out of a downturn” by axing jobs in Scunthorpe, Lincs; Workington, Cumbria and Teesside.

But boss Karl Koehler insisted times were hard and added: “European steel demand this year is expected to be only two-thirds of pre-crisis levels.”

And Unison warned Environment Agency job losses could affect ­frontline workers – like those who cleaned up after this week’s storm.

The agency will cut staff from 11,250 to 9,700 next year.


Check out all the latest News, Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/news/uk-news/up-4000-jobs-risk-blockbuster-2654348#ixzz2jBncSVVL 
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Re: Still no "green shoots of recovery"

confused of hornchurch

What recovery? Households are no better off than during recession as incomes flatline and essential costs soar.

The share of our money spent on energy has jumped 72% in ten years
Analysis reveals that it is not stronger household finances driving the economy, but debt

By Ed Monk

PUBLISHED: 12:34, 30 October 2013  | UPDATED: 13:14, 30 October 2013  
Ordinary households are not benefiting from the economic recovery because their incomes have flat-lined and they are having to spend a greater share of their money on essentials such as gas and electricity, according to official figures.

Confirming what cash-strapped families have known for some time, the Office for National Statistics reported this morning that 'real household disposable income has changed little since Q2 2009, despite cumulative real GDP growth of 4.2 per cent over this period'.

But compounding stagnant disposable income has been the soaring cost of essentials such as housing, energy and water.


Read more: http://www.dailymail.co.uk/money/bills/article-2480080/ONS-Households-better-recession.html#ixzz2jDZ7bONB 
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Re: Still no "green shoots of recovery"

confused of hornchurch


Sporthouse, owned by Romford hotelier Paul Harris, in adminstration a year after role as Olympic training centre

Freddy Mayhew and Ramzy AlwakeelWednesday, October 30, 2013
 2:15 PM  (Romford Recorder.

The Olympic and Paralympic training venue tipped last year by its Romford owner to become “bigger than Crystal Palace” has gone into administration.
Paul HarrisPaul Harris

Sporthouse in Mayesbrook Park, Dagenham, faces an uncertain future despite this year signing a deal with sports promoter Matchroom, which was set to televise boxing, darts and world championship snooker there.

The centre’s director is hotelier Paul Harris, who owns Harefield Manor in Main Road. Mr Harris – who has declined to comment on this latest development – became Sporthouse’s second proprietor in seven months when he bought it in November.

He told the Recorder at the time: “There is no reason why this can’t be bigger than Crystal Palace.”

Part of his plan involved opening a second Harefield Hotel on site with 100 beds and a conference and banqueting suite.

“What comes in has got to equal what goes out and make a profit,” he said last year. “It’s a part of the Olympic legacy and if we get it right it could be quite amazing.”

Sporthouse hosted Olympic and Paralympic athletes in its role as an official Games training venue during London 2012.

A spokesman for chartered accountancy firm Moore Stephens, which has taken over the running of the site, said it had been actively seeking a buyer since June.

He said “a number of expressions of interest and offers to purchase” had been received, adding none of the 28 employees had been made redundant and that a full service is continuing for customers.

The venue was officially opened by five times gold medal winning rower Sir Steve Redgrave in March 2012.

It has the country’s biggest multi-use sports hall, a large gym, two outdoor basketball courts, a £2million athletics track and the capacity for up to 6,000 members.

Competitors in Olympic handball, Paralympic judo and wheelchair rugby used the centre to practise in the run-up to the Games.

Yes, the economy is really picking up!
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Re: Still no "green shoots of recovery"

confused of hornchurch
He said.

“What comes in has got to equal what goes out and make a profit,” he said last year. “It’s a part of the Olympic legacy and if we get it right it could be quite amazing.”


Actually what comes in has got to EXCEED what goes out to make a profit! Perhaps that's what he meant to say?
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