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from the Torygraph 
property market in a double dip...
and a neat little article about CIPD unemployment estimate
It estimates that the combined direct and indirect effect of public spending cuts will lead to 650,000 private sector job losses, while the impact of VAT rising from 17.5pc to 20pc will undermine profits to claim a further 250,000 jobs.
Furthermore, the 490,000 losses forecast for the public sector appears to be an underestimate "given what most public sector managers are telling the CIPD" and excludes about 50,000 cuts likely to fall in the current financial year and 120,000 in 2015-16, the organisation said.
Dr John Philpott, the CIPD's chief economic adviser, said: "The question 'Where will the new jobs come from?' is bound to be asked for quite some time yet.
while noone seems to be counting all admin/remote type jobs which continue their move to the east to add to the pile up... interesting times
property market in a double dip...
Nida Ali, an economic adviser to Ernst & Young ITEM Club, said: “The UK housing market is indeed in the midst of a double-dip.
“Housing demand continues to be depressed while those willing to buy a house will have difficulty in financing their purchase.”
"This coupled with the fact that an increasing number of people are putting their properties on the market is exerting a downward pressure on prices.
"Moreover, recent trends suggest that the state of the wider economy- particularly the labour market- is likely to remain unsupportive in the months ahead. Thus house prices will continue falling during the rest of the year and into 2011."
“Housing demand continues to be depressed while those willing to buy a house will have difficulty in financing their purchase.”
"This coupled with the fact that an increasing number of people are putting their properties on the market is exerting a downward pressure on prices.
"Moreover, recent trends suggest that the state of the wider economy- particularly the labour market- is likely to remain unsupportive in the months ahead. Thus house prices will continue falling during the rest of the year and into 2011."
and a neat little article about CIPD unemployment estimate
It estimates that the combined direct and indirect effect of public spending cuts will lead to 650,000 private sector job losses, while the impact of VAT rising from 17.5pc to 20pc will undermine profits to claim a further 250,000 jobs.
Furthermore, the 490,000 losses forecast for the public sector appears to be an underestimate "given what most public sector managers are telling the CIPD" and excludes about 50,000 cuts likely to fall in the current financial year and 120,000 in 2015-16, the organisation said.
Dr John Philpott, the CIPD's chief economic adviser, said: "The question 'Where will the new jobs come from?' is bound to be asked for quite some time yet.
while noone seems to be counting all admin/remote type jobs which continue their move to the east to add to the pile up... interesting times
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