Gordon Brown publicly acknowledged for the first time yesterday that jobs will be lost in the economic downturn.

 

And the Prime Minister admitted there was little the Government could do to ­prevent jobless figures rising.

 

His confession came on the eve of a national demonstration against unemployment.

 

In scenes reminiscent of the 1980s recession, thousands of finance workers will protest in Westminster to demand that the Government’s banking bail-out protects jobs and communities rather than executive bonuses.

 

Mr Brown delivered his stark warning at a meeting with ­business leaders in London.

 

“I can’t promise people that we will keep them in their last job if it becomes economically redundant,” he said.

 

Should Gordon Brown be helping workers from losing jobs?

 

Do YOU think our Government should be doing more to safeguard jobs in the wake of the economic downturn?

 

Source: Sunday Express

 

edit:

Edited November 3, 200816 yr by Herman Munster

Gordon Brown publicly acknowledged for the first time yesterday that jobs will be lost in the economic downturn.

 

And the Prime Minister admitted there was little the Government could do to ­prevent jobless figures rising.

 

His confession came on the eve of a national demonstration against unemployment.

 

In scenes reminiscent of the 1980s recession, thousands of finance workers will protest in Westminster to demand that the Government’s banking bail-out protects jobs and communities rather than executive bonuses.

 

Mr Brown delivered his stark warning at a meeting with ­business leaders in London.

 

“I can’t promise people that we will keep them in their last job if it becomes economically redundant,” he said.

 

Should Gordon Brown be helping workers from losing jobs?

 

Do YOU think our Government should be doing more to safeguard jobs in the wake of the economic downturn?

 

Source: Sunday Express

 

No

 

Of course any job losses are unfortunate but using tax payers money to prop up ailing or non competitive businesses is not the answer assuming that is what you are suggesting

 

I would be in favour of using the tax system to ensure that jobs don't go abroad, give tax breaks to companies to have their call centres in the UK and not India or penalise companies that do set up call centres in India, that is a way of ensuring British companies keep jobs in Britain

 

No

 

Of course any job losses are unfortunate but using tax payers money to prop up ailing or non competitive businesses is not the answer assuming that is what you are suggesting

 

I would be in favour of using the tax system to ensure that jobs don't go abroad, give tax breaks to companies to have their call centres in the UK and not India or penalise companies that do set up call centres in India, that is a way of ensuring British companies keep jobs in Britain

 

but isn't that what the government has done, by propping up the banks, after all aren't they just failed companies that have made bad decisions, why should they receive a handout and no one else?

but isn't that what the government has done, by propping up the banks, after all aren't they just failed companies that have made bad decisions, why should they receive a handout and no one else?

 

That is different

 

Bank collapses would wreck our entire economy, stock market would be in total meltdown millions in this country would lose their pensions, life savings and so on, banks had to be bailed out but regular businesses would not bring down the whole country if they collapsed unlike banks

^ I agree, anyone who says that it's not fair that banks get hand-outs when they caused the mess just doesn't appreciate the scale of this crisis... if the entire banking system went under, which was a very feasible scenario had the government not acted, we would all have been far worse off.

 

However, I would argue that helping small businesses, and so, keeping more people in employment, should be a priority during a recession...

but the amount of money the government is promising the banks would surely cover the loss in pensions etc... as for the arguement banks are different I don't agree. Yes there would be hardship but maybe a fairer system would emerge where banks woul;dn't rip their customers off, make massive profits then allow it to be gambled away, institutions like that don't deserve our help, and anyway the government should transfer all accounts from failing banks into a government account run by the government where there is not the potential for greedy banks to make excessive profits and pay excessive wages

and anyway the government should transfer all accounts from failing banks into a government account run by the government where there is not the potential for greedy banks to make excessive profits and pay excessive wages

 

Would you trust the government with your bank details ? I would trust the government with my bank details about as much as I would trust Stevie Wonder to fly my plane next time I go on holiday, day after day cd's of government info go missing and the same would happen with our bank details

 

Again you do not seem to understand the meltdown of the stock market that would occur if lets say Lloyds TSB, RBOS, Barclays or whatever folded, one of them folded the stock market would lose 30-40% of more in one DAY which would lead to a severe financial crisis for EVERY PLC in this country, it is the snowball effect, and what about all the small businesses that have bank accounts ? they would all have to close too

 

Thank god you are not a politician mate

 

Would you trust the government with your bank details ? I would trust the government with my bank details about as much as I would trust Stevie Wonder to fly my plane next time I go on holiday, day after day cd's of government info go missing and the same would happen with our bank details

 

Again you do not seem to understand the meltdown of the stock market that would occur if lets say Lloyds TSB, RBOS, Barclays or whatever folded, one of them folded the stock market would lose 30-40% of more in one DAY which would lead to a severe financial crisis for EVERY PLC in this country, it is the snowball effect, and what about all the small businesses that have bank accounts ? they would all have to close too

 

Thank god you are not a politician mate

 

nice to see you back craig....

 

now ill try to get you banned again! :lol:

nice to see you back craig....

 

now ill try to get you banned again! :lol:

get ya pitchfork out! :arrr:

Would you trust the government with your bank details ? I would trust the government with my bank details about as much as I would trust Stevie Wonder to fly my plane next time I go on holiday, day after day cd's of government info go missing and the same would happen with our bank details

 

Again you do not seem to understand the meltdown of the stock market that would occur if lets say Lloyds TSB, RBOS, Barclays or whatever folded, one of them folded the stock market would lose 30-40% of more in one DAY which would lead to a severe financial crisis for EVERY PLC in this country, it is the snowball effect, and what about all the small businesses that have bank accounts ? they would all have to close too

 

Thank god you are not a politician mate

 

I totally agree with the boldened part.. There is NO Govt that could, or should, be trusted with this sort of information. At the end of the day though, banks have to be held accountable for what has happened... They foolishly thought they could play the "big dick" in the financial markets, and we ALL got burned for it.. What is needed now is far more tight banking legislation and more stringent regulation to prevent banks from ever making these same mistakes again, and strict limits on the "bonus culture" as well, these people should NOT be getting bonuses for failing (and plenty, in actual fact, actually ARE, which is nothing short of scandalous) or for fukkin' people over... In short, banks should go back to being BANKS, with cashiers being CASHIERS and not bloody salespeople trying to sell you some "product" whenever you just go in to put in a deposit or pay a bill...

 

But I agree with Kindagood in the sense that Broon should have helped the Pensioners who worked their arses off for decades, did the right thing, were responsible and STILL got fukked over for their troubles... That, to me, was an utter betrayal of all Labour's principles, as was doing away with the 10p tax rate..

 

But what is the Govt doing NOW about pensions....? Their policy is for everyone to have a National Pensions Savings Scheme, which, by 2012 we'll all be automatically enrolled in, sounds great eh...? BUT, under this we will all have pension accounts in which the Govt will invest our pension savings in the....er....Stock Market...... :lol: :lol: :lol:

 

So, 10 years later, everyone could be back to square one again because of another "boom and bust" cycle..... :rolleyes: