Re: Cuts, cuts, and yet more cuts!!!

If they hadn't bailed them our economy would have collapsed. Millions of people would have lost their money and there would be financial chaos.

Re: Cuts, cuts, and yet more cuts!!!

Im quite interested in Canada. They seem to have their act together. I was thinking if it goes belly up here its a safe place to emigrate.

Re: Cuts, cuts, and yet more cuts!!!

And there wasn't after the bail out ? Seems we have been cutting everything ever since. People losing homes and jobs.

Re: Cuts, cuts, and yet more cuts!!!

Hi

Many would disagree with the way it was done.

The retail side and pensions had to be bailed due to the way the banks where structured.

The Hedge Funds and International Speculators could have been left to take the hit, it would not have impacted on the average worker.

Any money they had been bailed out with should have been repayable with interest.

Re: Cuts, cuts, and yet more cuts!!!

No, but a good many scumbag 'nasty party' members would have lost lots of funds, which is why they didn't split the banks.

Re: Cuts, cuts, and yet more cuts!!!

That's the way the Tories have chosen to deal with it. But a great deal of value just disappeared overnight. One of the Icelandic banks was badly damaged and many public sector organisations had invested there.

What annoys me is the people who made these decisions, who knew that the funds were worthless made a fortune and got off scott free. But we will have to deal with the hangover for decades. It's one of the reasons i was against brexit because it brings further economic uncertainty when we are still on very shaky economic ground.

Re: Cuts, cuts, and yet more cuts!!!

It's one of the many reasons I voted leave, we have to be able to take our politicians to task. Each query I've made to my MP has been met with that's the Eu nothing I can do. Now we will be able to see just who is at fault and who isn't.

Re: Cuts, cuts, and yet more cuts!!!

Another reasoned response.

Have you ever thought your failure in engineering may be down to attitude and not the government?

There are many positions with prospects.....but they won't come to those that aren't willing to chase them.

Re: Cuts, cuts, and yet more cuts!!!

I agree they should be taken to task but austerity won't hurt them. We will be the ones to suffer consequences of economic turbulence. We have a massive deficit and desperately need growth and stability right now to generate wealth.

Re: Cuts, cuts, and yet more cuts!!!

I think Purwells employers would be wise to replace him with a johnny foreigner. I mean, look at how often he's on here during the day. Can't be getting much done can he?
I'll bet a Polish worker would get twice as much done for half the money.....

And Purwell, the engineering jobs are indeed out there. I handed my notice in, in November. I applied for 3 jobs and got offered all 3 of them, and they all have substantial salaries. Maybe you're not that good at what you do eh?