The company I work for may make a loss this year
For the first time in years; we sell into quite a few companies who have been on the news for laying off huge amounts of staff. Fortunately the boss man owns everything lock, stock (nothing leased) so we're in a reasonable position to batten down the hatches and try and ride it out.

My mum owns a shop, no fucker is shopping in it. She's losing money hand over fist.

The company my dad works for have just laid off 10% of their UK workforce, fortunately not him, although he's having to cut his site budget by about half a mil this year, Woolworths accounted for about 35% of their business.

So not great, but at least none of us have lost our jobs...

I have no debts other than an overdraft and some money owed to the parents so am actually alright. Have been applying for credit cards on the basis that my taxes are bailing the banks out so the cunts can give me some of my own cash back, and nobody will give me one!

I hate the phrase credit crunch as well but there is NO denying that it exists, although it is in fact actually a recession as people have pointed out.

Free market capitalism = EPIC FAIL
(Son of Sam-i-am We're all as mad as hatters here, Fri 23 Jan 2009, 9:08, 1 reply)

I suspect the really accurate way of putting it is that the Credit Crunch (sudden end of easy credit for businesses and banks) has *caused* a recession.

Sorry to hear about your Mum's shop.
( Olembe Refuses to write in this space, Fri 23 Jan 2009, 9:46, closed)