Brexit never even had a chance to **** up the economy
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United Kingdom V: Son of a beach
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For those companies going out of business perhaps, but for others, I'd imagine not furlowing staff would be a financial error, particularly in jobs were a certain level of training/qualification is required.
When you restart, you're going to need that staff and having to re-recruit all those you need from scratch is a huge expense and a time consuming process - recruiting agencies take as much as 30% of final salary for each placement.
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Originally posted by MartyG View PostFor those companies going out of business perhaps, but for others, I'd imagine not furlowing staff would be a financial error, particularly in jobs were a certain level of training/qualification is required.
When you restart, you're going to need that staff and having to re-recruit all those you need from scratch is a huge expense and a time consuming process - recruiting agencies take as much as 30% of final salary for each placement.
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South Korea’s figures are eye-opening, if true.
The economic side of the crisis gives me a headache. The self-employed are meant to be so organised that they have endless savings to dip into, whereas companies with multi-million pound profits are on the verge of ruination after about 5 minutes? Perhaps pay less to fat arsed execs and shareholders in future, and create a contingency slush-fund?
However, I don’t want to see anyone lose their job. So as a country, we have socialised the debt. That’s the problem with capitalism. Just like in 2008, when there’s a problem, we socialise the debts, and then when the better times roll, privatise the profits.
As a system, capitalism in its current guise is based on short termism. If the CV crisis has indicated anything, it’s that the country needs infrastructure to be untouchable. Without it, everything else collapses. Therefore, it should be nationalised, and run as a service, and not as a profit-generation exercise. The illusion of competition in sectors like transport, power and water is laughable. It’s price fixing and racketeering to ensure that there’s always a profit margin. Keep the bloody private sector out of it all, and run it slightly above cost, in order to pay for some R&D.
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Originally posted by endo View PostWorth $4 billion, yet wants a fat handout for his airline. How about you dip into your own, exceptionally deep pockets, minge-faced ****?
Surely this is what they did for the coal mines?
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Originally posted by Asura View PostI don't get why the government would bail out a private airline. Let it fail! If there's a demand for an airline, another will spring up to replace it, maybe one that maintains a more healthy operating float and doesn't give all their money to shareholders as dividends. If there isn't a need for them, then it won't come back and won't be missed.
Surely this is what they did for the coal mines?
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