Saturday, February 21, 2009

Unions say plant employing 100,000 on brink of collapse

Warnings of 'imminent' UK car giant collapse and mass job losses sparks war of words between unions and ministers

Unions and ministers were last night locked in a battle of wills over explosive claims that a major car plant is on the brink of collapse.

Britain’s biggest union Unite insisted that 6,000 jobs were in ‘imminent’ danger unless the Government offered an immediate cash subsidy.

However, it refused to name the site and insiders said the union merely wanted to ‘frighten’ the Treasury into coming up with the cash

Predictions 400,000 families could lose their homes as unemployment skyrockets

Up to 400,000 families could lose their homes as the recession drives unemployment to unprecedented rates, a leading economist has warned.
Repossessions could exceed the heights reached during the property crash of the early 1990s amid a ‘huge spike’ in defaults, according to respected economics consultancy Fathom.
The crisis will be triggered by a surge in unemployment to four million, or 13 per cent of the workforce, according to Danny Gabay, a former Bank of England economist.


Anonymous said...

Britain is bankrupt

seventh victim said...

'Britain is bankrupt'

Here Tony; why not give over some of your blood money to pay for social housing for British people?

Anonymous said...

You have seen nothing yet. There will be starving in the streets before we have finished.

Anonymous said...

`There will be starving in the streets before we have finished'

Let's hope before that dire prediction happens there's blood in the streets, e.i. politicians and bankers blood.

Theresa May left university with a 2nd class degree in Geography and was immediately given an important job at the Bank of England. Go...