| 2026 Unemployment 09:53 - Jan 9 with 2697 views | JACKMANANDBOY |
My son spoke to a recruitment consultant yesterday who works for one of the big UK consultancies. She said that the number of vacancies she is being asked to source for has plummeted to the levels seen in COVID.
A couple of conversations I've had with someone looking for a job and a guy that employs around 80 people back this up, finding a graduate job in the North East of England is very difficult. People are sticking with their jobs in South Wales, the employer has seem staff turnover almost stop in the last three months, he is using overtime a lot more to cover additional demand rather than take people on. The staff profile in his business means his NI bill has doubled in the last year.
With higher employment taxes, increases in business rates, increases in IHT for family businesses, the tightening of employee rights and the possible use of of AI, employers are going to think very carefully about hiring.
Unemployment is going to increase this year. [Post edited 9 Jan 14:36]
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| 2026 Unemployment on 11:25 - Jan 9 with 1831 views | felixstowe_jack |
All a result of labours anti business, anti jobs policies. |  |
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| 2026 Unemployment on 11:39 - Jan 9 with 1821 views | YrAlarch |
| 2026 Unemployment on 11:25 - Jan 9 by felixstowe_jack |
All a result of labours anti business, anti jobs policies. |
Are they deliberate, calculated policies or is Rachel from Accounts too thick to see the consequences. | | | |
| 2026 Unemployment on 11:52 - Jan 9 with 1813 views | Dr_Winston |
| 2026 Unemployment on 11:39 - Jan 9 by YrAlarch |
Are they deliberate, calculated policies or is Rachel from Accounts too thick to see the consequences. |
Bit of both probably. Reeves is incompetent, but she's incompetent trying to make Socialist tax and spend policies work.
These people will never, ever understand that the private sector drives growth and provides the tax income that pays for everything else and should be encouraged rather than exploited. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| 2026 Unemployment on 12:15 - Jan 9 with 1781 views | onehunglow |
Class war is more important to some | |
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| 2026 Unemployment on 13:12 - Jan 9 with 1747 views | JACKMANANDBOY |
| 2026 Unemployment on 12:15 - Jan 9 by onehunglow |
Class war is more important to some |
There are five million family businesses under threat from Reeves' inheritance tax measures. They employ 50 percent of the workforce.
There is going to be another U Turn on inheritance tax, once those businesses are sold or wound up, it will take time to replace them. Almost every country exempts family firms for a reason.
We have a government who have no idea how a commercial operation runs. They are using a load of flawed assumptions from one left wing think tank to screw up the country.
The longer this pain goes on the worse the medicine will need to be. [Post edited 9 Jan 14:36]
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| 2026 Unemployment on 17:55 - Jan 9 with 1651 views | max936 |
| 2026 Unemployment on 13:12 - Jan 9 by JACKMANANDBOY |
There are five million family businesses under threat from Reeves' inheritance tax measures. They employ 50 percent of the workforce.
There is going to be another U Turn on inheritance tax, once those businesses are sold or wound up, it will take time to replace them. Almost every country exempts family firms for a reason.
We have a government who have no idea how a commercial operation runs. They are using a load of flawed assumptions from one left wing think tank to screw up the country.
The longer this pain goes on the worse the medicine will need to be. [Post edited 9 Jan 14:36]
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This government has got into power through lies and downright lies at that, they won't get in next time no matter what they do by the end of this term, they'll struggle to be a challenging party after they're kicked out. |  |
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| 2026 Unemployment on 18:42 - Jan 9 with 1622 views | AnotherJohn |
My son graduated with an M.Eng. this year and got a job in Swansea pretty quickly. Moreover, he has had invitations to be interviewed for graduate engineering positions since then. But what strikes him is that the salaries on offer are not that good - from about £26K to £30K for 40 hours, and not a vast amount ahead of a minimum wage job. | | | |
| 2026 Unemployment on 19:24 - Jan 9 with 1596 views | max936 |
| 2026 Unemployment on 18:42 - Jan 9 by AnotherJohn |
My son graduated with an M.Eng. this year and got a job in Swansea pretty quickly. Moreover, he has had invitations to be interviewed for graduate engineering positions since then. But what strikes him is that the salaries on offer are not that good - from about £26K to £30K for 40 hours, and not a vast amount ahead of a minimum wage job. |
That's a marked difference to my wage when I started work in 1977, 1st yr apprentice 15quid a week plus a fiver bonus  | |
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| 2026 Unemployment on 19:28 - Jan 9 with 1596 views | Whiterockin |
| 2026 Unemployment on 18:42 - Jan 9 by AnotherJohn |
My son graduated with an M.Eng. this year and got a job in Swansea pretty quickly. Moreover, he has had invitations to be interviewed for graduate engineering positions since then. But what strikes him is that the salaries on offer are not that good - from about £26K to £30K for 40 hours, and not a vast amount ahead of a minimum wage job. |
Although totally necessary the minimum wage has caused a massive leveling up in wages. Many now feel why should I push for qualifications or take the responsibility of promotion when financially it is not attractive. Financially its more astute to have a trade or a job with a reasonable chance of overtime than be a graduate. |  | | |
| 2026 Unemployment on 19:40 - Jan 9 with 1584 views | onehunglow |
| 2026 Unemployment on 13:12 - Jan 9 by JACKMANANDBOY |
There are five million family businesses under threat from Reeves' inheritance tax measures. They employ 50 percent of the workforce.
There is going to be another U Turn on inheritance tax, once those businesses are sold or wound up, it will take time to replace them. Almost every country exempts family firms for a reason.
We have a government who have no idea how a commercial operation runs. They are using a load of flawed assumptions from one left wing think tank to screw up the country.
The longer this pain goes on the worse the medicine will need to be. [Post edited 9 Jan 14:36]
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Career politicians or Trades Union reps | |
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| 2026 Unemployment on 20:27 - Jan 9 with 1561 views | Dr_Winston |
| 2026 Unemployment on 19:28 - Jan 9 by Whiterockin |
Although totally necessary the minimum wage has caused a massive leveling up in wages. Many now feel why should I push for qualifications or take the responsibility of promotion when financially it is not attractive. Financially its more astute to have a trade or a job with a reasonable chance of overtime than be a graduate. |
Within a few weeks of the NMW being introduced I started to see positions that were being advertised for £10ph offering a couple of quid an hour less.
Wage compression has been a major problem. There needs to be a freeze in the NMW for a few years. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| 2026 Unemployment on 20:35 - Jan 9 with 1541 views | KeithHaynes |
The figures are not calculated correctly to reflect the true unemployment rate. |  |
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| 2026 Unemployment on 22:57 - Jan 9 with 1493 views | builthjack |
There’s jobs out there for everybody. That’s if they want to work.
Then some want to do 35 hours and get top pay.
Jeez, shape up. |  |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
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| 2026 Unemployment on 12:44 - Jan 10 with 1349 views | builthjack |
| 2026 Unemployment on 23:10 - Jan 9 by max936 |
35hrs, I wish  45/50 hrs most weeks. 3 day week for me come spring/summer, if they don't allow me to, that'll be me done, no ones indispensable I know, but I won't be doing those hrs,.
Anyway how's the snow up there Builthy, Im up in Hereford from Thursday next week, till Sunday. [Post edited 9 Jan 23:11]
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We had about 6-9 inches Thursday evening. Mains roads ok as well gritted.
The lazy amongst us can’t get out of the estates to get to work. But the workers amongst us left their cars near the main road and got to work.
Yeh, 35 hours a week, no wonder the country is in a state.
Enjoy the fishing | |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
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| 2026 Unemployment on 13:59 - Jan 10 with 1318 views | Gwyn737 |
I also think about the long term effect on pensions.
Its inevitable that retirement age is going to rise and with the cost of living, squirrelling money away for 50 odd years seems hard work.
I think we need to be clear with young people that it’s one of the first things they need to do with their pay check from the minute they start work. | | | |
| 2026 Unemployment on 14:27 - Jan 10 with 1309 views | Whiterockin |
| 2026 Unemployment on 13:59 - Jan 10 by Gwyn737 |
I also think about the long term effect on pensions.
Its inevitable that retirement age is going to rise and with the cost of living, squirrelling money away for 50 odd years seems hard work.
I think we need to be clear with young people that it’s one of the first things they need to do with their pay check from the minute they start work. |
Or don't bother and live off the state. The way the retired are currently treated makes you think, should I have worked so hard, made sacrifices, saved for retirement and lived a responsible life just for the government to move the goalposts. | | | |
| 2026 Unemployment on 15:00 - Jan 10 with 1280 views | Gwyn737 |
| 2026 Unemployment on 14:27 - Jan 10 by Whiterockin |
Or don't bother and live off the state. The way the retired are currently treated makes you think, should I have worked so hard, made sacrifices, saved for retirement and lived a responsible life just for the government to move the goalposts. |
You can do but it won’t be as comfortable a retirement.
In addition, my NPA is 67 and it’s only going one way unfortunately. | | | |
| 2026 Unemployment on 15:13 - Jan 10 with 1272 views | Whiterockin |
| 2026 Unemployment on 15:00 - Jan 10 by Gwyn737 |
You can do but it won’t be as comfortable a retirement.
In addition, my NPA is 67 and it’s only going one way unfortunately. |
A different scenario for you with a government pension, many are not as fortunate. I don't begrudge anyone with a government pension but it does mean that they have completely different options to many others. Many like the police signed up to a specific pension arrangement which has been cancelled by the powers that be. The change of tax on the pension lump sum also means that people have to change their plans. Anyone starting work now at 16 will probably work for nearly 60 years and any retirement plans will have to be extremely flexible, your plans at 20 are very unlikely to be available at 70 plus. Property assets will be very limited for a start in my opinion. | | | |
| 2026 Unemployment on 15:28 - Jan 10 with 1261 views | Gwyn737 |
| 2026 Unemployment on 15:13 - Jan 10 by Whiterockin |
A different scenario for you with a government pension, many are not as fortunate. I don't begrudge anyone with a government pension but it does mean that they have completely different options to many others. Many like the police signed up to a specific pension arrangement which has been cancelled by the powers that be. The change of tax on the pension lump sum also means that people have to change their plans. Anyone starting work now at 16 will probably work for nearly 60 years and any retirement plans will have to be extremely flexible, your plans at 20 are very unlikely to be available at 70 plus. Property assets will be very limited for a start in my opinion. |
Agree with all that WR. (My pension has changed too but not as dramatically as the police tbf)
I keep bleating on about property. It’s so intrenched that social mobility is so difficult. Bank of mum and dad help out and so it goes on. If you’ve not got that how on earth do you get a start? | | | |
| 2026 Unemployment on 15:51 - Jan 10 with 1247 views | Whiterockin |
| 2026 Unemployment on 15:28 - Jan 10 by Gwyn737 |
Agree with all that WR. (My pension has changed too but not as dramatically as the police tbf)
I keep bleating on about property. It’s so intrenched that social mobility is so difficult. Bank of mum and dad help out and so it goes on. If you’ve not got that how on earth do you get a start? |
The current government policy of taxation with regard to assets will greatly reduce "the bank of mum and dad". I have always been of the opinion that inherited wealth misses a generation, by the time your parents pass you don't need the money anyway, so it benifits the generation behind you. Over the next 10 years there will be a massive upheaval in the property market if the proposed taxation changes go ahead, not least seeing small private individuals renting property will virtually disappear. Many I know are selling up or increasing rents massively to cover the increased taxation. There will need to be a dramatic change in government policy to enable children to move out of their parents home. Do governments have the inclination or foresight to completely overhaul the property market I'm not sure. The upcoming change to council tax thresholds is a ticking time bomb about to go off and many have not even thought about it,. | | | |
| 2026 Unemployment on 16:00 - Jan 10 with 1235 views | JACKMANANDBOY |
| 2026 Unemployment on 15:51 - Jan 10 by Whiterockin |
The current government policy of taxation with regard to assets will greatly reduce "the bank of mum and dad". I have always been of the opinion that inherited wealth misses a generation, by the time your parents pass you don't need the money anyway, so it benifits the generation behind you. Over the next 10 years there will be a massive upheaval in the property market if the proposed taxation changes go ahead, not least seeing small private individuals renting property will virtually disappear. Many I know are selling up or increasing rents massively to cover the increased taxation. There will need to be a dramatic change in government policy to enable children to move out of their parents home. Do governments have the inclination or foresight to completely overhaul the property market I'm not sure. The upcoming change to council tax thresholds is a ticking time bomb about to go off and many have not even thought about it,. |
Portugal have been through this, they now offer tax breaks to people buying to rent because the rental market collapsed. | |
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| 2026 Unemployment on 16:06 - Jan 10 with 1233 views | jack_lord |
| 2026 Unemployment on 15:13 - Jan 10 by Whiterockin |
A different scenario for you with a government pension, many are not as fortunate. I don't begrudge anyone with a government pension but it does mean that they have completely different options to many others. Many like the police signed up to a specific pension arrangement which has been cancelled by the powers that be. The change of tax on the pension lump sum also means that people have to change their plans. Anyone starting work now at 16 will probably work for nearly 60 years and any retirement plans will have to be extremely flexible, your plans at 20 are very unlikely to be available at 70 plus. Property assets will be very limited for a start in my opinion. |
I have been banging my head against a brick wall for years trying to explain to my friend's who are lucky (by choice) to have a public pension as they (my friend's) can't seem to grasp why I get worried about the state of the markets and how it affects my pension. The money I have put in to pot was disappearing quicker than I was putting in to it for a good while.
The bank of mum and dad isn't going to be good enough in a few years time. Some of my daughter's friends are on a completely different financial plateau and the amount of money they are given by their parent's makes us look like paupers so I do think how really hard it must be for kids who don't have any help get a foothold on finance for the future. |  |
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| 2026 Unemployment on 16:18 - Jan 10 with 1219 views | Whiterockin |
| 2026 Unemployment on 16:06 - Jan 10 by jack_lord |
I have been banging my head against a brick wall for years trying to explain to my friend's who are lucky (by choice) to have a public pension as they (my friend's) can't seem to grasp why I get worried about the state of the markets and how it affects my pension. The money I have put in to pot was disappearing quicker than I was putting in to it for a good while.
The bank of mum and dad isn't going to be good enough in a few years time. Some of my daughter's friends are on a completely different financial plateau and the amount of money they are given by their parent's makes us look like paupers so I do think how really hard it must be for kids who don't have any help get a foothold on finance for the future. |
You can also throw into the mix that in years gone by there have been big employers locally paying large final salary pensions with many also receiving redundancy payments coming up to retirement age. I'm thinking about BP, Fords and to a certain extent The steelworks. That's a massive amount of bank of mum and dad disappearing from around here. | | | |
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