papervalue
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Everyone knows we are in a downturn. Do people really realise how bad it has gone in small business companies/self employed etc.
I have seem people let go(Normal people who just need a day to day job),people put on short time and companies unable to pay business rent etc. I know of a lot of small businesses who are bascially running out of cash. Some are well in overdraft and have loans all personally guaranteed. Others have large debtors who have no money to pay them and they have no money to pay their creditor's in turn.
In regard to govertment their is a long time lag in social welfare payments, A lot of self employed dont even qualify for payments, yet they have no work. I knew of loads of people willing to work, but no job their. It is moral sapping applying for loads of jobs, getting no reply and them being paid a rate you could have been on 6 years ago. redundancy rebates are taken to long to come back, etc.
I have seem people loan each other money eg friends, family- A lot of the time no repayment is made.
I could not imagine some of the pressure these people are under.
To me a lot of people really suffering in the down turn are suffering in silence. Maybe to embarrased to share their problems. People/Companies give out image their are trading away but the out sider has no idea how close to insolvency a lot of these businesses are. Imagine the amount of self employed debt and company debt out their in small traders.
Is the gov going to save these people- I don't think so. I talking about the normal Joe soap.
This is not a letting off steam piece.
My question is: I believe the downturn is a lot worse and deeper than people are care to admit. Am I being to down beat and is every one else seem a rosery picture out their.
What is the true story?
I have seem people let go(Normal people who just need a day to day job),people put on short time and companies unable to pay business rent etc. I know of a lot of small businesses who are bascially running out of cash. Some are well in overdraft and have loans all personally guaranteed. Others have large debtors who have no money to pay them and they have no money to pay their creditor's in turn.
In regard to govertment their is a long time lag in social welfare payments, A lot of self employed dont even qualify for payments, yet they have no work. I knew of loads of people willing to work, but no job their. It is moral sapping applying for loads of jobs, getting no reply and them being paid a rate you could have been on 6 years ago. redundancy rebates are taken to long to come back, etc.
I have seem people loan each other money eg friends, family- A lot of the time no repayment is made.
I could not imagine some of the pressure these people are under.
To me a lot of people really suffering in the down turn are suffering in silence. Maybe to embarrased to share their problems. People/Companies give out image their are trading away but the out sider has no idea how close to insolvency a lot of these businesses are. Imagine the amount of self employed debt and company debt out their in small traders.
Is the gov going to save these people- I don't think so. I talking about the normal Joe soap.
This is not a letting off steam piece.
My question is: I believe the downturn is a lot worse and deeper than people are care to admit. Am I being to down beat and is every one else seem a rosery picture out their.
What is the true story?