Originally Posted by malcolmw
IMO, the worse is yet to come in the UK economy. A lot of companies will wait until after Christmas to make people redundant.

One better point is that the weakening pound will make Meridian gear lower in cost in the USA. Latest prediction is $1.46 by end of 1Q2009.

What's the impetus for the drop in value of the pound? I don't think the US economy is stronger than the UK economy... And I think the worse is yet to come in the US too.

The question is how long and deep will the recession be, and who manages to survive. My employer has been stockpiling cash over the last year and is also growing.

Surround Music Fan/Computer Geek/Curmudgeon in training.
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