Roger Smelly Posted September 19, 2008 Share Posted September 19, 2008 It has not even started to effect the island but it will, this vision of everything is going to be fine is pure madness. One bank lays off 5000 people in london this week and every one says it won't happen here lol. It will effect us because the main employment sector is directly effected. Get a grip, i aint saying run to the hills but i am saying be prepared it will happen here. Also as for shortage of housing i know a guy who got knocked back for his first time buyers house because the bank wanted more deposit from him, hard to save when everything is costing more ? Link to comment Share on other sites More sharing options...
gazza Posted September 19, 2008 Share Posted September 19, 2008 well i can honastly say it not going to bother me at all, in fact its prob going to help me more than if it never happined, so really no worrys from me Link to comment Share on other sites More sharing options...
Sebrof Posted September 19, 2008 Share Posted September 19, 2008 well i can honastly say it not going to bother me at all,in fact its prob going to help me more than if it never happined, so really no worrys from me I am sure you can honestly say that you don't THINK it is going to affect you at all. But I am not sure that your imagination is up to the task of thinking of all the ways in which it MIGHT affect you, and probably will. S Link to comment Share on other sites More sharing options...
gazza Posted September 19, 2008 Share Posted September 19, 2008 well i can honastly say it not going to bother me at all,in fact its prob going to help me more than if it never happined, so really no worrys from me I am sure you can honestly say that you don't THINK it is going to affect you at all. But I am not sure that your imagination is up to the task of thinking of all the ways in which it MIGHT affect you, and probably will. S well no i can think of ways it might effect me, and there is really none that are a major problem, but i can see why it might help me more than hinder me, not unless u can think of reason why it will, fire ahead cause i dont Link to comment Share on other sites More sharing options...
thesultanofsheight Posted September 19, 2008 Share Posted September 19, 2008 Also as for shortage of housing i know a guy who got knocked back for his first time buyers house because the bank wanted more deposit from him, hard to save when everything is costing more ? Well I understand one of the main banks here has put a moratorium on mortgages from this week. Its interesting that if people can't borrow money to buy, others still believe that property here will just level off with no real damage done. Link to comment Share on other sites More sharing options...
Mr. Sausages Posted September 20, 2008 Share Posted September 20, 2008 Also as for shortage of housing i know a guy who got knocked back for his first time buyers house because the bank wanted more deposit from him.. More than what? A couple of pees and an old yo-yo? Your point has no context. Link to comment Share on other sites More sharing options...
col12342001 Posted September 20, 2008 Share Posted September 20, 2008 Erm I applied for a mortgage and the bank wanted £3,000, whoo hoo!!! Not much by anyones standards!! Link to comment Share on other sites More sharing options...
jimbms Posted September 20, 2008 Share Posted September 20, 2008 Swings and roundabouts? Jobs boost as HSBC recruits 18 new staff http://www.iomtoday.co.im/news/Jobs-boost-...uits.4503981.jp What it doesn't say is a few existing have handed their notice in and a section is moving to India What section is moving to India? can you expand on your comments please? Not without dropping someone in the shit no Link to comment Share on other sites More sharing options...
sarahc Posted September 20, 2008 Share Posted September 20, 2008 Swings and roundabouts? Jobs boost as HSBC recruits 18 new staff http://www.iomtoday.co.im/news/Jobs-boost-...uits.4503981.jp What it doesn't say is a few existing have handed their notice in and a section is moving to India What section is moving to India? can you expand on your comments please? Not without dropping someone in the shit no Then don't say it at all. Link to comment Share on other sites More sharing options...
manshimajin Posted September 20, 2008 Share Posted September 20, 2008 What I have noticed is that there are lot more For Sale signs around - most probably because houses that have been on the market for some time are not moving so the stock of houses for sale is gradually growing. Has this passed through as yet to prices? What I don't see is much discussion of what can be done to strengthen the economic base. Given our reliance on financial services there has to be some flow on to the Island from the mess that the sector has got itself into in the UK and USA. Will the Chief Minister's dinner in London counter this? It would seem prudent to be thiking of how to broaden the base. Tourism (particularly expanding the core reach beyond Northern and Midlands England), environmental related services and industries, organic farming exports, encouraging medium/high net worth retirees? What do others think? Are there areas of infrastructure investment that should also be considered that would make the island more attractive to new money coming in? Link to comment Share on other sites More sharing options...
triskelion Posted September 20, 2008 Share Posted September 20, 2008 The point of the dinner in London is to try and boost the Island's profile. The economic future of the Island still lies in financial services, and it is important to remember there are many different aspects within this; not all of which will be badly affected by current economic conditions in the UK and US. Not Tourism again! This will never, ever, be a major contributor to the Manx economy. Nor should it be. It is completely seasonal and our towns would probably end up looking just as shitty as Blackpool. If there were money to be made in Organic farming, Manx farmers would be doing more of it. Sales have dropped off massively however, and given the general expense of farming anyway, farmers are unlikely to go for it right now, especially when a substantial number of UK organic farmers are packing it in. Better air links with The City would be good though. Probably. Link to comment Share on other sites More sharing options...
Static Posted September 20, 2008 Share Posted September 20, 2008 Erm I applied for a mortgage and the bank wanted £3,000, whoo hoo!!! Not much by anyones standards!! What's the context of the £3,000? When? Was it £3,000 as an arrangement fee for a mortgage? £3,000 as a deposit? Actually, £3,000 as a deposit would be quite low. In days gone by the minimum, usual, deposit was 5%. On a £100,000 mortage that would be £5,000. Link to comment Share on other sites More sharing options...
Sebrof Posted September 20, 2008 Share Posted September 20, 2008 The point of the dinner in London is to try and boost the Island's profile. The economic future of the Island still lies in financial services, and it is important to remember there are many different aspects within this; not all of which will be badly affected by current economic conditions in the UK and US. Everybody in the City who might be able to make use of the IOM is already very well aware of it. They may not be so aware that the chief minister is an electrician with a funny moustache. Best to keep him at home. Not Tourism again! This will never, ever, be a major contributor to the Manx economy. Nor should it be. It is completely seasonal and our towns would probably end up looking just as shitty as Blackpool. It is not very clever to rule out anything which might help to bring in money. Remember that the TT IS tourism (it's even in the name!). As for being seasonal, the answer there is to try and identify off-season possibilties. I have never seen the casino promoted in the UK, for instance, (though that doesn't mean it hasn't been, just that it hasn't been done very effectively). A new slant on fish and chips, perhaps. If there were money to be made in Organic farming, Manx farmers would be doing more of it. Sales have dropped off massively however, and given the general expense of farming anyway, farmers are unlikely to go for it right now, especially when a substantial number of UK organic farmers are packing it in. Finding ways to boost Manx farming, and thereby cut food imports, would be an excellent idea for lots of reasons. Better air links with The City would be good though. Probably. Seems the finance industry didn't think so, or we might still have Euromanx. S Link to comment Share on other sites More sharing options...
col12342001 Posted September 20, 2008 Share Posted September 20, 2008 Erm I applied for a mortgage and the bank wanted £3,000, whoo hoo!!! Not much by anyones standards!! What's the context of the £3,000? When? Was it £3,000 as an arrangement fee for a mortgage? £3,000 as a deposit? Actually, £3,000 as a deposit would be quite low. In days gone by the minimum, usual, deposit was 5%. On a £100,000 mortage that would be £5,000. Deposit as a first time buyer, mortgage would have been topped up with the government grant and loan. Link to comment Share on other sites More sharing options...
Twitch Posted September 20, 2008 Share Posted September 20, 2008 The point of the dinner in London is to try and boost the Island's profile. The economic future of the Island still lies in financial services, and it is important to remember there are many different aspects within this; not all of which will be badly affected by current economic conditions in the UK and US. Everybody in the City who might be able to make use of the IOM is already very well aware of it. They may not be so aware that the chief minister is an electrician with a funny moustache. Best to keep him at home. There's still a sizable % of influential people in the UK who know nothing about the IOM. Yeah, Chief Minister has a shop...the House of Commons is full of lawyers, etc, screwing the UK taxpayer with their expenses. I know which I'd rather have...at least I can ring our politicians at home and have an argument with them! Not Tourism again! This will never, ever, be a major contributor to the Manx economy. Nor should it be. It is completely seasonal and our towns would probably end up looking just as shitty as Blackpool. It is not very clever to rule out anything which might help to bring in money. Remember that the TT IS tourism (it's even in the name!). As for being seasonal, the answer there is to try and identify off-season possibilties. I have never seen the casino promoted in the UK, for instance, (though that doesn't mean it hasn't been, just that it hasn't been done very effectively). A new slant on fish and chips, perhaps. The IOM as an alternative Blackpool...no thanks. There's loads of casinos in the UK...far nicer than ours. If there were money to be made in Organic farming, Manx farmers would be doing more of it. Sales have dropped off massively however, and given the general expense of farming anyway, farmers are unlikely to go for it right now, especially when a substantial number of UK organic farmers are packing it in. Finding ways to boost Manx farming, and thereby cut food imports, would be an excellent idea for lots of reasons. Agreed. I believe the industry is looking at ways to compete with off-Island products both here and in the UK. Better air links with The City would be good though. Probably. Seems the finance industry didn't think so, or we might still have Euromanx. Euromanx were brought down by having unsustainable low fares trying to compete with Flybe (and being run incredibly poorly). The success of the City route wasn't enough to bail them out. S Link to comment Share on other sites More sharing options...
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