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Thursday, April 2, 2009

Times are tough

Recent figures released by the major papers are reporting some scary statistics.

Since November 08 more than 115 000 people have lost their jobs. The projections are that a further 200 000 or even 300 000 people will loose their jobs this year.

The motor sector is one sector that has been badly hit. Many in this industry are dependent on commission. This is, of course, a major problem since the latest figures report a 30% decline in sales over this period from last year meaning that commissions are down.

As a result the NCR project that we will see another 50 000 applicants(at least) this year with the figure looking to be higher as awareness of the debt review process grows.

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