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Is anyone worried about the credit crunch?

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Top 10 Contributor
simeon2 Posted: 26 Sep 2008 4:47 PM

My colleague Keith has posted on the Social Work Blog about the credit crunch and how it will inevitably impact on social care issues. Are people starting to worry about it yet? Or does it all seem a bit far off and abstract at the moment?

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Top 50 Contributor

nope.

Top 10 Contributor
Female

 I honestly can't see how services and funding can be cut any further than it has been already. Every year, even though the 'good' years, cuts have been happening in adult social services. If anything there will be a greater need from our services in these times. 

It isn't something I worry myself too much about though. I tend to work with what I have in front of me. 

Top 10 Contributor
Male

I'm self employed and do about half of my work for the voluntary sector. Yes - I'm very worried.

Top 50 Contributor
no and still no. mortgae nearly paid off, i'm extremely well paid for my work as i should be.
Top 10 Contributor

I think we should be getting very worried about social care funding. It looks like education and health will be protected in the economic downturn, so the cut-backs will have be made somewhere, and it won't be Labour's ID cards or wars!
Top 10 Contributor

 You're right about the ID cards and the wars - very depressing. Shouldn't we be raising funds by increasing tax on those who have made the most out of the boom years - those on 100k plus?

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Top 200 Contributor

There was a great posting on Boing Boing by someone who is now going to have to carry an ID card: http://www.boingboing.net/2008/09/26/britain-will-make-fo.html.

On taxing those over 100k - there would be no way in seperating those who have profited from others misery from those who have rightfully earned it. I think the best that could be done is regulating board room bonuses, and re-regulating high finance to make sure this sort of this never happens again.

Not Ranked

Hello

I am MA student and i am currently researhing this for an essay title. I  have to discuss the key challenges in social work for 2008 and thought this may be a good idea.

 I Would value any input such as resources or addtional thoughts

Thanks

Top 100 Contributor

Want to see where our resources are going?

 http://www.timesonline.co.uk/tol/news/uk/article4882622.ece

http://www.timesonline.co.uk/tol/news/uk/article4882600.ece

As someone who is self employed, I am very worried about the credit crunch.  As my husband said to me yesterday 'It feels like we are working our arse's off just to stand still. And considering that our company gives 10% of it's time and profits (for free) to families dealing with child protection issues/court proceedings, there will be a knock on effect for children.

 

 

“First they came for the Communists, but I was not a Communist so I did not speak out. Then they came for the Socialists and the Trade Unionists, but I was neither, so I did not speak out. Then they came for the Jews, but I was not a Jew so I did not speak out. And when they came for me, there was no one left to speak out for me.” —Martin Niemoeller
Top 50 Contributor

Want to see where our resources are going? it's a good thing that our security services are being well funded, you only have to look at the recent georgia/rusia crisis to see how fragile peace is in the world.

 

there will be no looking after anyone if the nations security is not well funded. 

Top 10 Contributor

Yes, its been a brilliant strategy by the Government to spend £billions on wars in Iraq and Afghanistan, and thereby, according to MI5, increase the likelihood of terrorist attacks in the UK.
Top 10 Contributor

 The impact of the credit crunch is already being felt by charities such as Scope it seems

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Top 10 Contributor

And by local authorities which have deposited money in Icelandic bank accounts... were councils right to be putting public money into such accounts?

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Not Ranked

Looking at prevous global slowdowns and credit crunches, we should expect the following

1) growth in social problems such as homelessness and poverty. I read today of a US sheriff in chicago who has banned evictions in his jurisdiction. There were 43,000 homes at risk. The governmet's poverty.

2) The likely ending of any infrastructure building, ie centres, schools. new homes. It is possble for the government to spend their way out of it by investing in such schemes but i don't think this lot are ideoligically committed to theat.

3) Cuts in services, jobs etc. Don't expect any money in the adult green paper 

 

Top 10 Contributor

Maybe the LAs should have kept their money in British Banks instead of Icelandic ones - like Northern Rock and HBOS?
 
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