wwaswas – Member
A lot of UK Pensions rely on oil company dividends.
Be interesting how the investment companies paying the pensions decide to make up the shortfall – ride the oil price wave and hope it peaks again or divest of increasingly volatile stock and reduce expectations?
They will down grade payment then when stock recover they will not reincrease payments and pocet the differnece.
burko73 – Member
51% drop in profits they say. If oil price stays this low then apparently we’re looking at a 1% increase in GDP in uk which can turn into 90k extra jobs…..
but are they working in tesco jobs or well paid jobs…..
If they are as good a jobs as were lost all is good but so often you hear of an industry retracting that employed a large number of skilled people with a deent wadge that could support a family and then there is a call of xyz is opening offering loads of jobs but hey are largly minimum wadge jobs that need tiopping up.