Bank of England Madness

[Anna B]

The Labour shortage has largely been down to years of the employers unwillingness to train up people to the required standard (it's cheaper to employ ready trained people from abroad,) and the high cost of training courses that individuals are expected to pay to become qualified.

 

Training has become just another bandwagon for unscrupulous rip off merchants to climb on. Many of the apprenticeships that are being offered these days are often not worth the paper they're written on, and 'mentoring' etc is just a joke. Like so many things in this country there has been no long term planning and much lip service payed but very little real action.

[Santo]

The Labour shortage has largely been down to years of the employers unwillingness to train up people to the required standard (it's cheaper to employ ready trained people from abroad,) and the high cost of training courses that individuals are expected to pay to become qualified.

 

Training has become just another bandwagon for unscrupulous rip off merchants to climb on. Many of the apprenticeships that are being offered these days are often not worth the paper they're written on, and 'mentoring' etc is just a joke. Like so many things in this country there has been no long term planning and much lip service payed but very little real action.

 

This is heavy on opinion and short on facts.

 

Training has become a bandwagon? What the heck does that even mean? Mentoring is a joke? Is it? Really?

 

Which apprenticeships do you think are worthless?

 

What is your job exactly? Do you have the first clue what you are talking about?

[ez8004]

The Labour shortage has largely been down to years of the employers unwillingness to train up people to the required standard (it's cheaper to employ ready trained people from abroad,) and the high cost of training courses that individuals are expected to pay to become qualified.

 

Training has become just another bandwagon for unscrupulous rip off merchants to climb on. Many of the apprenticeships that are being offered these days are often not worth the paper they're written on, and 'mentoring' etc is just a joke. Like so many things in this country there has been no long term planning and much lip service payed but very little real action.

 

You can't possibly be professionally qualified if you think mentoring is a joke. Mentoring is vital for your CPD to being professionally qualified/recognised. Have you seen the apprenticeships offered by the likes of the AMRC and Rolls Royce? They are highly regarded and can lead to achieving university degrees.

 

The reason we have a labour shortage in areas like engineering isn't because it is easier to recruit already qualified people from abroad. It is because companies prefer to recruit the best candidates. For example, why should companies hire a person from Sheffield Hallam with a 2:2 if they can get a top 10% graduate from a top engineering university like Eindhoven? There is no entitlement simply because you are local. The lack of decent graduates is the problem.

 

They are also definitely are not cheaper as you have to pay them the going rate locally in this country. You don't pay a Pole the average wage in Poland to come to work here, you pay the going rate here.

[Cyclone]

[/b]

 

My bold=

We have enough unemployed non immigrants to take up the vacancies or lose their benefits...

 

Great, are these unemployed people actually qualified to do the work though?

 

---------- Post added 11-08-2016 at 07:41 ----------

 

Well, foreseen means to predict. They believed the line from the leave campaign that it was not going to happen.

 

Yes, and lots of people predicted this. Leave voters and campaigners ignored them though, and now we have to suffer the consequences.

[tzijlstra]

[/b]

 

My bold=

We have enough unemployed non immigrants to take up the vacancies or lose their benefits...

 

We don't, although we might well have quite soon. I am not talking about asparagus harvesting here. It is high skilled jobs where there is a deficit.

 

The housing shortage has pushed up house prices, has the labour shortage pushed up wages?

Or maybe there isnt a labour shortage?

 

The labour shortage has been compensated for by immigration, which probably has had some effect on house prices in London. Don't know about you though, but our house has increased value at under a percent a year on average in the last ten years and I don't want to know the damage recently done.

 

The Labour shortage has largely been down to years of the employers unwillingness to train up people to the required standard (it's cheaper to employ ready trained people from abroad,) and the high cost of training courses that individuals are expected to pay to become qualified.

 

Training has become just another bandwagon for unscrupulous rip off merchants to climb on. Many of the apprenticeships that are being offered these days are often not worth the paper they're written on, and 'mentoring' etc is just a joke. Like so many things in this country there has been no long term planning and much lip service payed but very little real action.

 

Training is indeed expensive, but it is particularly expensive for employers when they have candidates in training that are unlikely to finish for whatever reason. Calling training a unscrupulous rip-off market is very naive though. But then we already know that about you.

 

------

 

On topic - the failure of the BoE to buy some long term investments shows that the limits of QE have been reached, the bonds they want are now held by long term investors, pension funds and so on, that are not willing to give up the secured rate on these bonds for a quick cash-in. Dropping the interest rate, although I am sure they will, is not going to increase spending on consumer level very much either. I suspect that Teresa May will be asked to deploy other measures, perhaps play around with VAT?

Edited August 11, 2016 by tzijlstra

[apelike]

I suspect that Teresa May will be asked to deploy other measures, perhaps play around with VAT?

 

But can she all the time we are still tethered to the EU?

[Cyclone]

But can she all the time we are still tethered to the EU?

 

She could lower it to at least 15%.

 

The lowest standard rate of VAT throughout the EU is 15%, although member states can apply reduced rates of VAT to certain goods and services.

 

Of course raising it to 17.5 and then 20 % was only supposed to be a temporary measure...

[truman]

She could lower it to at least 15%.

 

 

 

Of course raising it to 17.5 and then 20 % was only supposed to be a temporary measure...

 

So was income tax as I understand..

[apelike]

She could lower it to at least 15%.

 

 

 

Of course raising it to 17.5 and then 20 % was only supposed to be a temporary measure...

 

Cheers for that, I didn't realise it was only mean to to be a temp measure and it could go down..

[Solomon1]

Unfortunately that isn't happening, the BoE will soon run out of options.

 

Are we all going to die?