Recession 'not over yet' say Hampshire business leaders

Recession 'not over yet' say business leaders

Recession 'not over yet' say business leaders

First published in News Daily Echo: Photograph of the Author by , Business Editor

IT’S not over yet.

That’s the message from Southampton business leaders after widespread reports the UK recession “is at an end”.

According to research by the Institute of Chartered Accountants in England and Wales (ICAEW), optimism among professionals moved to its highest level for two years in the third quarter, prompting them to claim the end of the painful economic slump.

The influential organisation now predicts that economic output will rise 0.5 per cent this quarter.

But the bite of the recession is still being felt in the region’s high streets, business parks and industrial estates, according to local experts.

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Jimmy Chestnutt, director general of the Southampton and Fareham Chamber of Commerce, said: “Any indication that the worst may be over is welcome news.

“However the Chamber of Commerce has evidence that while some companies are now more confident about the future there are many in the area that are continuing to suffer from the effects of the recession with low levels of activity, difficult cash flow issues and continuing pressure on costs and staff numbers.

“We may well be on the road to recovery but given the current state of public finances that road is likely to be long and difficult.”

Sally Lynskey, of Business Southampton, agreed.

“The feedback we are getting is still mixed. There are companies out there who are still finding it bleak and having to fight for every contract.

“But in areas such as house building there are definite signs of recovery and that has meant conveyancing departments are getting busier again.

“There are indications that the market is picking up and the cruise industry and domestic tourism seem to be doing well too.”

Councillor Royston Smith, Cabinet member for economic development, said: “I’d like to think it was true but I don’t see any evidence of it.”

Comments (16)

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10:28am Tue 25 Aug 09

southy says...

you know when we are coming out of the recession by the unemployment numbers, and they are still growing, like in the docks about a mth back, there was lay-off's and reduntancies, NHS is about to the same in the mental health hospitals and are closing down half of them in southampton and hampshire, so a recovery is a long way off yet, and there will be a stock market crash before any recovery full recovery happens. all we seeing is just a small rise, the worse is yet to come.
you know when we are coming out of the recession by the unemployment numbers, and they are still growing, like in the docks about a mth back, there was lay-off's and reduntancies, NHS is about to the same in the mental health hospitals and are closing down half of them in southampton and hampshire, so a recovery is a long way off yet, and there will be a stock market crash before any recovery full recovery happens. all we seeing is just a small rise, the worse is yet to come. southy
  • Score: 0

11:13am Tue 25 Aug 09

Adrian-Smith says...

I agree with Southy that the worst is yet to come.

Demand may increase as confidence increases - but that demand will be for things we no longer manufacture. That isn't good for trade and with pressure on the Public sector to slim there is bound to be an increase in unemployment, while the tax take rises.

As soon as Liebor are out we can start rebuilding our once great Country.
I agree with Southy that the worst is yet to come. Demand may increase as confidence increases - but that demand will be for things we no longer manufacture. That isn't good for trade and with pressure on the Public sector to slim there is bound to be an increase in unemployment, while the tax take rises. As soon as Liebor are out we can start rebuilding our once great Country. Adrian-Smith
  • Score: 0

11:34am Tue 25 Aug 09

southy says...

Adrian-Smith only problem will be the same sort off thing in 1979, torys take over government and the recession went into feel fall, but this time it will be 10 times worse. the only way out of it and to improve things is a true socialist government, its been 30 years since the last socialist government, after 30 years of capitalism, and the same old problems are still there and will not go away till we get this total change in politics. its time to go back to socialism. and kick capitalism where it belongs in the history books. has a system that work in early man but fails in modern day.
Adrian-Smith only problem will be the same sort off thing in 1979, torys take over government and the recession went into feel fall, but this time it will be 10 times worse. the only way out of it and to improve things is a true socialist government, its been 30 years since the last socialist government, after 30 years of capitalism, and the same old problems are still there and will not go away till we get this total change in politics. its time to go back to socialism. and kick capitalism where it belongs in the history books. has a system that work in early man but fails in modern day. southy
  • Score: 0

2:16pm Tue 25 Aug 09

Adrian-Smith says...

Southy, can you identify any Country where socialism has worked well in the past 2000 years?
Southy, can you identify any Country where socialism has worked well in the past 2000 years? Adrian-Smith
  • Score: 0

2:44pm Tue 25 Aug 09

southy says...

libya england vietnam australia canada india new zealand venezuela and many more out there. cuba is a communist country but it seems it will be moving towards socialism soon, and there some old communist eastern block countrys that are gone to socialism or just starting to head that way so please do the checking up your self
and dont belive capitalist propaganda one of the reason they hate communist and socialist countrys and give them a bad names is because they cant get there hand on there oil and any other mineral and control it.
libya england vietnam australia canada india new zealand venezuela and many more out there. cuba is a communist country but it seems it will be moving towards socialism soon, and there some old communist eastern block countrys that are gone to socialism or just starting to head that way so please do the checking up your self and dont belive capitalist propaganda one of the reason they hate communist and socialist countrys and give them a bad names is because they cant get there hand on there oil and any other mineral and control it. southy
  • Score: 0

3:24pm Tue 25 Aug 09

Adrian-Smith says...

Southy, thanks for the list.

I am not sure my brother in Canada shares your view on Socialism being a success there. Not too sure about wanting the utopia that awaits in Libya, Vietnam or Venezuela either.

India doesn't ring any socialism bells with me and neither does Australia.

That just leaves England - where Socialism failed in 1979 and has failed again in the 00's.

Fortunately 2010 will see socialism consigned to the wastebasket for at least 15 years.
Southy, thanks for the list. I am not sure my brother in Canada shares your view on Socialism being a success there. Not too sure about wanting the utopia that awaits in Libya, Vietnam or Venezuela either. India doesn't ring any socialism bells with me and neither does Australia. That just leaves England - where Socialism failed in 1979 and has failed again in the 00's. Fortunately 2010 will see socialism consigned to the wastebasket for at least 15 years. Adrian-Smith
  • Score: 0

4:34pm Tue 25 Aug 09

Derek of Dibden Purlieu says...

I hope the recession gets worse. Try getting a reasonable quote from an English builder.
I hope the recession gets worse. Try getting a reasonable quote from an English builder. Derek of Dibden Purlieu
  • Score: 0

4:56pm Tue 25 Aug 09

southy says...

Adrian-Smith wrote:
Southy, thanks for the list.

I am not sure my brother in Canada shares your view on Socialism being a success there. Not too sure about wanting the utopia that awaits in Libya, Vietnam or Venezuela either.

India doesn't ring any socialism bells with me and neither does Australia.

That just leaves England - where Socialism failed in 1979 and has failed again in the 00's.

Fortunately 2010 will see socialism consigned to the wastebasket for at least 15 years.
Adrian-Smith canada austrilia new zealand you need to look at the policies, that is in place, they have what we had from 1945 to 1979 the keynesian policies, whitch is the beginnings of a socialist agenda, there are 5 stages to it, and it contains a mix of capitalist and socialist, and has you move though the stages then there is less capitalism and more socialism, its ment to be a slow change over, so it gives you the chance to iron out any small problems has you go along. plus I think you find that they are waiting on the uk to become socialist once again before moving on, with the agenda, they still got there socialist health service intact and at the moment is better than our's, most of there oil industry is nationalised and there are other nationlist companys in cananda, when that tory PM in canada tired doing what m.thatcher done in the uk and sold off what you all ready owened, the french canadains voted aganist him, and stop the sale off in its tracks.
utopia is not socialism but thats where the world will end up, only thing is you have to go though socialism if you want to get there in a peaceful way.
socialism in the uk did not fail, it was trying to be destroyed by the greedy people of the 80's, and ever since people have been brainwashed that greed is good, when its is not all it will do in the end is destroy a world, it dont care about other people only it self, it envys what other people have got and they will want to take it away from you in one way or another.
and have you really stop and look what is really happen out there in the world socialism is on the increase again, its happening on every continent even in the usa the change has started to happen even lo barack had to call a halt to it this time but he will try again at a later date.
socialism is on the increase in this country to, they may not get a ruling party this time, but they will have MP's there, and at the next local elections you be seeing socialist councilers up and down the country, liverpool will be one off the most favable spots. so dont go ruling them out, if they dont get a ruling government power with in the next 15 years then you can bet on a war bigger than WWII, heading our way.
[quote][p][bold]Adrian-Smith[/bold] wrote: Southy, thanks for the list. I am not sure my brother in Canada shares your view on Socialism being a success there. Not too sure about wanting the utopia that awaits in Libya, Vietnam or Venezuela either. India doesn't ring any socialism bells with me and neither does Australia. That just leaves England - where Socialism failed in 1979 and has failed again in the 00's. Fortunately 2010 will see socialism consigned to the wastebasket for at least 15 years.[/p][/quote]Adrian-Smith canada austrilia new zealand you need to look at the policies, that is in place, they have what we had from 1945 to 1979 the keynesian policies, whitch is the beginnings of a socialist agenda, there are 5 stages to it, and it contains a mix of capitalist and socialist, and has you move though the stages then there is less capitalism and more socialism, its ment to be a slow change over, so it gives you the chance to iron out any small problems has you go along. plus I think you find that they are waiting on the uk to become socialist once again before moving on, with the agenda, they still got there socialist health service intact and at the moment is better than our's, most of there oil industry is nationalised and there are other nationlist companys in cananda, when that tory PM in canada tired doing what m.thatcher done in the uk and sold off what you all ready owened, the french canadains voted aganist him, and stop the sale off in its tracks. utopia is not socialism but thats where the world will end up, only thing is you have to go though socialism if you want to get there in a peaceful way. socialism in the uk did not fail, it was trying to be destroyed by the greedy people of the 80's, and ever since people have been brainwashed that greed is good, when its is not all it will do in the end is destroy a world, it dont care about other people only it self, it envys what other people have got and they will want to take it away from you in one way or another. and have you really stop and look what is really happen out there in the world socialism is on the increase again, its happening on every continent even in the usa the change has started to happen even lo barack had to call a halt to it this time but he will try again at a later date. socialism is on the increase in this country to, they may not get a ruling party this time, but they will have MP's there, and at the next local elections you be seeing socialist councilers up and down the country, liverpool will be one off the most favable spots. so dont go ruling them out, if they dont get a ruling government power with in the next 15 years then you can bet on a war bigger than WWII, heading our way. southy
  • Score: 0

5:09pm Tue 25 Aug 09

Iw61 says...

Royston Smith would not say its over. He should take a lesson out of the last Tory government. They were always in denial.
Royston Smith would not say its over. He should take a lesson out of the last Tory government. They were always in denial. Iw61
  • Score: 0

5:40pm Tue 25 Aug 09

southy says...

food for thought for you Adrian, since WWII, theres been more votes cast for a socialist party or so called socialist party ie labour party, than there has been for a capitalist party, and its only because how the boundies lay that allows a tory party in power, and if it was base on proportional representation or each constituency had the same number of voting age people, the tory would never ever got in power or would they ever do again since WWII
just food for though for you.
food for thought for you Adrian, since WWII, theres been more votes cast for a socialist party or so called socialist party ie labour party, than there has been for a capitalist party, and its only because how the boundies lay that allows a tory party in power, and if it was base on proportional representation or each constituency had the same number of voting age people, the tory would never ever got in power or would they ever do again since WWII just food for though for you. southy
  • Score: 0

5:46pm Tue 25 Aug 09

southy says...

Derek of Dibden Purlieu wrote:
I hope the recession gets worse. Try getting a reasonable quote from an English builder.
derek try cant remeber his name now, but they have and office at the old burt bolton timber yard at ealing the offices are the old pay roll and admin office has you go though the main gate on the right, you will need to go though the walk though gate next to the road gate, walk about 30 to 40 yards and it be the building on the right to you, it use to be painted white and still might be,
[quote][p][bold]Derek of Dibden Purlieu[/bold] wrote: I hope the recession gets worse. Try getting a reasonable quote from an English builder.[/p][/quote]derek try cant remeber his name now, but they have and office at the old burt bolton timber yard at ealing the offices are the old pay roll and admin office has you go though the main gate on the right, you will need to go though the walk though gate next to the road gate, walk about 30 to 40 yards and it be the building on the right to you, it use to be painted white and still might be, southy
  • Score: 0

6:43pm Tue 25 Aug 09

Lone Ranger says...

southy wrote:
Derek of Dibden Purlieu wrote: I hope the recession gets worse. Try getting a reasonable quote from an English builder.
derek try cant remeber his name now, but they have and office at the old burt bolton timber yard at ealing the offices are the old pay roll and admin office has you go though the main gate on the right, you will need to go though the walk though gate next to the road gate, walk about 30 to 40 yards and it be the building on the right to you, it use to be painted white and still might be,
Southy.....i dont agree with much of what you post but looking at this you are ....PRICELESS
[quote][p][bold]southy[/bold] wrote: [quote][p][bold]Derek of Dibden Purlieu[/bold] wrote: I hope the recession gets worse. Try getting a reasonable quote from an English builder.[/p][/quote]derek try cant remeber his name now, but they have and office at the old burt bolton timber yard at ealing the offices are the old pay roll and admin office has you go though the main gate on the right, you will need to go though the walk though gate next to the road gate, walk about 30 to 40 yards and it be the building on the right to you, it use to be painted white and still might be,[/p][/quote]Southy.....i dont agree with much of what you post but looking at this you are ....PRICELESS Lone Ranger
  • Score: 0

9:01pm Tue 25 Aug 09

Miles Way says...

Southy
I live in Canada and therefore have a little more knowledge of local conditions than you; yes there are many Socialist policies, some of which are good in theory if not in practice, however please don't think it's working well and that Canada isn't without massive problems; there is poverty, poor education, the gulf twixt rich and poor is massive, huge social problems (not including the aboriginal issues in that) business and progress is often retarded by stupid govt bureaucracy, the health service is NOT working (certainly not as well as the NHS) leaving many unable to pay for prescription drugs or dying if they can't afford them, crime in cities is rife as is drug abuse, and the only decent guaranteed easy money is to work for the provincial or federal governments where money is squandered on an epic scale - the politicians are just as corrupt and seedy so no change there either.
So please FFS stop quoting Canada as a good example to support your socialist cause in the UK - it is not!
I can't speak for Aus or NZ but I'm sure someone who lives there would reveal a similar picture.
The grass is always greener etc....
Southy I live in Canada and therefore have a little more knowledge of local conditions than you; yes there are many Socialist policies, some of which are good in theory if not in practice, however please don't think it's working well and that Canada isn't without massive problems; there is poverty, poor education, the gulf twixt rich and poor is massive, huge social problems (not including the aboriginal issues in that) business and progress is often retarded by stupid govt bureaucracy, the health service is NOT working (certainly not as well as the NHS) leaving many unable to pay for prescription drugs or dying if they can't afford them, crime in cities is rife as is drug abuse, and the only decent guaranteed easy money is to work for the provincial or federal governments where money is squandered on an epic scale - the politicians are just as corrupt and seedy so no change there either. So please FFS stop quoting Canada as a good example to support your socialist cause in the UK - it is not! I can't speak for Aus or NZ but I'm sure someone who lives there would reveal a similar picture. The grass is always greener etc.... Miles Way
  • Score: 0

9:38pm Tue 25 Aug 09

southy says...

Miles Way i have a cousin that lives in baysvile in many bay area, he could not belive how much we pay for prescription, and canada is only half the price has it is here, your waitng list is a lot shorter in time waiting, has a private over rides and que jumps NHS even in NHS hospitals, its nothing odd here to wait 8 years for an op, and if you think its bad just go across the boarder in to the poor areas of new york state, you will not think it that bad and canada is a lot better off. there is problems i know. but you need to vote out the bad ones what ever party they belong to. like what going to happen here in the next 20 years.
Miles Way i have a cousin that lives in baysvile in many bay area, he could not belive how much we pay for prescription, and canada is only half the price has it is here, your waitng list is a lot shorter in time waiting, has a private over rides and que jumps NHS even in NHS hospitals, its nothing odd here to wait 8 years for an op, and if you think its bad just go across the boarder in to the poor areas of new york state, you will not think it that bad and canada is a lot better off. there is problems i know. but you need to vote out the bad ones what ever party they belong to. like what going to happen here in the next 20 years. southy
  • Score: 0

10:29pm Tue 25 Aug 09

Miles Way says...

southy wrote:
Miles Way i have a cousin that lives in baysvile in many bay area, he could not belive how much we pay for prescription, and canada is only half the price has it is here, your waitng list is a lot shorter in time waiting, has a private over rides and que jumps NHS even in NHS hospitals, its nothing odd here to wait 8 years for an op, and if you think its bad just go across the boarder in to the poor areas of new york state, you will not think it that bad and canada is a lot better off. there is problems i know. but you need to vote out the bad ones what ever party they belong to. like what going to happen here in the next 20 years.
As I understand it there is still a limit to the cost of a prescription in the UK?
Over here you pay in full or have top up insurance for chemotherapy drugs, diabetes, arthritis medication, the list is endless and unless you have lot of $$$s or insurance, frankly you're f**ked!
My insurance costs me about £150 per month extra (2 adults/2kids) - this is on top of my taxes - how many in the UK would be happy with that as what I'm insuring for is essentially free on the NHS)
Over here people often end up selling their homes to get essential life preserving drugs - does that happen in the UK? - no it doesn't.
Add to that, there is no free dental care, 1in10 families cannot get a GP, many emergency rooms are closed due to staff shortages/funding and in those that are open waiting 6hrs or more is common. If you're in a 911 call and ambulanced to emergency expect a bill for $600 - people actually refuse to go by ambulance and wait for a lift 'cos they can't afford the fee!
Waiting times are comparable for operations - and waiting 8 years for an operation in the UK is "common"? sorry Southy, that is total bo77ocks, unless it's a hip/knee that people have to reach a certain age to have as they can normally only do the op once.
The NHS is very heavily targeted on waiting times and, by and large they do it well - check it out.
My point is that Canada is not perfect (nor is the UK completely imperfect) and it's misleading of you to paint it so in order to support your socialist ideals - doing so when you're wrong simply devalues your arguments.
[quote][p][bold]southy[/bold] wrote: Miles Way i have a cousin that lives in baysvile in many bay area, he could not belive how much we pay for prescription, and canada is only half the price has it is here, your waitng list is a lot shorter in time waiting, has a private over rides and que jumps NHS even in NHS hospitals, its nothing odd here to wait 8 years for an op, and if you think its bad just go across the boarder in to the poor areas of new york state, you will not think it that bad and canada is a lot better off. there is problems i know. but you need to vote out the bad ones what ever party they belong to. like what going to happen here in the next 20 years.[/p][/quote]As I understand it there is still a limit to the cost of a prescription in the UK? Over here you pay in full or have top up insurance for chemotherapy drugs, diabetes, arthritis medication, the list is endless and unless you have lot of $$$s or insurance, frankly you're f**ked! My insurance costs me about £150 per month extra (2 adults/2kids) - this is on top of my taxes - how many in the UK would be happy with that as what I'm insuring for is essentially free on the NHS) Over here people often end up selling their homes to get essential life preserving drugs - does that happen in the UK? - no it doesn't. Add to that, there is no free dental care, 1in10 families cannot get a GP, many emergency rooms are closed due to staff shortages/funding and in those that are open waiting 6hrs or more is common. If you're in a 911 call and ambulanced to emergency expect a bill for $600 - people actually refuse to go by ambulance and wait for a lift 'cos they can't afford the fee! Waiting times are comparable for operations - and waiting 8 years for an operation in the UK is "common"? sorry Southy, that is total bo77ocks, unless it's a hip/knee that people have to reach a certain age to have as they can normally only do the op once. The NHS is very heavily targeted on waiting times and, by and large they do it well - check it out. My point is that Canada is not perfect (nor is the UK completely imperfect) and it's misleading of you to paint it so in order to support your socialist ideals - doing so when you're wrong simply devalues your arguments. Miles Way
  • Score: 0

2:56pm Wed 26 Aug 09

southy says...

you have to meet condiction to have you med/drugs free and even then many drugs like for cancers can not be gotten because the cost is way to high. over here you pay £7-24 for each item on your prescription, most prescription carry more than one item on them and would only last a week or two at the max. if you take some one like my dad when he was alive, he had 8 items on his prescription thats £57-92 each time that had to be paid for meds.
has for waiting times i dont need to check it out i am personal been waiting 7 years now for an op on my spine, a friend of mine has just had his op after waiting just over 8 years nearly 9 years, and his was life threating, how they paint a rosey picture on it all they dont count the ones who have there ops canceled and there are loads of them and i mean loads, what they do is count how long it is before you get called for an op, then when it gets canceled start the count again, and to many times do an op get canceled because of the private sector que jumps in the NHS.
dental and eye care or you have to pay for over here unless you are 16 or under or certain few types of benefits, most benefit do not cover you to have it free, you have to pay to if you have more than £3,000 in assets of any form. we over pay a national health stamp whitch only 13 weeks each year for 30 years go's towards your benefitsof all kinds, the rest go's towards admin and about 26 weeks and any over the 30 years gets put into private sector of health care.
tell you its a total mess over here and has been for the last 25 years.
the socialist what to correct this national insurance stamp should be for the state sector and not for the private sector. like it use to be back pre 80's
you have to meet condiction to have you med/drugs free and even then many drugs like for cancers can not be gotten because the cost is way to high. over here you pay £7-24 for each item on your prescription, most prescription carry more than one item on them and would only last a week or two at the max. if you take some one like my dad when he was alive, he had 8 items on his prescription thats £57-92 each time that had to be paid for meds. has for waiting times i dont need to check it out i am personal been waiting 7 years now for an op on my spine, a friend of mine has just had his op after waiting just over 8 years nearly 9 years, and his was life threating, how they paint a rosey picture on it all they dont count the ones who have there ops canceled and there are loads of them and i mean loads, what they do is count how long it is before you get called for an op, then when it gets canceled start the count again, and to many times do an op get canceled because of the private sector que jumps in the NHS. dental and eye care or you have to pay for over here unless you are 16 or under or certain few types of benefits, most benefit do not cover you to have it free, you have to pay to if you have more than £3,000 in assets of any form. we over pay a national health stamp whitch only 13 weeks each year for 30 years go's towards your benefitsof all kinds, the rest go's towards admin and about 26 weeks and any over the 30 years gets put into private sector of health care. tell you its a total mess over here and has been for the last 25 years. the socialist what to correct this national insurance stamp should be for the state sector and not for the private sector. like it use to be back pre 80's southy
  • Score: 0

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