Originally Posted by
nimrodjoe
Sounds like project fear. You talk about the economy in almost apocalyptic terms over the next 18 months.
It does surprise me then that you would wish to move to Dubai where your family’s long term financial security is in the hands of a couple of managers in ek. Please don’t assume that these people have any ethics or morality.
If you do choose that this is the right time to give up a uk contract under western law plus some Union representation for the rest of your career , then I wish you all the best.
Extra reading
please see 2008 recession in dubai
please see handling of Covid pandemic in emirates
It is looking very bad. Next 18 months going to be very tough. Honestly the financial charts my friend has sent me if rates going to 2-3% which they will do show a lot of pain in the housing sector.
Yes Dubai recession of 2008 was really bad. Again UK wasn’t a bed of roses. Don’t remember BA getting rid of anyone then but Virgin certainly did. I was working in the city at the time and saw hundreds of people made redundant, divorces, families lost houses plus some guys who just couldn’t cope.