I now know of 5 wannabes going down the Bankruptcy path. This trickle will turn into a torrent as the year wears on.
Todays figures showing a 4.5% contraction on the quarter for Manufacturing is just horrific. Thats an annual 18% contraction. The UK is the worlds 5th largest manufacturer. This is approaching depression level event.
This will be far far worse than the 1991 recession which sent Dan Air and Air Europe under and put hundreds of experienced pilots out of work. The next question is wether or not this recession will be worse than the 1980 recession.
WWW