Well, as this is a rumour site ......
Initial talk of RAF down to 31,000 in the next defence review has been 'trumped' by a friend of a friends 'rumour' that RAF strength of 25,000 is now being considered! GULP! That's like, errr, half of the RAF being chopped!!
Interestingly, the price of gold is the reaction by 'those in the know' to just how F*@ked the Banks REALLY are and the real prospect of sovereign loan default too. It's just the Government wants to hide this info from Joe Public. There may not be a way of paying people in HMG service next year when the Chinese et al demand their gilts back.
When the BoE Governor Merv King said in his latest report "People are going to have to expect a lower standard of living' he was giving us a hidden warning that the global economy is really still in a great deal of trouble - so don't get sucked in by this mega bear market rally.
So, if you do find yourself out of a job next year, you really should make the most of the monthly payments you have left and pay off as much of your debts as possible, as there will not be a lively job market to jump into – it could even be better for some to jump ship early. After all, do you fancy trying to use ‘ex-military’ etc on your job applications along with the other 19,999 ex-RAF on the market at the same time???
Start stocking the Apocalyptic reserve holdings with the tins of beans etc as this financial crisis is far, far from over, despite what the ‘news’ might be telling you!!