Tag Archives: job loss

Borrowing to cover job loss or ill health (debt danger sign #5)

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Mini Graphic 5As part of Debt Awareness Week we’re discussing the five danger signs to help you avoid them, or if you’ve tried to deal with your finances in this way, how to get help sooner.

One of the more unfortunate danger signs is using a debt to cover living costs following unemployment or ill health. Having a sudden drop in income will always be a huge blow but for some it can be worse than others.

Relying on credit to survive can seem like a lifeline but it can actually make things much worse.

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25 euphemisms for “You’ve been made redundant”

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A worker is made redundant

“We’re gonna need to go ahead and move you downstairs. We have some new people coming in, and we need all the space we can get…”

Recently UK unemployment reached its highest level for 17 years. The figures – 2.57m jobless – made for grim reading.

And this week we registered our alarm at redundancy figures released by the Office of National Statistics (see yesterday’s post on the subject).

In light of current events we’ve been following answers submitted by the public to “What are the most creative euphemisms for layoffs?” on the social network Quora. It’s made for blackly comic reading.

Given that one of the MoneyAware team was once made redundant due to “headcount realignment” (no joke) we thought we’d list 25 other euphemisms used to try to soften the blow of redundancy (a euphemism in itself when you think about it).

“Stating the bleeding obvious” would be more appropriate…

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