The Bishop of London, Rt. Rev. Richard Chartres said those who are made redundant may welcome the release from a working life that left them responding to emails and phone calls at all hours over their Blackberry devices. He said the financial crisis would help people work out what is truly valuable in life. “Sometimes indeed people seem to be relieved to get off the treadmill and to be given an opportunity to reconsider what they really want out of life,” he stated. However, he faces accusations of insensitivity at a time when unemployment is at a 12-year high, close to 2 million in Britain, causing thousands of redundant workers to see their houses repossessed as they fall behind with mortgage payments.
Losing your job is never easy because it is not only your way of making a living you have lost, but also your colleagues and your lifestyle. The current economic climate makes it even harder. Britain is at “serious risk” of entering a decade-long recession similar to that experienced by Japan in the 1990s, the outgoing deputy governor of the Bank of England, Sir John Gieve, has warned the nation recently.
According to the International Monetary Fund, Britain is to suffer worst recession of any advanced nation. The economy will shrink by 2.8 per cent this year, with Britain faring significantly worse than the United States, Western Europe or Japan due to its reliance on the financial sector.
Not much of a comfort now, but the recession will pass and the economic situation worldwide will get better. But the real issue is: your job might not be there any more. The whole sector of an industry may be gone. The consumer behaviour may have changed beyond recognition. The products and services are constantly changing to provide better value to consumers. When the recession is finally over, you might not even have the necessary skills to serve clients the best possible way.
In life everything happens for a reason and each step back ends up being two steps forward. There is, no matter how gloomy the recession and its consequences, a silver lining. The hardest way to learn is by experience, but experience is also the best teacher. Use this time to be inspired. You could do worse than thinking about how you could come up with a business idea of your own.
©2009 Kristina Julin-Stringer
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