A lot of jobs are going here thats for sure - and unemployment has reached the highest level here for 10 years - so everybody seems to be making a big thing of it here, the house prices are falling finally - and the news says a 2 year recession is a coming - but u never know!.
Hasnt affected me personally yet - they even gave a pay rise in line with the RPI to make up for it - although they are making redundancies, and not getting in any more staff. Since then the petrol has gone from 115p down to 85p per litre and the gas electric company's have been told they have to reduce their prices :)
Still it wont be a happy Xmas for a lot of people this year.