To fight recession effectively you may turn to hobbies
November 17, 2008
The Centre of Economics and Business Research (CERB) has already warned that around 62,000 financial jobs will be axed in London this year and the next thanks to the havoc wrought by the credit crunch. Take the case of Nasser Azam. He had passion for arts and had dreamt of becoming an artist. But due to parental pressure, he took up a banking job working his way up to becoming chief operating officer of Merrill Lynch in Europe, the Middle East and Asia, after putting up 23 years of dedicated service.
As now he has plenty of time to pursue his art work, his work is now exhibiting alongside icon Salvador Dali at London’s County Hall and he is also winning commission after taking to full time art. Pravin Virani having spent the last decade as a successful mortgage broker, has now applied becomes a policeman. He has even made enquiries with the M15, hopping that the intelligence agency which has been trying to recruit from ethnic minorities will give him a job.
There will be many more on the look out for alternative source of livelihood. Phil Sheridan, UK managing director of Robert Half, a recruitment firm said,
“There are people talking to us about transferring their skills to something outside banking, others are talking about restraining.” Teaching is another option that can be considered in such times. Officials from the Training and Development Agency for schools are scouting for bankers and accountants to help fill a shortage of maths and science teachers. Thirty- three year old John Conway who lost his job in the City and is now training to be a teacher said: “I had always wanted to be a teacher.”
To fight recession Britons are also growing their own vegetables for reducing cost on food at the same time trying to save some money.
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