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Well some of our O/S customers are partly owned by the taxpayers now. Just as well they don't get a say in what the companies spend their money on. :p GP

Likewise, but that doesn't mean the company is not feeling the pinch. Engineering effort doesn't directly translate into sales revenue (although low sales is often blamed on engineers not putting in enough effort :D). We also have a number of contractors. GP

Electronics and software development, a mixture of PC and embedded software for our own range of products. A fair percentage of our customers are large financial institutions, which doesn't help of course. GP

My work is also laying off some staff - around 15% of a small-ish company (around 50 staff). Only the second time they've had to do that for financial reasons in the nearly 20 years I've been there (and the first time was a lesser percentage). I can see it becoming even more down the track if...

And now for the tweaking... GP

Yeah. I used to like the way Peter Costello would get on public television and "comment" that he didn't think interest rates needed to be raised at that time. Not that it was up to him, and not that he was trying to influence the RBA or anything... :rolleyes: GP

Well they're certainly not helping me at the moment. But then, I'm probably close to the (reasonably) well funded (almost) retiree group, with no debt. GP

Lowering interest rates doesn't help everyone. And surely the government has no control over the RBA? :rolleyes: GP