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Who wants to be the lucky ones and stay home and get 80% wages
Who wants to be the lucky ones and stay home and get 80% wages
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Replies: 106
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UK Plc is still creditworthy, not junk status (yet).
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Wot about peeps who work on the side,an extra £2.5k a month would be a nice wee bonus.
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Think world war 2..paying 60 years after.
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build more cars with no parts,blockage in china far east in supply chain[ good practice for Brexit ]
nissan might go back in 2 weeks to help manufacture ventilators, doubt it company zillions of cash on balance sheet paying wages for now |
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i think its only for folk who were already employed
 its not some supergiro lads |
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It's a panic measure, they are bricking it, the prospect of hundreds of thousands of people being laid off has got them on the run.
It will work for a while, but employers will still require to pay the balance. No graph from them for this, but it will prove to be a sombrero squashing and spreading action. Firms will not continue to pay 20% of salaries for employees on up to £30k and more than 20% for those above £30k indefinitely when their income is being decimated. A good measure to have brought in, but will not eradicate mass job losses. |
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DO NOT BE FOOLED DO... NOT BE DECEIVED...THERE IS NO GUARDIAN ANGEL...
NO SUPER HERO IN A CLOAK THIS IS ABOUT TRYING TO SAVE THE BANKS BEFORE THE ASS CRASHES ON DEVALUING ASSETS THE RICH ARE THE BANKS DO NOT BE FOOLED ITS ABOUT SAVING THE BANKS |
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firms arnt obliged to pay it,they,ll offer paye workers the 80 and say take it or paid off,
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Most people, if not all will have vastly reduced expenses. Surely the theory is that they will be on 80% wage.
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I imagine in this industry there's a big chunk of people off the grid, working in kitchens, cleaning and so forth.
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country can't afford this, it's madness ...why do employess need 80% if they're already getting a mortgage holiday ?
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ees
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And all the 'students' who have never seen the inside of a college in their life
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i can see people deliberately passing this virus on .
imagine the workshy thinking ' would be great ...no more signing on ,no more work searches' |
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600 a week for sitting on the sofa scratching my arse
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i don't think this has been thought through enough at all
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Understandably the government doesn't want hundreds of thousands on UC. The jeopardy is if it lasts indefinitely.
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Those people self-isolating because they are classed as 'vulnerable' will only get sick pay and not the 80%?
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they,ll be paying it back through tax system at some point,pension age pushed back again,pension freezes,etc
you can see the problem this drags on and millions of workere in gig /self employed going through benefits for 3 months ,after 3 months will paye get another 3 months at 80, whilst the rerst struggle on equivalent of 94 quid sick, worker v worker will appear |
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we have had three budgets in a week and a half, rishi must help out the self employed too at some point, probably wednesday or thursday if we keep going at the present rate.
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It's only twp weeks leif. Unbelievably, I suspect most adults want to work, sitting at home with no purpose becomes tedious pretty quick. The ones who don't want to work are already fulfilling that purpose.
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When will Rishi update us with the new fiscal rules
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Least the pension bill should go down a fair bit by the time this thing is finished
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still no mention of those doing the right thing retired,living off fixed incomes,savings, they've planned years for to avoid benefits system,now with shrinking investments, some will be eventually be forced on to the benefits they daved for years to avoid,
making true on the unwritten rule of average workers if you cant build a massive private pot don't build any pot just go through the benefits system |
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whats the floor 234 a couple on benefits you need roughly 200 grand to cover that,lot more to index link it
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How does it affect retired people?
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I,m think those in early retirement 55 /65 or are out of workplace,8 million truzz and patel keep telling us
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good few on here, me and mrs signing in
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This doesn't really impact you financially. Anything up to 50% capital loss at least should already be priced into your plans. Bear markets are cyclical events. For different reasons, but we were well overdue one.
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tbf you don't need much cash to sit in the house all day
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living off fixed incomes,savings, they've planned years for to avoid benefits system,now with shrinking investments
__________ they don't like helping people with any savings ...never have . that's because they want you to spend everything you have as you earn it ...ridiculous logic as you may need that money for 101 things |
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I'll get back to you on the other fred 1st time poster, but in withdrawal stage you should really have at least 30% in cash so you don't need to sell fund units in a down event.
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I hope this can work on a rota to make it fairer. First I'll take a week off, then Dave, then Fred, repeat.
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cheers cider but like millions of others I,m in the hands of the provider,
even before the latest meltdown I noticed the balance on yearly statement was 6 grand less than in 2019 so basically spent around 3 grand in contributions in a supposedly half decent year on stock market up till jan for them to lose 6, anyone drawing down on that fund must be tanking |
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imo, this isnt cyclical cider its a once in a hundred years event. we 'solved' a debt crisis with gargantuan new levels of debt, the corona virus is just the trigger. be very careful if buying shares in this market, there will likely be rallies but its going down a long, long way before the stock market comes back. the new strategy of the government means 12-18 months of very little economic activity.
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sorry I am not giving you anything
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don't worry about me like the bank of england ive got a few bullet,s to fire yet, grandkids will have to lose out
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I know poster but who likes giving any of the capital away
like most I know they worked their eres's of for it and now yet another eastern brewed disease is wafted in must remember to invest in chinese |
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I don't mean this particular downturn jolly, just that one should already be priced in.
This is a double whammy with a health and economic crisis at the same time. Nobody can correctly price this in. However we're not losing physical assets, or the means to generate wealth from those assets. Quite tough to call. I moved everything into government bonds in November, I'm now 50% in equities. My gut is that the US has more scope to go, more than the domestic heavyweights anyway. |
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Firms will do their Best get out of paying , Wait and see the Bollix they come up with ,Businesses that were struggling anyway will disappear with the Lot ,Be wholesale robbery nationwide ,As stated if people are ill they get the 90 quid ,Unless Firms ordered to Close no one is getting 80%
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