Who wants to be the lucky ones and stay home and get 80% wages

Government to cover 80% of salaries for retained workers, up to £2,500 per month.
Employer will require to continue to make up the difference i.e. 20%

its basically a free for for business ghost workers every where, basically if you've been let go,zero,hrs,self employed,part time its through the  benefit system as it would have been before corna even appeared,
helicopter money to all goes to those who don't need it,money to business to divvy up doesn't go to those who need it

The best and most capable workers within company's will have to stay at work and earn their money whilst the light weights get sent home for a 3 month holiday on practically full pay.

The Govt are damned if they do and damned if they don't but there will be a lot of unrest within the workplace.

3,4 screaming ankle biter,s atnhome waiting for you, 6 and 2 3.s

What about premiership footballers wages ?

fraud will spread faster than the virus

Very true.

every curry house in the country suddenly has an extra 50 employees

I've just given myself a pay rise

Time to go down the pub to celebrate

I'd not mind...for a change and a while.

basically a 20% pay cut for minimu wage earners ib pub industry employers no compulsion to pay the other £1,60 an hr,kids,housing benefit etc wont some be better off just applying for un credit,millions of bar jobs in London when it picks back up again,so your not really protecting anything by staying on pay roll

Come on 1st time poster...people are getting paid for doing **** all...isn't that what socialism is all about ??

The conmen and fraudsters will be creaming their kegs

Where is all this cash coming from?

Central banks cutting interest rates to almost zero... Wait for the sting in the tail

"He's shifted but I think he needs to go a lot further and a lot faster."

Mcdonnell

What the fùck is this guy on about

Mar 20, 2020 -- 7:12PM, jucel69 wrote:

"He's shifted but I think he needs to go a lot further and a lot faster."McdonnellWhat the fùck is this guy on about

More keynesian bollocks

everybody in the uk is going to become overweight alcoholics...........if they weren't already

i dont see the negative jucel69

I think Rishi has been fantastic and the policies they have gone with have been huge. Much more than I expected.
Very calm and reassuring, the Tories have found a gem there.
Expect him to be PM one day

Next announcement will be that Monopoly money to become legal tender.

I can see some severe money printing coming soon

Seems just like yesterday everyone was whinging about austerity....

Mar 20, 2020 -- 7:24PM, Eric.Cartman wrote:

Seems just like yesterday everyone was whinging about austerity....

from austerity to Keynes with the click of the fingers
and Mcdonnell wants more, the blokes are complete fruitcake

Rishi must have consulted his mum on this relief package.

must be drawing down a few trillion from one of our tax havens?

it's being paid for by the global elite, all part of the masterplan to take over the world

Next announcement will be that Monopoly money to become legal tender

i don't get this  .... so if  the govt are stepping in to pay the wages surely workers can go back to work   and keep the business open

examples car plants ...they don't need to halt production anymore  ,simply produce  more cars and moth ball them short term

most who benefited from package were likely watching tea time conference while standing on a bridge ledge tbh looked like a whole industry destroyed overnight then saved by the nasty tories

none will work if buildings are closed will they ?

'acdc', have you signed up yet with no income form punting? 80% is tempting.

where the hell with the cash come from ?  ...they'll need the equivalent of the benefits budget for the whole of Merseyside

Employees in certain sector have no customers eg hospitality and entertainment. Also, those that affected by Covid-19 as a result.

But, I can foresee a  massive fraud pending from the unscrupulous - the scammers.

UK Plc is still creditworthy, not junk status (yet).

Wot about peeps who work on the side,an extra £2.5k a month would be a nice wee bonus.

Think world war 2..paying 60 years after.

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

i think its only for folk who were already employed

its not some supergiro lads

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.

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

firms arnt obliged to pay it,they,ll offer paye workers the 80 and say take it or paid off,

Most people, if not all will have vastly reduced expenses. Surely the theory is that they will be on 80% wage.

I imagine in this industry there's a big chunk of people off the grid, working in kitchens, cleaning and so forth.

country can't afford this, it's madness ...why do employess need 80% if they're already getting a mortgage holiday  ?

ees

And all the 'students' who have never seen the inside of a college in their life

i can see people deliberately passing this virus on .

imagine the workshy thinking ' would be great  ...no more signing on ,no more work searches'

600 a week for sitting on the sofa scratching my arse

i don't think this has been thought through enough at all

Understandably the government doesn't want hundreds of thousands on UC. The jeopardy is if it lasts indefinitely.

Those people self-isolating because they are classed as 'vulnerable' will only get sick pay and not the 80%?

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

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.

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.

When will Rishi update us with the new fiscal rules

Least the pension bill should go down a fair bit by the time this thing is finished

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

whats the floor 234 a couple on benefits you need roughly 200 grand to cover that,lot more to index link it

How does it affect retired people?

I,m think those in early retirement 55 /65 or are out of workplace,8 million truzz and patel keep telling us

good few on here, me and mrs signing in

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.

tbf you don't need much cash to sit in the house all day

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

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.

I hope this can work on a rota to make it fairer. First I'll take a week off, then Dave, then Fred, repeat.

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

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.

sorry  I am not giving you anything

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

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

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.

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%

as I said earlier you can see why in my statement gives you the 10 or so biggest companies you've got stocks in and thers about 6/7 that been getting tanked  in the crash likes of bp,shell,oil price crash,no demand, hsbc,prudentail although they had a little bounce early oin today, rio tinto clobbered by slowdown, all these will be in millions of funds ,imo the falls are that big 70% of ftse market could rise and yours could mostly fall ,only surprise was I had no airlines/holiday companies in there,but others will have,vodaphone BATOBBACCO ANOTHER 2 in there not sure how there doing

cider aftertiming moves in assets is still aftertiming, if bearcub was here he wouldnt be impressed

i will price it for you, dow topped at 29,551, it is now 19,174. give it a year and it will be below 10,000 maybe even as low as 5-6000, but there will be rallies on the way down.

How are they they going to Get back crooked Claims ???

case is on the money, my brother is the managing director of two small companies and today he told me he has two of his clients asking for deferral of payment  (and they are already on about 100 days credit). they asked to speak to someone more senior, that means ceo of the european group. he told me the names of these two companies, they are household, i was shocked.

as i have said before, it wont be long before the only use for many share certificates is to wipe your @rse.

can I assure any of you that I would not keep anyone on at all if I was not taking in money.

I don't suppose any of you own a business and have no understanding of the situation

I bought rdsb around 1250 lol jolly.

I can't access my pot until at least 12 years from now, I'm happy to 'gamble' and get some oil giants in my book. I won't be crystalising anything for more than a decade. This virus thing should push back the green agenda anyway

On my personal picks I generally have an appetite for yield. Though have Ocado and one or two others in my portfolio.

Mar 20, 2020 -- 7:12PM, jucel69 wrote:

"He's shifted but I think he needs to go a lot further and a lot faster."McdonnellWhat the fùck is this guy on about

My thoughts exactly!  Nearly wet myself when he said that JSA should have been given a boost too.  On what basis?!?

In a low margin world, it doesn’t take much of a curtailment in revenue to male a business non viable.

I thought long and hard today to bail out over next few weeks using whats left of 20p tax this year and 40 odd in april, plus a bout 20 grand tax free,still about 14 grand in tax, markets were up 5% early today but my pot was still 2 grand down from last night,from around 150 grand I reckon I could get about 100 grand out either side of new tax year,but could lose another 10 grand plus before then depending on markets,my old man advised me to stay put but might act next week
its a gambling forum so to get your 30.40 grand back never mind any increase its a 2 to 7 shot risking 150 ish to get 30/40 back,because of my age circumstances I,ll have to start emptyimng it anyway in 3, 4 max years time,
scary times

Like I said before, if you decide to pull stumps you can move to cash within the wrapper, you don't need to withdraw it all and pay marginal 40% that would be foolish.

N=Be plenty of newly employed staff at Many Restaurants

Off the Social Cracked with a New position  600 quid a week cleaning the Shyteholes

Country is sadly be Run by Mugs  ,who will be turned over for Billions ...

Assuming you're aware of flexi drawdown. Say your pot is £100K and you're still entitled to the tax free element. You can take the full £100K, £25K tax free and the £75K goes into a separate 'crystalised' pot which all withdrawals are taxed at your marginal rate.

The True working man will be Lucky to get 90 quid if they are half dead You cannot make it up , Can you imagine the Schemers foooking hell they will get the foooking Lot ... Fair play to them Foooking Mug hole country we live in ...

ive already got a crystalised pot cider that's why the tax free bit is slightly less than a quarter of whole pot

Cool, so if you do want to pull stumps just sell the fund into cash held within the sipp. Then you can realise it at the most sensible marginal rate as and when.

Employment will be at 99 % Next week Whole families off the Social  NEW JOBS ,Monkey a week Cleaning the Bogs 40 employees in a 20 seater restaurant

Beyond Belief

dont be silly it will be 104%

I am putting my christmas light back up all over the house and drive  - FK THE LOT OF YOU miserable fkrs

panasian panicdemic

Mar 20, 2020 -- 11:15PM, casemoney wrote:

Employment will be at 99 % Next week Whole families off the Social  NEW JOBS ,Monkey a week Cleaning the Bogs 40 employees in a 20 seater restaurant  Beyond Belief

Why do you keep putting silly wee faces on all your posts?

For SCs that read them

does that make me a sc?

oh well

What about business that ask workers to come to work but on reduced hours, they then suffer because they end up with less money than the worker's sent home, which creates bad feeling for the guys who have to attend work. The 80% should count for "reduced" work as well as no work but it appears that it doesn't. If you have lost money through reduced hours but can still go to work it stands to reason that you should get the 80% make up to your wages too.

Also if you are self isolating through being in an at risk group you only get the £97 quid sick pay, this then leaves the individual potentially risking going to work to get paid.

97 quid, so that's 3 toilet rolls,some milk and one deliveroo......

Can you do the double still, or is it called the treble now