Chit Chat
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11 May 20
16:56
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08 Sep 05
But being reduced to 60% from 80%
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Whoever is left in work at the end of this will be paying more tax
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https://www.yourmoney.com/household-bills/furlough-scheme-to-be-extended-until-september/
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Godsend for me but yep the government are going to have to get this money back somehow.
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Does the employer have to pay the other 40% or does the worker just get the 60%?
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Up to the employee, they can top up if they choose to. My employer are currently topping up the government payment so I'm getting 80% of my normal wage.
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Tax payer will be paying for this for around 30 years+
And as for save the NHS, it will be shave the NHS once this 5hit show is done. |
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Up to the employer soz
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Cost £400bn so far.
That is two and a half years of NHS many gone up in smoke that to Ferguson et al. |
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Up to the 3rd May, the furlough payments have cost the government 8billion
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Correction is costing £16bn a month.
Still adding up fast though. |
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The alternative is stop the scheme now, thousands of companies go bust and millions of people are unemployed. 1
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Should the furloughed workers pay it back themselves over time?
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the alternative is to let everyone go back to work
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Not sure how that is not going to be the case anyway.
Sure some will be saved but many will not as demand will fall for a lot of non-essentials. People will just not have the money. Social distancing rules will make many service industries impossible. |
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I'm going strawberry picking for a few weeks. A cut in wages, but how could you be anywhere nicer this summer.
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Are you, Saddo? I think there’s gonna be a huge cut in wages for our type of work anyway. A 40 hour a week supermarket job might look tempting in a few months time.
Regarding our national debt. Let future generations pay the fooker off! I don’t think the furlough payments are gonna scratch the surface of what we already owed anyway. |
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I am, a farm in the Rhubarb Triangle where I played as a kid, looking forward to it though it will be hot in the poly tunnels. I'm not fussed for much work after that, unless I enjoy it or it's well paid.
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Government need to gets running they must be losing a fortune at 60p a litre tax
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Get cars running
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They represent a significant source of revenue for government. In our latest forecast, we expect fuel duty to raise £28.4 billion in 2019-20. That would represent 3.5 per cent of all receipts and is equivalent to £1,000 per household and 1.3 per cent of national income.
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how much is Trident costing these days
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I hope it all goes well, Saddo. I’d imagine it’ll be a decent craic if you get some good people doing it with you.
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Most of the furlough money will be recycled and will pay for itself compared to the desolation of pushing folk onto universal credit.
But... If we underpay folk on furlough or take too long to get back then we risk losing the advantage the scheme brings. Closing sports grounds tells folk it is unsafe so they are overly cautious in other parts of their lives. A good strong message when the time is right should boost value of furlough, and get folk spending again. Keep watching France, Germany, Spain and Italy as well as testing at home Fingers crossed for not big spikes in the curve And please wear a face mask if you can get one |
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Scrap HS2 would seem to make sense right now.
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60% FFS..........people will be better off on the rock and roll !
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Scrap hs2 and trident if you want to pay for brexit and furlough through Dec 20
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Of course if you scrap hs2 or trident the tory grandees will lose out so it won't happen
Just look at all these new contracts Cummings mates are being awarded. |
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So that's trident, hs2 and well, don't be surprised if Rishi sticks another huge whack of tax on booze,cigarettes and particularly petrol.
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He can't pp, he needs to cut taxes to boost spending not hike em up
We need more spending on vatable goods and those already bearing duty. Helicopter money would be a good idea for getting it started, but impact would be not to build up to it, just announce say 600 quid for each person on electoral roll Better still if its on a 3 month valid cash card |
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I'll take 6o% over dole thanks
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Yes, but he isn't a charity and he has to start balancing the books and fast, so that hopefully he can show he has the UK on a sounder financial footing post virus and pre general election.
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Ha, he doesn't have to balance the books he has to nurse the economy through the disaster of corona, if he fails then its disaster for us all.
Keeping cash in the system is all that matters Then the system works again when the lockdown unfurls Borrow the money at 1-2%... inflate it away |
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One addition had I been Sunak would be to insist credit card interest was frozen for the period of furlough
We bailed out the banks a decade ago now let them help bail out uk |
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The banks stopped their dividends and cut their interest rates to nothing ie natwest 0.05%.
They aren't helping anyone but a worst case scenario of housing crash,loan defaults they might be correct. |
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It might suit some people politically to see the back of trident & hs2 but aren’t these exactly the type of high employment projects that the govt will need to promote ?
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There's a magic money tree don't you know so no need to worry ...
You can bet your bottom dollar the wealthy will still have their fortunes come the day of reckoning |
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Try borrowing off natwest at 0.5%
I got a remortgage offer for a bad credit risk for 30% of Property value and they wanted 3.5 %, but it was a saving on The 5% they had been stuck on these past 5 years or so. The banks treatment of folk makes me weep. |