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Extended to October, could read plenty into that.
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Will let the experts decide
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A much needed early communication to businesses and employees alike.
I read that normality is not expected any time soon. |
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i think they seen a cliff edge in june/july with mass redundancy
retail , hospitality etc have no market this year |
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By th etime October comes many won't have jobs to go back to. It doesn't look great does it.
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entire industries will not recover
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It does look more like a "job share" scheme to me down the line eg fewer people at work to accommodate social distancing advice at work and transport, and possibly lesser customers too.
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Oh and thanks chav for England tax payers paying for this. Can you tell me where my 42 years of paid tax and national insurance have gone?
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I do think many will be back part time as well with the furlough making up the rest.
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Can you tell me where my 42 years of paid tax and national insurance have gone? -- Its probably gone towards one of the windmills that blight the countryside. They say they pay for themselves in 8 years, so hold on long enough and you may get a bit back.
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Sunak make sure the couch potatoes are covered for the remainder of the flat season
Good man...bookies should be happy. |
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i wonder how many of the furloughed people have actually found a 2nd job to make up the loss, i know of 3 people who have done this but i guess the majority will be sat at home, at least some will be payin back into the system
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i would say most are worried about futures , staring into an ever closing abyss
Hospitality , high street , aviation , farming , fishing , breweries , etc etc anyone employed in these sectors has a dark future , most wont have a job at a time when there is no jobs around |
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the knock on will affect every part of the economy, those that go early will just push other sectors off the cliff later
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Where exactly are the government finding the money to pay for this? The amount of times the government announce we're going to donate x to this sector, y to this charity, great in theory but where's the money coming from?
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your pension will be one (add on working an extra 5 years min), new tax and increased tax of all forms another, the rest from the "new austerity"
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new austerity is just cutbacks dressed up for thick people
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not sure how anyone won't be hit going forward, even them
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we're maybe on the verge after this of a massive political system overhaul, because I doubt many will view any of this as a success once the dust settles
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if he didn't extend or even start furlough he would have millions made redundant overnight
how expensive would that be in comparison ? Re starting an economy with half the industries shut down , paying millions UC or whatever they claim |
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The UK government have a good credit history internally and externally thus lenders will readily make funds available for them. Also, Covid-19 is not UK specific. As such, the UK have not lost economic ground/superiority to every trade competitor suffering the same fate.
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"t won't be coming at the expense of MPs pay, pension or expenses, you can almost guarantee that."
there was me thinking we are all in it toghether, anyway that is what boris keeps telling us |
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Apart from Sweden
and their experiment!!! Expect thy be a few blondes available for a good time  |
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how many wouldve been evicted from private rents and owned homes, doesnt bear thinking about it
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ive started watching the middle about a american couple with 3 kids living the simple life (still have a video recorder) set in indiana, very funny, only 20 mins per episode but has 9 seasons
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trouble is in these times many people live above their means and have loads of debts and little savings
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it's only been delayed, it's still in many cases going to happen
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Each MPs is £10k (on top of their annual remuneration plus expenses) better off courtesy of Covid-19 as additional payment to costs incurred working from home, etc. This is equivalent to 4 months "income support" for the top category recipient on the present government financial aid package ie those with their income stream decimated.
I think we all have been impacted - some more than others. But, I hope there is a positive side from it all without recourse to the NHS eg appreciation of freedom, and the ability to choose (options). |
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sadly its inevitable
revenue streams of many on high street will not be there for a long time effecting also those who supply the high street |
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remember watching cant pay wont pay tv series and they state many companies dont have extra money in case of the unforseen happening
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housing market's not been mentioned too much yet, once the jobs start shedding by the million pick a number for % drop
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The slack in the housing market is one of the positives (a property will eventually be worth the purchase price unless...), and must not be allowed to be taken advantage of by the buy-to-let brigade (with multiple properties) as it's not conducive to 1st time buyers or private renters.
A drop is virtually inevitable, but it's not such a bad thing - the bubble needs picking. |
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there is always a winner in desprate times, i bought some bp shares a few weeks back at £2.56 now at £3.12 so hopeing boris gets it right in the next month and i can cash out
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^^
Nothing wrong with that... a certain (quantifiable/calculated) risk involved; money makes money (if you have money). |
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and must not be allowed to be taken advantage of by the buy-to-let brigade (with multiple properties) as it's not conducive to 1st time buyers or private renters. You can bet your bottom dollar that there will be bank led syndicates buying up all the bankrupt housing stock. All those Tory MP's (and most of the labour one's too) buying into investment funds scavenging from the misfortune of the very people who elected them. Its the very definition of investment banking.
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7.5 million on furlough
what %age will have a job to go back to , i reckon maybe half will be redundant as soon as its cut if boris doesn't adopt a safer strategy there will be a second wave , then its curtains for economic revival Dr. Anthony Fauci issued a warning about states that disregard coronavirus guidelines for safely reopening. “There is a real risk that you will trigger an outbreak that you may not be able to control,” he said. Fauci said those actions would “turn the clock back” on stemming the tide of coronavirus infections. That would “paradoxically set you back, not only leading to some suffering and death that could be avoided, but could even set you back on the road to trying to get economic recovery,” Fauci said. Dr Fauci today |
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If the Government has shut your business down, it's fair that you still get paid. Now suppose your monthly take home was £2000 but is now £1600. How much worse off are you ? You aren't paying commuting costs be that fuel/parking, bus or train fares. You aren't buying your caffeine fix on the way in nor your sandwich from a shop at lunchtime. On your way home you can't have a pint. You can't go out in the evening to the cinema/theatre/concert with your popcorn/burger. At the weekend you can't go to the pub/football/racing etc. You can't travel anywhere.
Is 80% too generous? |
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Yes
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maybe it is a bit generous tbh
but they did their sums first was either that or mass redundancy this country has never ever seen before , would imagine the cost to gov more or less the same either way no point restarting economy with half the industries shut down and 5 million on state benefits |