Lock down = less spending.  It also equals less people working, less children being educated, less taxes, less horse racing venues, less football clubs etc.  It will eventually lead us back into the dark ages as there will be no money to pay for any public services, including NHS and police.  I hope that today's news about the R number increasing doesn't bring back the original lock down. The government needs to hold its nerve.

any recession that happens will transpire through unemployment causing negative stimulus,not national debt.

Your wasted on here Chav.

thanks,it was just a brief outline of the fiscal policy that will be adopted.

So 1% of the tax payers pay 28% of the tax . Ok fact

Another fact .. tax evasion cost the government 30 billion per year .

'ian merseyside', no worries. I'm here to share, learn and hopefully impart a bit of what I know. A major lockdown will never be accepted by the public - the UK is not N Korea.

Blanket scheme of no use to an industry that's unlikely to get off the runway this side of August.

If you have no revenue how can you absorb rent, loan repayments, 5/10/20% wage liabilities?

Nutsack reckons, "No-one wants to be sat at home, not contributing"



Ya gotta laugh

Is that allowed though? Or is he bending the rule to suit himself? It certainly is not in the spirit. I'm sure you'd rather choose when you go on your hols and during furlough.

On the BBC News 24 yesterday a few viewers complained that they had yet to receive their furlough money from their employers even though it'd been paid out as indicated on government website; their employers were unwilling to discuss where the money had gone either citing confidentiality. Furlough money used by employers for something else instead?

That's unfair. Your employer paying just £160 (if Covid-19 was not present and you're not on furloughed) towards your 2 week hols instead of £800, if I understand correctly.

There is a saying "the desire for money is the root of all evil", usually adopted by the "cleaver" ones if they think can get away with it.

If he'd been topping up your furlough money to 100% till the end of the government furlough period eg March to Aug (whenever the period ends) at least then he would not be deemed stingy if annual hols was introduced into the furlough equation. But, at present he's mean and exploiting the spirit and the purpose of furlough.

Let's hope he comes to his "senses" soon.

What a sad day for these poor folks? But, as always the administrators are coining it in just like they did in the Banking Crisis in 2008 - 2010 eg charging a bomb for doing very little.

one quarter of UK workforce being paid 80% directly by UK government and I'd wager only a fraction of these are having their wages topped up to 100% by their employers. when 1st August comes and employers expected (although not sure yet to what extent) to pay some of the 80%, then the trickle of P45s will become a flow...
when 1st October comes and UK government scheme (forecast!!) to end then the flow will become a torrent...

can expect at least 4M+ unemployed and the real sacrifices of front-line workers without PPE and the equally valid but less (presently) visible sacrifices by general population will be swamped in tax increases and yet more squeezing of public spending because the sources of tax revenue to UK government will have evaporated..

fuel tax, corporation tax, income tax, aviation passenger tax, VAT  - all down the swanee big time...it could all have been managed so much better if the 'scientists' leading the govt policy had included mathematicians, economists, sociologists and moral/ethical advisors - at the end of the day THIS government (and many others around the world) decided to sacrifice the future for 7bn people for next 10-20 years to 'save' probably less than 5 million...the price for each of the 380,000 lost so far is indeed hefty and these are the same 'leaders' (sic) who were asked for some relatively minor (in comparison) decisions to save the planet and who universally responded NO...

The government have been too slow implementing things all the way down the line and the same is happening now. It's the fear factor. They pushed the 1st June back to the 15th but allowed car showrooms to open!!! What's that all about? While they continue with furlough payments, most of the population will be happy the way things are. Which would you rather do? Battle your way twice a day through rush hour traffic for a job you're perhaps not too happy with or stay at home on 80% in this glorious weather?

Why wait until the 15th? Get shops and businesses open now. Let pubs open using beer gardens, I know a lot of landlords are keen and willing to do that. Stop or at least reduce social distancing and stop treating us like children, let people decide for themselves. If individuals are wary of close contact, let them decide whether or not to go out, whether or not to use protective items, masks etc. Queueing up to actually get into a shop would have been laughed at 4 months ago and yet people are behaving like lemmings and doing as they're told.

Sport is back behind closed doors but that needs to be moved on at some point to allow crowds back in some way. Again, if allowed, that will be implemented too slowly.....we need to be more positive!

I think that people are in for a shock. By the time that pubs, restaurants, gyms and sporting events get to reopen to the public, demand will be greatly reduced. Yes we will all go to the pub for the first weekend but then the recession will kick in. In the middle of all this there is still Brexit to deal with and the winter viruses that will get all the hysterical media and ill informed loonies demanding more restrictions. I think it will be a very difficult 2021 with unemployment remaining high and house prices getting hit.

The pubs will be mobbed by 'young people' the first weekend. Remember when we were young??