Coronavirus

[Edelman]

I’m hoping that Sunak makes a major announcement about supporting company payrolls tomorrow.
As otherwise, there’s going to mass lay offs / redundancies after the month end.

Leaving aside the actual virus itself, the clinical view and the human cost of the thing. Make no mistake, this is now an economic crisis the like of which we’ve not seen in Peacetime. Having spent the week immersed in spreadsheets, cashflow forecasts and endless conference calls, I’ve not spoken to a single peer who isn’t resigned to having to letting people go in the coming days / weeks. The numbers are going to be absolutely astronomical, without a massive Govt intervention.

My daughters been told today it's down to a 3 day week but could get worse !
She only recently but first home .
The other daughter has been told 2 days a week but in a months time they dont know !

 

[Tobes]

My daughters been told today it's down to a 3 day week but could get worse !
She only recently but first home .
The other daughter has been told 2 days a week but in a months time they dont know !

Sorry to hear that mate.

 

[Chief]

One of the sciencey people flanking Johnson at the press conference today made it one of his key points ie young folk shouldn't think that this can't make them ill enough to use up a hospital bed. It can and it is which is putting unnecessary extra pressure on the NHS. I haven't been into London for months but I'm told the pubs and restaurants are still quite busy.

Took my car to be cleaned at one of those hand car washes yesterday, after work. That was dead.

Walked down into the shopping bit for some cash to pay, thought I'd have a coffee.

The coffee place was shut. (sadly, best coffee I've ever had bar France and I sincerely hope it's not a terminal closure).

Thought **** it, I've 20 mins to kill, I'll have a pint.

Place was far from busy but those in there were 80% pensioners!

 

[Chief]

*the pint was not a high strength IPA or anything*

 

[Stan]

Took my car to be cleaned at one of those hand car washes yesterday, after work. That was dead.

Walked down into the shopping bit for some cash to pay, thought I'd have a coffee.

The coffee place was shut. (sadly, best coffee I've ever had bar France and I sincerely hope it's not a terminal closure).

Thought **** it, I've 20 mins to kill, I'll have a pint.

Place was far from busy but those in there were 80% pensioners!

There are definitely pensioners who are taking the "**** it" mentality. One of my brothers lives in Fulham and he says the young twats are still filling the bars and restaurants both there and in the West End. I know plenty who work in the City who say it's still busy. They're immune because they're well off, innit.

 

[armchairblue]

There are definitely pensioners who are taking the "**** it" mentality. One of my brothers lives in Fulham and he says the young twats are still filling the bars and restaurants both there and in the West End. I know plenty who work in the City who say it's still busy. They're immune because they're well off, innit.

Alcohol kills everything,fill your boots

 

[Spurlock]

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[Tobes]

Took my car to be cleaned at one of those hand car washes yesterday, after work. That was dead.

Walked down into the shopping bit for some cash to pay, thought I'd have a coffee.

The coffee place was shut. (sadly, best coffee I've ever had bar France and I sincerely hope it's not a terminal closure).

Thought **** it, I've 20 mins to kill, I'll have a pint.

Place was far from busy but those in there were 80% pensioners!

We survived the Waaaaarrrrrr no poxy flu is going to see us off.

 

[brb]

They matter and we should all give a bit towards them. Now more than ever.

Once this is over I'd scrap universal credit and replace it with UBI.

I think your gesture of goodwill of giving everyone £200 a week falls down for a number of reasons.

The country already has many Universal Credit claimants who don't even have the £70 a week they are given due to debt, so they queue at foodbanks.

Also the £200 would not be means tested, and under benefit rules NO ONE is entitled to any sort of benefit if they have over £16k savings, which could be a high number of your blanket payment. Should we really be helping people with that much in savings, when we have people going hungry.

Finally even if it was only over £6k savings, which again would probably well exceed the £16k numbers in people, they would lose x amount on every hundred pounds they are over that £6k threshold.

Thwart with problems, unless you make it every UK citizen.

 

[Edelman]

As I understand it, if everybody was to try and take their money out of the banks at the same time, they wouldn't have enough to honour the credit. As so much of our money is tied up in their investments.

There was a new law passed after the financial crisis about peoples savings .
It states that people deposits can but used to re capitalise a faiing l bank using customers money by converting it into shares in that bank .

 

[remembercolinlee]

Thanks mate. Hope you and yours are all finding a way to negotiate this mess ? Big love to you all.

Cos of my job my wages are safe...we all recognise how lucky we are compared to so many others which is why we are all prepared to work through the school holidays.
It is vital that those losing so much are protected...once this **** chills the **** down as many as possible need to be in the right physical and mental health to rebuild what maybe a near broken economy.
I don't pretend to understand this ****ed up **** but I do know that if people are not looked after by individuals and the government then we is all ****ed.

If we go into a recession after then my job, my partners job, my mates jobs may be at risk.

This illness effects us all and so will any economic breakdown.

I genuinely hope everyone on here gets through all the **** that's going down.

Now for the hippy RCL bit...kindness is needed as a lot of people are going to experience mentsl health issues from the stress.
I found the information for our local MIND freephone counselling number for adults...and the Childline number for kids and got them tweeted out to all our school families.
If your worried chat to someone...this thread is useful to a lot of people so in the spirit of this maybe @Hoddle is a god could either chat respectfully or stay away from the thread cos it would be **** if this went the way of that car crash of a politics thread.
Good luck mate.

 

[Edelman]

I've just happened upon some in Tesco in Newport, not too far a drive that is it?

I only went in for a bottle of Malbec but bought a pack of toilet roll for good measure.

I also bought the solitary pack of dried penne that happened to be there.

Felt insane doing it.

I went into asda to get some lasagne sheets .
Totally forgot what I went in for and ended up with 2 yoghurts ,pack of lemon drizzle 90 calorie snacks ( bloody lovely) and 4 bananas .
Bloody memory only realised when started driving home

 

[brb]

Cos of my job my wages are safe...we all recognise how lucky we are compared to so many others which is why we are all prepared to work through the school holidays.
It is vital that those losing so much are protected...once this **** chills the **** down as many as possible need to be in the right physical and mental health to rebuild what maybe a near broken economy.
I don't pretend to understand this ****ed up **** but I do know that if people are not looked after by individuals and the government then we is all ****ed.

If we go into a recession after then my job, my partners job, my mates jobs may be at risk.

This illness effects us all and so will any economic breakdown.

I genuinely hope everyone on here gets through all the **** that's going down.

Now for the hippy RCL bit...kindness is needed as a lot of people are going to experience mentsl health issues from the stress.
I found the information for our local MIND freephone counselling number for adults...and the Childline number for kids and got them tweeted out to all our school families.
If your worried chat to someone...this thread is useful to a lot of people so in the spirit of this maybe @Hoddle is a god could either chat respectfully or stay away from the thread cos it would be **** if this went the way of that car crash of a politics thread.
Good luck mate.

I won't let it go the same way. I've already removed Astro and Aberdude has fooked off to.

 

[Tobes]

There was a new law passed after the financial crisis about peoples savings .
It states that people deposits can but used to re capitalise a faiing l bank using customers money by converting it into shares in that bank .

Under the Financial Services Compensation Scheme the U.K. govt guarantee your savings to the tune of £85k per person (so £170k per couple) in the event of a bank going tits up. Brought in to avoid the rush to withdraw cash and therefore potentially finish a bank off by removing its liquidity, should they hit problems.

 

[Chief]

I went into asda to get some lasagne sheets .
Totally forgot what I went in for and ended up with 2 yoghurts ,pack of lemon drizzle 90 calorie snacks ( bloody lovely) and 4 bananas .
Bloody memory only realised when started driving home

There probably wasn't any lasagne sheets left anyway, don't worry about it.

 

[BobbyD]

A UBI could be affordable. For instance, handing out £1,000 cash per person per month would cost the government about £66bn a month — a fraction of the nearly £500bn bailout the UK needed to stay afloat during the 2008 financial crisis. It would only be a temporary measure.

https://www.ft.com/content/927d28e0-6847-11ea-a6ac-9122541af204

66bn a month is 792 billion a year mate.

lol the 500 billion for our bailout was a ONE off (shoulda just let the banks fail)

you know in 2018 they only spent 795 billion for everything of which only 174 million was on welfare (not inc pensions).

Not sure we can afford a 1000 quid a month UBI, and if UBI isn't a thousand quid a month, i'm not sure people are going to be able to buy food and rent and live, especially in london

 

[Tobes]

There probably wasn't any lasagne sheets left anyway, don't worry about it.

No one but @PISKIE eats the whole grain ones.

 

[PINKIE]

66bn a month is 792 billion a year mate.

lol the 500 billion for our bailout was a ONE off (shoulda just let the banks fail)

you know in 2018 they only spent 795 billion for everything of which only 174 million was on welfare (not inc pensions).

Not sure we can afford a 1000 quid a month UBI, and if UBI isn't a thousand quid a month, i'm not sure people are going to be able to buy food and rent and live, especially in london

I think the proposal for UBI is for a few months.

 

[remembercolinlee]

The corner shop owner next to my school said two blokes were kicking the **** out of eachother .... over a packet of toilet roll.

There is a beautiful irony in that

 

[Tobes]

66bn a month is 792 billion a year mate.

lol the 500 billion for our bailout was a ONE off (shoulda just let the banks fail)

you know in 2018 they only spent 795 billion for everything of which only 174 million was on welfare (not inc pensions).

Not sure we can afford a 1000 quid a month UBI, and if UBI isn't a thousand quid a month, i'm not sure people are going to be able to buy food and rent and live, especially in london

He forgot that we’ve not got 66m working age people. We have circa 25m.

The idea of UBI is interesting but simply not appropriate for this crisis and the immediacy it requires.