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Boris...

  • should completely lock us down immediately and fook up all our Christmas'

    Votes: 3 12.5%

  • let the bodies stack high

    Votes: 13 54.2%

  • lock us down from the 29th to fook up Treble's plans

    Votes: 8 33.3%
  • Total voters
    24
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armchairblue said:
Anything for the self-employed?......Probably not.
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No mate nowhere near enough. A bit of deferment on VAT payments for a couple of months. It's lip service.

The grant to pay for PAYE worker wages is good, but if you've got no trade coming in, you're still sat there twiddling your thumb and wondering whether you'll still be trading in a week.
 
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Treble said:
No mate nowhere near enough. A bit of deferment on VAT payments for a couple of months. It's lip service.

The grant to pay for PAYE worker wages is good, but if you've got no trade coming in, you're still sat there twiddling your thumb and wondering whether you'll still be trading in a week.
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Told you we'd get **** all.....
 
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I suppose after the virus is finished there will be lesson pensions to pay out :bandit:
 
remembercolinlee said:
Tbh a LOT of school will remain open, simply because there are so many key workers.
People tend to think of all NHS staff, firefighters and Police but as is being shown by this cleaners, refuse workers, delivery drivers, warehouse staff, shop workers, truck drivers, teaching staff street cleaners, pest control workers, and many other jobs (many previously looked down upon) are being shown to be key jobs in running our society.

Hope everyone is doing ok
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Yeah, I noticed the old road sweeper out doing his rounds in Muswell Hill this morning. If all this leads to greater respect and appreciation for these people doing those sort necessary jobs - binmen too of course, bus drivers - then that’s a silver lining too.
 
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brb said:
Yeah but it dosen't really answer my question, I was looking for more detail than that. For example, does the government have the money to pay out everything it has promised, how will they go about obtaining that money (printing it!). Basically where is the magic money tree.
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UK gov borrowing from
UK pension funds/insurance companies (29%)
Private corporations / other financial institutions
UK building societies. (e.g. building societies buy government gilts to invest their savings to get a decent return.)
UK Banks
UK Private investors
Foreign investors (foreign banks and foreign investment firms (2018 approx 20%)
Bank of England Asset Purchase facility (Quantitative easing)

the last one I think, not sure. Move some paperwork around, add some zeros to a computer and boom.

Massive government debt, and everything costing more, everything, including all of the services the government has to pay for to run. Operational costs for companies.

But what would be worse is there if was no economy to pick back up, and the worst hit would be all of the industries that make everything actually work!

Its a rock and a hard place, and truth be told, if the gov is good at one thing, its borrowing ****loads of money and keeping the rickety carriage rolling on
 
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'fixed' Sisu said:
UK gov borrowing from
UK pension funds/insurance companies (29%)
Private corporations / other financial institutions
UK building societies. (e.g. building societies buy government gilts to invest their savings to get a decent return.)
UK Banks
UK Private investors
Foreign investors (foreign banks and foreign investment firms (2018 approx 20%)
Bank of England Asset Purchase facility (Quantitative easing)

the last one I think, not sure. Move some paperwork around, add some zeros to a computer and boom.

Massive government debt, and everything costing more, everything, including all of the services the government has to pay for to run. Operational costs for companies.

But what would be worse is there no economy to pick back up, and the worst hit would be all of the industries that make everything actually work!

Its a rock and a hard place, and truth be told, if the gov is good at one thing, its borrowing ****loads of money and keeping the rickety carriage rolling on
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At least the interest rates are low <whistle>
 
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brb said:
Ok, for those of you out there in the know, where will the government get the money from to pay people's wages?

Would they seriously print money and if so what effect will that have on our economy after this is all over.

Please no political responses.
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They’ll borrow it. On the gilt markets. Interest rates are at record lows.

Remember all that stuff about the magic money tree, and what the country can and can’t afford? All bollocks mate, always was. Fair play to a Tory Chancellor for doing the right thing tbf.
 
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Archers Road said:
They’ll borrow it. On the gilt markets. Interest rates are at record lows.

Remember all that stuff about the magic money tree, and what the country can and can’t afford? All bollocks mate, always was. Fair play to a Tory Chancellor for doing the right thing tbf.
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agree
With how the government actually gets and manages money, forever putting debt further and further into the future, and servicing the debts essentially, they should borrow us all into mink coats cheese burgers and private jets and let the folk in 4020 worry about it :D
 
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'fixed' Sisu said:
agree
With how the government actually gets and manages money, forever putting debt further and further into the future, and servicing the debts essentially, they should borrow us all into mink coats cheese burgers and private jets and let the folk in 4020 worry about it :D
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I LIKE that idea :-)
 
brb said:
Ok, for those of you out there in the know, where will the government get the money from to pay people's wages?

Would they seriously print money and if so what effect will that have on our economy after this is all over.

Please no political responses.
Click to expand...
In a word - debt.

At face value they’ve made the right call here (as always, I’ll read the small print before relaxing though) the cost will be huge, but it was a case of needs must, so 100% necessary.

The downside will be once we recover, as there’ll be a price to pay, and that’ll have to be via increased taxation.
 
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'fixed' Sisu said:
agree
With how the government actually gets and manages money, forever putting debt further and further into the future, and servicing the debts essentially, they should borrow us all into mink coats cheese burgers and private jets and let the folk in 4020 worry about it :D
Click to expand...

**** our grandkids - let’s all have bentleys :emoticon-0178-rock:

Already lots of young people feel let down by previous generations... maybe rather than keep being pissed off we should just keep kicking the can down the road....
 
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brb said:
Ok, for those of you out there in the know, where will the government get the money from to pay people's wages?

Would they seriously print money and if so what effect will that have on our economy after this is all over.

Please no political responses.
Click to expand...

The Muggle Prime Minister and his chancellor have agreed a borrowing facility with Gringots Bank ... the downside is that any default could result in the return of he who can't be named ... <cheers>
 
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Tobes said:
In a word - debt.

At face value they’ve made the right call here (as always, I’ll read the small print before relaxing though) the cost will be huge, but it was a case of needs must, so 100% necessary.

The downside will be once we recover, as there’ll be a price to pay, and that’ll have to be via increased taxation.
Click to expand...

When do the tax hikes and austerity kick back in to pay for all this is the next question to be answered.

I wonder if the huge spending pledges in the budget will even be kept?

As you say though I think in this situation there really wasn’t much option but to spend big to try to stop the economy going into freefall. If there was ever a time to ignore ones normal ideological view of government spending it was now.

Keeping the economy on its feet when we come out the other side of this is the main aim right now and it’ll be interesting to see which countries can say they’ve achieved that when this is over.

P.s. could this be what tips the eurozone over the edge and leads to the collapse of the EU? <whistle> (Sorry brb this was a joke!!!)
 
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