FabSwingers.com > Forums > Virus > Unemployment Ticking Time Bomb

Unemployment Ticking Time Bomb

By (user no longer on site) OP over a year ago

I think there’s a ticking time bomb where unemployment is concerned just around the corner. Once the 3 month government 80% furlough deal ends at the end of May I fear we are going to see a huge amount of people losing their jobs in a very short time scale.

The government made it very easy for companies to furlough their staff at no cost to the employer. But I think once that ends many companies both large & small will then cut a large amount of their workforce.

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming

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By (user no longer on site) over a year ago

I'm worried about it. I'm furloughed as of April 1st, and I'm not at all sure things will pick up at the company by the end of May.

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By (user no longer on site) over a year ago

There is a "promise" from government (Rishi Sunak) to "do whatever is needed" and to extend the period as required.

We can only hope they are good to their word. I can see another 3 months after this one before we are out of this mess.

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By (user no longer on site) OP over a year ago

"There is a "promise" from government (Rishi Sunak) to "do whatever is needed" and to extend the period as required.

We can only hope they are good to their word. I can see another 3 months after this one before we are out of this mess."

Surely the buck has to stop somewhere though ? Rishi massively underestimated how many people would be furloughed through the scheme. Initially he thought it would cost the treasury £10bn over 3 months but they are estimating that to be more than triple now. He was expecting about 10% of the private sector (3 million people) to be on it. He’s woefully underestimated it and also I know for a fact it’s being massively abused

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By *-4pleasureCouple over a year ago

Belfast

"I think there’s a ticking time bomb where unemployment is concerned just around the corner. Once the 3 month government 80% furlough deal ends at the end of May I fear we are going to see a huge amount of people losing their jobs in a very short time scale.

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming "

Hard decisions need to be made and I think by the Govt detailing a peak at Easter they are preparing us all for a gradual lifting of restrictions.

I don't envy the person who has to decide between more deaths and the bankruptcy of a complete country.

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By (user no longer on site) over a year ago

The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked.

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By (user no longer on site) over a year ago

Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

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By (user no longer on site) over a year ago

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

I would imagine the middle class (whatever they are) also contribute massively to the tax revenues.

Mind the chip on your shoulder.....

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By *ostafunMan over a year ago

near ipswich

I think it will all come down to how long before they can roll out a accurate test to see who has had it.

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By *-4pleasureCouple over a year ago

Belfast

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

Dont think anyone suggested anyone was "more deserving" of help. This isn't a class issue.

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By (user no longer on site) over a year ago

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

I would imagine the middle class (whatever they are) also contribute massively to the tax revenues.

Mind the chip on your shoulder....."

Apart from some of the nhs workers it's the working class keeping the country going post men bin men supermarket workers.

After all this people will wake up and see some for the useless twats thay are.

enjoy being poor.

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By *-4pleasureCouple over a year ago

Belfast

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

I would imagine the middle class (whatever they are) also contribute massively to the tax revenues.

Mind the chip on your shoulder.....

Apart from some of the nhs workers it's the working class keeping the country going post men bin men supermarket workers.

After all this people will wake up and see some for the useless twats thay are.

enjoy being poor.

You sound very angry chum.

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By (user no longer on site) over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming "

I think you are right. Bang on.

We are not looking at a recession. We're facing a depression.

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By (user no longer on site) over a year ago

Society has always lived of the masses and the poor, what's going on now is just putting in the spotlight.

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By (user no longer on site) OP over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming

I think you are right. Bang on.

We are not looking at a recession. We're facing a depression. "

So it’s not just me thinking this. I haven’t seen this reported once in the media. The problem with people like Rishi coming up with these schemes is he doesn’t live & operate in the real small business world.

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By (user no longer on site) over a year ago

Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions.

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By (user no longer on site) over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming

I think you are right. Bang on.

We are not looking at a recession. We're facing a depression.

No I think this is a marathon not a sprint. Some companies are going to go belly up and we won't see them again. What we are going to see is the disappearance of the small businesses who did not have the collateral to ride through this. Large enterprises and chains will survive but the small businesses will go under.

People are going to be very cash strapped in 6 months time.

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By *xMFM3sumsxxWoman over a year ago

SouthWest Lancashire

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

You have to claim it online. Then there are 5 sources to prove your identity (none of which i have heard of before i claimed), if they don't work you need an appointment at the job centre. I only had to wait a week for my appointment but claimed just before the lockdown so fk knows how long you have to wait now.

Lol, and you need to be looking for work 40 hours a week and prove that. Good luck claiming, i ain't got paid yet nor fulfilled all the criteria so probably gonna get sanctioned before i even get anything.

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By (user no longer on site) over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming "
i think you're right in certain sectors but not in all

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By *xMFM3sumsxxWoman over a year ago

SouthWest Lancashire

"The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked. "

This government has ensured they don't have to pay everyone what is their right under law anyway. Been doing it ever since they got in.

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By (user no longer on site) over a year ago

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions. "
So labour would have stopped the virus, I know it's leader was JC but not the real one. Even if his followers believe he was.

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By *xMFM3sumsxxWoman over a year ago

SouthWest Lancashire

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions. So labour would have stopped the virus, I know it's leader was JC but not the real one. Even if his followers believe he was. "

I wouldn't have minded the free internet though, would be handy right about now.

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By (user no longer on site) over a year ago

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions. So labour would have stopped the virus, I know it's leader was JC but not the real one. Even if his followers believe he was. "

This is not a conversation about stopping a virus. This is a conversation about the shape the poor are going to be in when the dust has settled.

I am a person who benefits from a conservative government but drove 70 miles on election day to an area where my vote would best benefit the poor. Only to discover that voter turnout in the area was 3%.

What am I saying? I'm saying many of us complaining about our circumstances didn't even bother to vote in the most important election of our generation.

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By (user no longer on site) OP over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming i think you're right in certain sectors but not in all

I’m not saying every single company in every single sector. I’m saying ‘many companies both large & small’.

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By *wisted999Man over a year ago

North Bucks

"The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked.

This government has ensured they don't have to pay everyone what is their right under law anyway. Been doing it ever since they got in."

What should people be paid in accordance with their rights under the law?

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By *xMFM3sumsxxWoman over a year ago

SouthWest Lancashire

"The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked.

This government has ensured they don't have to pay everyone what is their right under law anyway. Been doing it ever since they got in.

What should people be paid in accordance with their rights under the law? "

https://www.gov.uk/government/publications/benefit-and-pension-rates-2019-to-2020/proposed-benefit-and-pension-rates-2019-to-2020

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By *ensualguy70TV/TS over a year ago

paisley

If the Government are the ones preventong ua from working then they then become responsible for keeping us afloat

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By (user no longer on site) over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming i think you're right in certain sectors but not in all

I’m not saying every single company in every single sector. I’m saying ‘many companies both large & small’. "

This guy is American but much of what he says is just as applicable here.

https://www.businessinsider.com/robert-reich-unemployment-during-public-health-crisis-2020-3

Big companies have collateral and the one good thing governments have done to keep the economy going is drop interest rates. This means large concerns can borrow enough money to keep them going.

A good example is the airlines. Those planes will fly again and as such have value that can be borrowed against.

The guys we need to look after are the individuals. Most of us were on the breadline before COVID-19 came along.

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By *ty31Man over a year ago

NW London

[Removed by poster at 03/04/20 15:48:31]

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By *wisted999Man over a year ago

North Bucks

"The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked.

This government has ensured they don't have to pay everyone what is their right under law anyway. Been doing it ever since they got in.

What should people be paid in accordance with their rights under the law?

https://www.gov.uk/government/publications/benefit-and-pension-rates-2019-to-2020/proposed-benefit-and-pension-rates-2019-to-2020

Are people not being paid that then?

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By *ty31Man over a year ago

NW London

This is one of the reasons why lockdown is not a viable policy beyond the very short term, there's a point at which reduced life expectancy/quality of life arising from recession and austerity could cause more harm to more of the population than corona.

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By *xMFM3sumsxxWoman over a year ago

SouthWest Lancashire

"The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked.

This government has ensured they don't have to pay everyone what is their right under law anyway. Been doing it ever since they got in.

What should people be paid in accordance with their rights under the law?

https://www.gov.uk/government/publications/benefit-and-pension-rates-2019-to-2020/proposed-benefit-and-pension-rates-2019-to-2020

Are people not being paid that then? "

Nope. Some have to go to court to get their money, others get sanctioned and have to get 3rd parties involved so that stops.

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By *wisted999Man over a year ago

North Bucks

"The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked.

This government has ensured they don't have to pay everyone what is their right under law anyway. Been doing it ever since they got in.

What should people be paid in accordance with their rights under the law?

https://www.gov.uk/government/publications/benefit-and-pension-rates-2019-to-2020/proposed-benefit-and-pension-rates-2019-to-2020

Are people not being paid that then?

Nope. Some have to go to court to get their money, others get sanctioned and have to get 3rd parties involved so that stops."

Ah ok so not everyone then.

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By (user no longer on site) over a year ago

"This is one of the reasons why lockdown is not a viable policy beyond the very short term, there's a point at which reduced life expectancy/quality of life arising from recession and austerity could cause more harm to more of the population than corona."

Trump already tried that argument. If this was just a sniffle it would be correct. But you have two alternatives. Lockdown or knockdown. If there was no lockdown those people wouldn't be at work anyway, they would be at home sick.

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By *xMFM3sumsxxWoman over a year ago

SouthWest Lancashire

"The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked.

This government has ensured they don't have to pay everyone what is their right under law anyway. Been doing it ever since they got in.

What should people be paid in accordance with their rights under the law?

https://www.gov.uk/government/publications/benefit-and-pension-rates-2019-to-2020/proposed-benefit-and-pension-rates-2019-to-2020

Are people not being paid that then?

Nope. Some have to go to court to get their money, others get sanctioned and have to get 3rd parties involved so that stops.

Ah ok so not everyone then.

Obviously not.

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By *wisted999Man over a year ago

North Bucks

"The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked.

This government has ensured they don't have to pay everyone what is their right under law anyway. Been doing it ever since they got in.

What should people be paid in accordance with their rights under the law?

https://www.gov.uk/government/publications/benefit-and-pension-rates-2019-to-2020/proposed-benefit-and-pension-rates-2019-to-2020

Are people not being paid that then?

Nope. Some have to go to court to get their money, others get sanctioned and have to get 3rd parties involved so that stops.

Ah ok so not everyone then.

Obviously not. "

Ok not being shitty it’s just your post said everyone and I thought possibly some vulnerable people are missing out on cash.

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By *ap d agde coupleCouple over a year ago

Broadstairs

UK is 2 Trillion in debt already cost 60 billion year interest on that that’s 20 billion more than the entire defence budget ,so I think the UK will not Beatles to withstand a long lockdown

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By *ty31Man over a year ago

NW London

That is correct, lockdown should be used to ease the pressure off the NHS but sooner or later it will not be financially viable for the govt to bankroll millions of furloughed and self employed workers. The bill for this already is enormous and coming tax hikes and austerity measures will affect a great deal of people.

I do think the govt grossly underestimated the scale of the self employed workforce.

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By *iverpool LoverMan over a year ago

liverpool

When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Theres gonna be a point where people think fuck it id sooner take my chance with the virus then watch everything theyve worked for to be gone, or familys starving, there has to be some kind of end point to the lock down because if it goes on longer than 3 months its going to cause more harm than the virus.

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By (user no longer on site) OP over a year ago

"When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Yeah thats just nonsense, every single small & medium business gone ??!!

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By *xMFM3sumsxxWoman over a year ago

SouthWest Lancashire

"The government can't keep paying all the wages as the longer it goes on the more claim. The system will crash and that's everyone fucked.

This government has ensured they don't have to pay everyone what is their right under law anyway. Been doing it ever since they got in.

What should people be paid in accordance with their rights under the law?

https://www.gov.uk/government/publications/benefit-and-pension-rates-2019-to-2020/proposed-benefit-and-pension-rates-2019-to-2020

Are people not being paid that then?

Nope. Some have to go to court to get their money, others get sanctioned and have to get 3rd parties involved so that stops.

Ah ok so not everyone then.

Obviously not.

Ok not being shitty it’s just your post said everyone and I thought possibly some vulnerable people are missing out on cash. "

I got that from the smiley. And yeah loads of vulnerable people are, it's in the news a little of what's been going on.

Myself personally had to wait almost 3 years to recieve PIP (got rejected 3 times and the last time i had to go to court and wait 2 yrs for that to happen). If they'd paid me when i first applied i could've afforded taxis to hospital to sort out a couple of operations and likely have been well 6-12 months after applying, as it is i've had to restart the hospital process (which is a lot harder now i also have depression, anxeity, and a phobia of hospitals) and cost NHS more in medication,not intentionally messing them about coz i had depression, and they had to pay me full back pay for 3 years PIP. They didn't have to pay me ESA so did save that money i suppose.

Best bit was they denied me PIP based on assessments but the court gave it to me based on my consultant and medical evidence i had supplied to the assessors.

I'm now waiting for UC, lost income support coz of that and a lot of protections i had under income support and can't even claim the disability part of tUC because i need another medical (less than 2 months after being awarded PIP until next year) and need to send in GP fit notes but can'tget one as GPs aren't making appointments for them right now. So there's one saving this govwrnment has made already as you can't get backpay for UC and it might be months before i can get a sick note. I was advised wrongly by DWP to claim universal credit alsoand should have stayed on income support but only got told after my UC claim had gone through.

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By *xMFM3sumsxxWoman over a year ago

SouthWest Lancashire

If this government make the excuse that corona is to blame for benefits fuck ups nobody should believe them coz they messed up benefits way before this happened.

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By (user no longer on site) over a year ago

It's as simple as this. The stricter the quarantine the more quickly we get over this. The more we flout the rules and spread the virus the longer it lasts.

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By (user no longer on site) over a year ago

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions. "

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By *ap d agde coupleCouple over a year ago

Broadstairs

How long thou ? Lockdown is not a cure only a delaying tatic

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By *iverpool LoverMan over a year ago

liverpool

"When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Yeah thats just nonsense, every single small & medium business gone ??!! "

Tell me what small/medium buisness can survive zero income for upto 6 months (notice i said if we get to june/july and the numbers are still high and they extend the lock down for another couple months).

My prediction is yes most small/medium buisness's theres no comimg back for them.

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By (user no longer on site) over a year ago

"How long thou ? Lockdown is not a cure only a delaying tatic "

It didn't need to be this bad. Considering we are an island we should have been able to control this. Unfortunately we did everything wrong. Now our choices are very limited.

https://www.express.co.uk/news/world/1262619/South-Korea-Covid-19-under-control-coronavirus-UK-death-toll-cases-latest

The country’s first case was reported on 20 January, compared with Italy’s on January 31, but the disease’s trajectory in the two nations are surprisingly different. South Korea has seen just 158 deaths, whereas Italy now has the most deaths globally with a toll of 11,591

A mass testing campaign, along with intensive contact tracing, has allowed the infected to quickly isolate, slowing the spread of the disease.

This has made the outbreak far more manageable for hospitals.

Test makers in the region have now started ramping up test-kit production to hundreds of thousands a day.

This is after test makers were granted approval to export to the United States.

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By *-4pleasureCouple over a year ago

Belfast

"When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Yeah thats just nonsense, every single small & medium business gone ??!!

My prediction is yes most small/medium buisness's theres no comimg back for them.

Nonsense - nature abhors a vacuum. The same opportunities that existed pre -COVID will exist post COVID-19

If existing companies don’t avail of them others will come in and do it

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By (user no longer on site) over a year ago

Mentioning this as it seems a fair point to consider.

It may be they switch isolation off and on.

They are telling us without a treatment cases will trend back up once we mingle. Using their current logic this resurgent senario would give rise to isolation being required in certain regions if testing can locate clusters by that point.

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By (user no longer on site) over a year ago

"When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Yeah thats just nonsense, every single small & medium business gone ??!!

My prediction is yes most small/medium buisness's theres no comimg back for them.

Nonsense - nature abhors a vacuum. The same opportunities that existed pre -COVID will exist post COVID-19

If existing companies don’t avail of them others will come in and do it "

Who will be the customers of these new businesses? The man on the street with no jobs and not enough money to pay for basic needs?

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By (user no longer on site) over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming "

definitely a ticking bomb im applying for loads of jobs and not hearing nothing back just cant go on like this

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By (user no longer on site) over a year ago

One of the hardest hit business sectors is going to be swinging clubs. Some event organizers don't host parties in January because everyone is out of pocket.

By July we are going to look back at January and realise we were kings by comparison.

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By *ap d agde coupleCouple over a year ago

Broadstairs

House parties it is then

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By (user no longer on site) over a year ago

"House parties it is then"

Or move to PDI

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By *adMerWoman over a year ago

Sandwich

"House parties it is then"

Are you offering?

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By (user no longer on site) over a year ago

There's already been a sharp increase in Universal Credit, borderlining a million people or more claiming it.. Definitely going to see those figures rise sadly

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By (user no longer on site) over a year ago

It's not only a question of how many businesses will survive. It's also a question of how many marriages will survive...

Financial stress plus cabin fever. It's the perfect storm.

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By (user no longer on site) over a year ago

"It's not only a question of how many businesses will survive. It's also a question of how many marriages will survive...

Financial stress plus cabin fever. It's the perfect storm."

I bet there's been a few disagreements at the dinner table during these lockdown measures about the washing up

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By *inky_couple2020Couple over a year ago

North West

"It's not only a question of how many businesses will survive. It's also a question of how many marriages will survive...

Financial stress plus cabin fever. It's the perfect storm.

I bet there's been a few disagreements at the dinner table during these lockdown measures about the washing up

All hail our dishwasher!

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By (user no longer on site) over a year ago

A worrying time for some

and an opportunity for others

depends how determined you are

can be a good time to kick off a new business if you have the ability and will power

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By (user no longer on site) over a year ago

"It's not only a question of how many businesses will survive. It's also a question of how many marriages will survive...

Financial stress plus cabin fever. It's the perfect storm.

I bet there's been a few disagreements at the dinner table during these lockdown measures about the washing up

All hail our dishwasher!

There we are, a simple small investment of a dishwasher helps ease the tension

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By (user no longer on site) over a year ago

"It's not only a question of how many businesses will survive. It's also a question of how many marriages will survive...

Financial stress plus cabin fever. It's the perfect storm.

I bet there's been a few disagreements at the dinner table during these lockdown measures about the washing up

All hail our dishwasher!

There we are, a simple small investment of a dishwasher helps ease the tension

As a side note to that, you might not want to refer to your missus as the dishwasher when she can hear you...

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By *inky_couple2020Couple over a year ago

North West

"It's not only a question of how many businesses will survive. It's also a question of how many marriages will survive...

Financial stress plus cabin fever. It's the perfect storm.

I bet there's been a few disagreements at the dinner table during these lockdown measures about the washing up

All hail our dishwasher!

There we are, a simple small investment of a dishwasher helps ease the tension

As a side note to that, you might not want to refer to your missus as the dishwasher when she can hear you..."

I am the missus

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By (user no longer on site) over a year ago

"It's not only a question of how many businesses will survive. It's also a question of how many marriages will survive...

Financial stress plus cabin fever. It's the perfect storm.

I bet there's been a few disagreements at the dinner table during these lockdown measures about the washing up

All hail our dishwasher!

There we are, a simple small investment of a dishwasher helps ease the tension

As a side note to that, you might not want to refer to your missus as the dishwasher when she can hear you..."

Or.. If she does hear them say it, expect immediate dog house treatment or the naughty step

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By *eavenNhellCouple over a year ago

carrbrook stalybridge

"When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Yeah thats just nonsense, every single small & medium business gone ??!!

My prediction is yes most small/medium buisness's theres no comimg back for them.

Nonsense - nature abhors a vacuum. The same opportunities that existed pre -COVID will exist post COVID-19

If existing companies don’t avail of them others will come in and do it "
sadly for the trade we are in which is fine woolen yarn and cloth our main competitors are the chinese who will be just starting to come back upto speed in the next month . they are already undercutting us massively and will be there to sweep up any contracts put on the market . so that would be the company i work for gone after 145 years in the trade 130+ employees put on the dole many of them whole familys who have worked there all there lives .

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By (user no longer on site) over a year ago

the world bank is lending at 0% so countries will borrow to cover this.

States has already started borrowing for the 10 million+ it expected to be out of work in the next two weeks.

of course all of it will need to be paid back but no one is making profit out of it.

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By *he Ring WraithMan over a year ago

Bradford

My employers are currently drawing up plans to furlough 75 % of staff, I suspect after the three months funded by the government there will be redundancies rather than furloughs.

We can do nothing but wait and see, but it is a worrying time for many people who are working for companies on a knife edge, my employers are a multi-national company and I am sure they will survive in some form or another, some smaller companies I am sure will not !

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By (user no longer on site) over a year ago

"the world bank is lending at 0% so countries will borrow to cover this.

States has already started borrowing for the 10 million+ it expected to be out of work in the next two weeks.

of course all of it will need to be paid back but no one is making profit out of it."

This relies on our banks lending out at the same rate.

I find it sad, if not criminal that some of our banks have sought to profit from this.

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By (user no longer on site) over a year ago

"It's not only a question of how many businesses will survive. It's also a question of how many marriages will survive...

Financial stress plus cabin fever. It's the perfect storm.

I bet there's been a few disagreements at the dinner table during these lockdown measures about the washing up

All hail our dishwasher!

There we are, a simple small investment of a dishwasher helps ease the tension

As a side note to that, you might not want to refer to your missus as the dishwasher when she can hear you...

I am the missus

In that case..... hail the dishwasher! Bringer of peace!

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By (user no longer on site) over a year ago

"the world bank is lending at 0% so countries will borrow to cover this.

States has already started borrowing for the 10 million+ it expected to be out of work in the next two weeks.

of course all of it will need to be paid back but no one is making profit out of it."

"The scheme has aroused controversy after banks said some firms that applied were not eligible. Instead banks asked them to sign up to regular loan products.

Banks also faced criticism for charging high rates of interest and seeking personal guarantees from directors"

https://www.cityam.com/chancellor-shakes-up-coronavirus-loan-scheme-after-criticism-of-banks/

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By *moothdickMan over a year ago

stoke

Every now is a possible ticking time bomb, but all remember it’s not only a Uk problem it’s a world problem ..., and that’s a real ticking bomb

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By *ovestrapMan over a year ago

London

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming "

Yes and no. Companies can't just cut staff they would have to offer redundancy packages

But true if the government does not offer a longer period of furlough of needed they there will be a lot of companies going under...

A company how ever big or small can't just cut staff. They will have to give them redundancy

You can be on furlough for not less that 3 weeks and no more than 3 months unless agreed by the government

The worst thing I ha e seen so far is staff being told to take unpaid leave and the company has not offered them furlough.

Most people are scared of loosing their jobs so are not asking the Q.

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By (user no longer on site) over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming

Yes and no. Companies can't just cut staff they would have to offer redundancy packages

But true if the government does not offer a longer period of furlough of needed they there will be a lot of companies going under...

A company how ever big or small can't just cut staff. They will have to give them redundancy

You can be on furlough for not less that 3 weeks and no more than 3 months unless agreed by the government

The worst thing I ha e seen so far is staff being told to take unpaid leave and the company has not offered them furlough.

Most people are scared of loosing their jobs so are not asking the Q.

Who here has tried to furlough their staff? It might be June before you see your first penny...

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By *bsolutebeginnersCouple over a year ago

Planet Ork

To be honest, how anybody can moan about the government handling this so far I really don’t know. They’re bankrolling the business sector for 3 months hopefully mothballing the industries and giving them financial security for when the crisis is over. Did anyone expect to be paid 80% of their wages to stay at home? We need the industry and businesses to survive to rebuild the economy and they know that. I can’t believe that some people are almost gloating about the potential unemployment of some middle class workers as I’ve seen written in places when it’s these workers who pay the taxes to supplement the benefits of people who can’t find work for whatever reason.

The situation we are all in at the moment is bigger than anyone’s political allegiance and only the worst of people would wish the financial instability and downfall of anybody, whoever they may be.

People are suffering, people are dying and our first and only priority at the moment is to continue to control the spread of this virus so that we don’t overrun the nhs. The financial pieces will have to be picked up and paid for with higher taxes for most of us at a later date but that’s a bridge to be crossed at a later date.

Try to be nice to each other, stay safe and wash your hands. Mrs Absolutebeginner is on a night shift tonight on a covid ward. The things that she is witnessing puts everything else into a lot of perspective. Hug your loved ones even if they are getting on your nerves at the moment, phone your parents and elderly relatives and keep in touch with your friends as much as you can. Chat to your neighbours and just try to remain positive. It’s a very uncertain few months coming up but at least for most of us it’s just an opportunity to catch up with household chores and watch a bit of tv. Be thankful for what you have and remain hopeful for the future.

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By (user no longer on site) over a year ago

"To be honest, how anybody can moan about the government handling this so far I really don’t know. They’re bankrolling the business sector for 3 months hopefully mothballing the industries and giving them financial security for when the crisis is over. Did anyone expect to be paid 80% of their wages to stay at home? We need the industry and businesses to survive to rebuild the economy and they know that. I can’t believe that some people are almost gloating about the potential unemployment of some middle class workers as I’ve seen written in places when it’s these workers who pay the taxes to supplement the benefits of people who can’t find work for whatever reason.

Don't agree with the politics but

to all the rest. Love the UVox status

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By (user no longer on site) over a year ago

There will be many businesses closing sadly and many working from home.. Will make it cheaper.

Jobs will be at minimum wage as lots applying for 1 job.

Hopefully brings a new wave of enterpraneurs.. Oh can't spell.. Lol

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By (user no longer on site) OP over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming

Yes and no. Companies can't just cut staff they would have to offer redundancy packages

But true if the government does not offer a longer period of furlough of needed they there will be a lot of companies going under...

A company how ever big or small can't just cut staff. They will have to give them redundancy

You can be on furlough for not less that 3 weeks and no more than 3 months unless agreed by the government

The worst thing I ha e seen so far is staff being told to take unpaid leave and the company has not offered them furlough.

Most people are scared of loosing their jobs so are not asking the Q.

Yes by cutting staff I’m aware I have to offer redundancy packages. You do realize the legal minimum is quite low don’t u ? Doesn’t detract from the fact people will lose their jobs does it

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By *nleashedCrakenMan over a year ago

Widnes

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

I would imagine the middle class (whatever they are) also contribute massively to the tax revenues.

Mind the chip on your shoulder.....

Apart from some of the nhs workers it's the working class keeping the country going post men bin men supermarket workers.

After all this people will wake up and see some for the useless twats thay are.

enjoy being poor.

Apart from some NHS workers!

All the other useless middle class mechanical/design engineers helping to build ventilators;

All the other useless middle class doctors actually treating people;

All the other useless middle class laboratory technicians working on cures and tests;

All the other useless middle class software engineers writing the software for the 3D printers to build the parts for ventilators;

All the other useless middle class wiring engineers keeping the internet working so as many as possible can work from home;

All those useless middle class people and the others should be made to do something really useful. Maybe send them out fishing so that people with massive chips have something to go with them.

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By *nleashedCrakenMan over a year ago

Widnes

That's not the experience in South Korea or Taiwan.

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By (user no longer on site) over a year ago

That's not the experience in South Korea or Taiwan.

South Korea acted early. Tested vigorously and traced contactees of those testing positive. Despite having their first case 11 days before Italy their fatalities aa of yesterday was 158.

We cannot afford to do that since we initially embarked on a strategy of herd immunity.

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By *nleashedCrakenMan over a year ago

Widnes

"When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Yeah thats just nonsense, every single small & medium business gone ??!!

My prediction is yes most small/medium buisness's theres no comimg back for them.

Nonsense - nature abhors a vacuum. The same opportunities that existed pre -COVID will exist post COVID-19

If existing companies don’t avail of them others will come in and do it

Who will be the customers of these new businesses? The man on the street with no jobs and not enough money to pay for basic needs?"

The customers will be people like me.

I'm working from home on full pay but have absolutely nothing to spend my money on.

When this is all over I'll be quite cash rich and I'll definitely spending more money than usual.

There will be a mini boom when this ends. Whether it will be enough to make up for the massive loss made during this lockdown is probably not but it certainly will help.

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By (user no longer on site) over a year ago

"When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Yeah thats just nonsense, every single small & medium business gone ??!!

My prediction is yes most small/medium buisness's theres no comimg back for them.

Nonsense - nature abhors a vacuum. The same opportunities that existed pre -COVID will exist post COVID-19

If existing companies don’t avail of them others will come in and do it

Who will be the customers of these new businesses? The man on the street with no jobs and not enough money to pay for basic needs?

The customers will be people like me.

I'm working from home on full pay but have absolutely nothing to spend my money on.

When this is all over I'll be quite cash rich and I'll definitely spending more money than usual.

There will be a mini boom when this ends. Whether it will be enough to make up for the massive loss made during this lockdown is probably not but it certainly will help.

I guess time will tell whether your circumstances are the exception or the rule.

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By *pannerman1Man over a year ago

Rugby's

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

I would imagine the middle class (whatever they are) also contribute massively to the tax revenues.

Mind the chip on your shoulder.....

Apart from some of the nhs workers it's the working class keeping the country going post men bin men supermarket workers.

After all this people will wake up and see some for the useless twats thay are.

enjoy being poor.

Apart from some NHS workers!

All the other useless middle class mechanical/design engineers helping to build ventilators;

All the other useless middle class doctors actually treating people;

All the other useless middle class laboratory technicians working on cures and tests;

All the other useless middle class software engineers writing the software for the 3D printers to build the parts for ventilators;

All the other useless middle class wiring engineers keeping the internet working so as many as possible can work from home;

All those useless middle class people and the others should be made to do something really useful. Maybe send them out fishing so that people with massive chips have something to go with them.

Exactly this, very well written, thank you.

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By *hestercplCouple over a year ago

chester

I can see the next three months being a reduced amount 50% possibly

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By *ettyboop61Woman over a year ago

St Neots

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming

I think you are right. Bang on.

We are not looking at a recession. We're facing a depression. "

IMO the whole world is fooked.......

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By (user no longer on site) OP over a year ago

"I can see the next three months being a reduced amount 50% possibly "

Yes I could see this happening also.

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By (user no longer on site) over a year ago

I'm waiting to be furloughed. Temp agency telling us they can't till they can apply for it. Bullshit. I've no more wages coming in and no savings being on min wage

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By (user no longer on site) OP over a year ago

"When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Yeah thats just nonsense, every single small & medium business gone ??!!

My prediction is yes most small/medium buisness's theres no comimg back for them.

So you’ve downgraded your prediction from all to most ?

We have 2 businesses and both can survive zero income for 6 months and more. I’m sure we aren’t unique. That being said we wont have zero income as we are adapting and finding ways to introduce new revenue streams albeit at vastly smaller levels than usual. Every business is different.

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By (user no longer on site) over a year ago

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions. "

Oh yeah right and the half wit Jeremy Corbin would of handled this far better. Suppose at least if Dianne Abbott was helping him get the numbers right we would be ok???????

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By (user no longer on site) over a year ago

Plenty of jobs on line at the moment most supermarkets are hiring and a lot of warehouses in distribution hiring and loads of van driving jobs most are temporary jobs but it's something for the time been untill you can go back to normal life and the way I see it better to already have one of these jobs if the goverment do stop the payments because then there will be a lot of people applying.

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By *pitfiremk10Man over a year ago

Gloucester

Well said! What is needed is the DUNKIRK SPIRIT.

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By (user no longer on site) over a year ago

"Plenty of jobs on line at the moment most supermarkets are hiring and a lot of warehouses in distribution hiring and loads of van driving jobs most are temporary jobs but it's something for the time been untill you can go back to normal life and the way I see it better to already have one of these jobs if the goverment do stop the payments because then there will be a lot of people applying. "

Plenty, but without being able to travel, then none. Tesco etc local to me have enough staff as already tried applying. Agencies saying they have jobs, but can't pop in because they are working from home. It's shite. Been applying this, that and everything all week. My area has few big companies Inc Amazon, but even then, the agency aren't getting back to you due to thousands applying. The other large companies have laid people off too

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By *ionelhutzMan over a year ago

liverpool

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions.

Oh yeah right and the half wit Jeremy Corbin would of handled this far better. Suppose at least if Dianne Abbott was helping him get the numbers right we would be ok???????"

Irrevelance and complete conjecture in 1 sentence.

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By *eavy-Metal-CoupleCouple over a year ago

Liverpool

I think it go one of two ways. First would be after restrictions have been lifted there may be a boom period after people being forced to stay at home but still take a while for everything to balance out. Second would be civil unrest as unemployment rises and a depression hits which may lead to riots again bigger then in 2011 in sections of major cities that have been most affected. As Iron Maiden sang we are in a 'Brave New World' when this is all said and done.

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By (user no longer on site) over a year ago

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions.

Oh yeah right and the half wit Jeremy Corbin would of handled this far better. Suppose at least if Dianne Abbott was helping him get the numbers right we would be ok???????

Irrevelance and complete conjecture in 1 sentence."

And the spelling mistake earns a bonus point!

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By *ionelhutzMan over a year ago

liverpool

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions.

Oh yeah right and the half wit Jeremy Corbin would of handled this far better. Suppose at least if Dianne Abbott was helping him get the numbers right we would be ok???????

Irrevelance and complete conjecture in 1 sentence.

And the spelling mistake earns a bonus point!

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By (user no longer on site) over a year ago

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions.

Oh yeah right and the half wit Jeremy Corbin would of handled this far better. Suppose at least if Dianne Abbott was helping him get the numbers right we would be ok???????"

Sadly we will never know. Part of his campaign was to sort out the NHS. Boris's first actions were to take away workers rights.

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By *nleashedCrakenMan over a year ago

Widnes

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions.

Oh yeah right and the half wit Jeremy Corbin would of handled this far better. Suppose at least if Dianne Abbott was helping him get the numbers right we would be ok???????"

TBH this is way beyond a party political point scoring contest. Personally I'm not really much of a Johnson fan but, while I do have some criticism of the government strategy, I do believe they are following the advice of their medical experts. I also believe that Corbyn (who I actually think is a bit of a fool) would have probably also followed the advice of the medical experts and would probably have done pretty much the same.

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By (user no longer on site) over a year ago

Sorry to hear that hope someone gets back to you and you can find work and at least no one can say you aren't trying. In the mean time I hope you qualify for some goverment money to keep you going while your looking

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By *bsolutebeginnersCouple over a year ago

Planet Ork

If you have been laid off on a percentage of your wages though you are still employed and cannot obtain employment elsewhere ( even voluntary ) without the permission of your current employer.

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By *erry bull1Man over a year ago

doncaster

I mentioned this In a earlier thread but some fabbers just laughed it off , there’s a lot of people who are living above their means who are going to have a reality check ,

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By *ionelhutzMan over a year ago

liverpool

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions.

Oh yeah right and the half wit Jeremy Corbin would of handled this far better. Suppose at least if Dianne Abbott was helping him get the numbers right we would be ok???????

It's a pointless exercise and an example of diverting blame.We simply dont know.Fact is..this gmnt are in power and must be held to account whatever the outcome.

The only thing I would say is corbyn was tore apart for what Johnson is doing now..spending money.

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By (user no longer on site) over a year ago

If you have been laid off on a percentage of your wages though you are still employed and cannot obtain employment elsewhere ( even voluntary ) without the permission of your current employer. "

Yes but the thread is about unemployment when the goverment stop furlough not getting anougher job whilst you are already been payed 80% to retain your job.

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By *bsolutebeginnersCouple over a year ago

Planet Ork

If you have been laid off on a percentage of your wages though you are still employed and cannot obtain employment elsewhere ( even voluntary ) without the permission of your current employer.

Yes but the thread is about unemployment when the goverment stop furlough not getting anougher job whilst you are already been payed 80% to retain your job. "

I understand that but unfortunately the ones laid off are in limbo at the moment and can only wait and see what happens.

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By *uckandbunnyCouple over a year ago

In your bed

I think what we forget is that due to much criticised austerity the UK has a lot more head room to borrow than it would have.

Yes we will have a recession (2 quarters of reduced GDP.) However, we are the likely to get a growth spurt even from a small relaxation of the lockdowm.

But after that it's not certain what will happen. I would not be surprised if unemployment claims jumped to say 5 million but the furlough payments mean more businesses will survive and be ready to trade than not.

I get the frustration that paying 80% of wages looks like treating middle class people differently to normal times when UC would be the only option for the unemployed.

But in normal times the government does not order the restriction of moment and trade and the payments are in order for companies to keep staff so they can return to trade more quickly.

If it had not happened then you would be looking at 100's or 1000's of companies folding and the risk of social disorder.

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By (user no longer on site) over a year ago

"I think what we forget is that due to much criticised austerity the UK has a lot more head room to borrow than it would have.

Yes we will have a recession (2 quarters of reduced GDP.) However, we are the likely to get a growth spurt even from a small relaxation of the lockdowm.

I get the frustration that paying 80% of wages looks like treating middle class people differently to normal times when UC would be the only option for the unemployed.

But in normal times the government does not order the restriction of moment and trade and the payments are in order for companies to keep staff so they can return to trade more quickly.

If it had not happened then you would be looking at 100's or 1000's of companies folding and the risk of social disorder.

We will be paying this all back for the next 60-80 years, but we can do so as the UK level of borrowing is acceptable to the sovereign credit markets. If we had higher borrowing then we would not be able to lend at all. "
What you are saying makes sense if this is all over in a few weeks, but if we have another lockdown later in the year or next year it's not going to work. The country on its knees another lockdown will push us over the edge and we may never recover, powers that be must end this soon.

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By (user no longer on site) over a year ago

"I think what we forget is that due to much criticised austerity the UK has a lot more head room to borrow than it would have.

Yes we will have a recession (2 quarters of reduced GDP.) However, we are the likely to get a growth spurt even from a small relaxation of the lockdowm.

I get the frustration that paying 80% of wages looks like treating middle class people differently to normal times when UC would be the only option for the unemployed.

But in normal times the government does not order the restriction of moment and trade and the payments are in order for companies to keep staff so they can return to trade more quickly.

If it had not happened then you would be looking at 100's or 1000's of companies folding and the risk of social disorder.

We will be paying this all back for the next 60-80 years, but we can do so as the UK level of borrowing is acceptable to the sovereign credit markets. If we had higher borrowing then we would not be able to lend at all. What you are saying makes sense if this is all over in a few weeks, but if we have another lockdown later in the year or next year it's not going to work. The country on its knees another lockdown will push us over the edge and we may never recover, powers that be must end this soon."

The length of this lockdown is determined by us as a nation. If we all stay indoors the virus cannot spread and can last no longer than the quarantine period.

It is the "entitled" who believe the rules don't apply to them who will cause this to drag on.

And for pitty's sake can we please have increased public transport services so people are more spread out! How can we preach one thing, practice another and expect to be taken seriously?

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By *uckandbunnyCouple over a year ago

In your bed

I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable. "

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

We are spending £250 billion to replace trident.

I dont buy the idea we are on the bones of are arse.

Reply privately (closed, thread got too big)

By *ikingCoolMan over a year ago

carmarthen

At the moment there is a lot complaining about banks not helping they forget the government helped them out, yes you are right there will be jobs lost and firms going under with the banks money but they will be helped again

Reply privately (closed, thread got too big)

By *uckandbunnyCouple over a year ago

In your bed

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?"

Yep.

But I wanted to keep the maths simple and robust. I did not take into account inflation etc. Spreading the cost via income tax just provides an example of the affordability, not a proposal for how to pay it off.

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

Yep.

Agreed it will take time to pay it back but there are other revenues there to exploit.

They simply had to do it..they had no choice.

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?"

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

Reply privately (closed, thread got too big)

By *uttyjonnMan over a year ago

SEA

We do own a bank so we could print some money if required

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now."

Yep I know it's a pipe dream.

But people on here are already talking about another 10 years of austerity.

Reply privately (closed, thread got too big)

By *atEvolutionCouple over a year ago

atlantisEVOLUTION Swingers Club. Stoke

One thing that all employees should remember is that whatever a company does with regard to furloughed or redundancy is that is must fit within existing Employment Law. In that employers have to consult with employees about any route that makes changes to their existing contract of employment. Any Employers who jumped the gun so to speak may well be brought to book afterwards - though a tribunal may be more sensitive to the employers plight, because of the crisis, they will still have to account for actions they took with regard to contrtact changes without consultation.

Where the employed group is represented by a recognised trades union - there has to be a group consultation and agreement too.

Reply privately (closed, thread got too big)

By *illy999TV/TS over a year ago

Taunton

"UK is 2 Trillion in debt already cost 60 billion year interest on that that’s 20 billion more than the entire defence budget ,so I think the UK will not Beatles to withstand a long lockdown "

In debt to whom ????

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By (user no longer on site) over a year ago

"When all this is over the only buisness's left will be the giants (amazon etc).

Every small,medium buisness will be gone and its employees will be out of work.

What if July/june comes and the media keep reporting higher numbers?

Another 2-3 month lock down/social distancing?

Reply privately (closed, thread got too big)

By *atEvolutionCouple over a year ago

atlantisEVOLUTION Swingers Club. Stoke

"UK is 2 Trillion in debt already cost 60 billion year interest on that that’s 20 billion more than the entire defence budget ,so I think the UK will not Beatles to withstand a long lockdown "

Could be a 'Long and Winding Road' lol.

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By (user no longer on site) over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming

I think you are right. Bang on.

We are not looking at a recession. We're facing a depression.

IMO the whole world is fooked.......

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

Yep I know it's a pipe dream.

But people on here are already talking about another 10 years of austerity.

HMRC is going to be making a lot of money. 40% inheritance tax.... sounds grim but that's the reality.

Reply privately (closed, thread got too big)

By *pannerman1Man over a year ago

Rugby's

""HMRC is going to be making a lot of money. 40% inheritance tax.... sounds grim but that's the reality.""

Not if asset values reduce, shares falling in value, property market tanks...

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

Used knicker sales will go through the roof!

Reply privately (closed, thread got too big)

By (user no longer on site) OP over a year ago

40% of albeit a reduced estate will still amount to large amounts

Reply privately (closed, thread got too big)

By *he-Hosiery-GentMan over a year ago

Older Hot Bearded Guy

End of May? 3 months? It’s only been in place a couple of weeks.

If it’s 3 months won’t that be mid to late June??

Reply privately (closed, thread got too big)

By (user no longer on site) OP over a year ago

"End of May? 3 months? It’s only been in place a couple of weeks.

If it’s 3 months won’t that be mid to late June??"

The furlough is backdated so the 3 months they are currently offering it for takes you to the End of May. Whether they then extend that or maybe alter it slightly and extend it is only speculation at this point

Reply privately (closed, thread got too big)

By *he-Hosiery-GentMan over a year ago

Older Hot Bearded Guy

"End of May? 3 months? It’s only been in place a couple of weeks.

If it’s 3 months won’t that be mid to late June??

Ahh... I see. God, yeah that’s not long is it

The fallout from all of this moving forwards is going to be dreadful

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By *ap d agde coupleCouple over a year ago

Broadstairs

Just check on the office for national statistics,owed to investors abroad and here ,don’t worry thou USA owes 19 Trillion

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By *ionelhutzMan over a year ago

liverpool

"Just check on the office for national statistics,owed to investors abroad and here ,don’t worry thou USA owes 19 Trillion "

Arent most countries in debt?

Apart from china whi actually make stuff and havemt sold off all their industries?

Reply privately (closed, thread got too big)

By *ap d agde coupleCouple over a year ago

Broadstairs

Germany is not to much there government will not allow it to be ,one Trillion is one million times one Billion , just saying the uk can hardly afford any more debt that’s why lockdown will have to end quicker than you think

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By *ionelhutzMan over a year ago

liverpool

"Germany is not to much there government will not allow it to be ,one Trillion is one million times one Billion , just saying the uk can hardly afford any more debt that’s why lockdown will have to end quicker than you think "

Germany run their country a lot better than we do

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By *estivalMan over a year ago

borehamwood

been furloughed from work will i have a job to go back to?probably not. our firm is linked to the airline industry and i cant see that getting back to normal anytime soon so once i no longer get my 80% it will be the dole for me.is that great no its not.can i survive on it yes i can.wont be the first time ive signed on and sure it wont be the last.a lot of people are gona have to get used to having no disposeable income.on the bright side it may give those who think people on benefits are lazy a different view of people

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

"been furloughed from work will i have a job to go back to?probably not. our firm is linked to the airline industry and i cant see that getting back to normal anytime soon so once i no longer get my 80% it will be the dole for me.is that great no its not.can i survive on it yes i can.wont be the first time ive signed on and sure it wont be the last.a lot of people are gona have to get used to having no disposeable income.on the bright side it may give those who think people on benefits are lazy a different view of people"

I thought it interesting the amount of people saying 'how can I survive on £94 a week?

According to the daily mail they are living a life of luxury.

Reply privately (closed, thread got too big)

By *estivalMan over a year ago

borehamwood

I thought it interesting the amount of people saying 'how can I survive on £94 a week?

According to the daily mail they are living a life of luxury."

haha 94 quid a week is statutory sick pay if you have to sign on the dole be lucky to get 70 -80 quid a week to live on.think there gona be a lot of peeps out there that have no idea how to make 70 quid last a week

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

Well said. I and others tried posting this view a while back and the words sociopath, Hitler and Stalin were used, I applaud your bravery.

Reply privately (closed, thread got too big)

By *ap d agde coupleCouple over a year ago

Broadstairs

Germany run their country a lot better than we do

"
There economy is twice the size of ours with just 15 million more people

Reply privately (closed, thread got too big)

By *ty31Man over a year ago

NW London

Germany run their country a lot better than we do

There economy is twice the size of ours with just 15 million more people"

One of the benefits of still having a large manufacturing industry

Reply privately (closed, thread got too big)

By *eddy and legsCouple over a year ago

the wetlands

[Removed by poster at 05/04/20 18:37:20]

Reply privately (closed, thread got too big)

By *eddy and legsCouple over a year ago

the wetlands

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

Who do you think pays your "universal credits "

Who will repay the national debt ?

There is no money tree unfortunately

Reply privately (closed, thread got too big)

By *itonmyfacebookMan over a year ago

Burton on Trent

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

I would imagine the middle class (whatever they are) also contribute massively to the tax revenues.

Mind the chip on your shoulder.....

Apart from some of the nhs workers it's the working class keeping the country going post men bin men supermarket workers.

After all this people will wake up and see some for the useless twats thay are.

enjoy being poor.

Enjoy your ban.

Key Worker: someone considered almost worthless until the s*** hits the fan.

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

Germany run their country a lot better than we do

There economy is twice the size of ours with just 15 million more people"

I'd say their gmnt was more proactive than ours.

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

Germany run their country a lot better than we do

There economy is twice the size of ours with just 15 million more people

One of the benefits of still having a large manufacturing industry"

Indeed

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

Who do you think pays your "universal credits "

Who will repay the national debt ?

There is no money tree unfortunately"

Bailing out The banks

Trident

Hs2

Bribing the DUP

Yep course there isnt.

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By *itonmyfacebookMan over a year ago

Burton on Trent

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

Dont think anyone suggested anyone was "more deserving" of help. This isn't a class issue."

This is England.

Reply privately (closed, thread got too big)

By *eddy and legsCouple over a year ago

the wetlands

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

Who do you think pays your "universal credits "

Who will repay the national debt ?

There is no money tree unfortunately

Bailing out The banks

Trident

Hs2

Bribing the DUP

Yep course there isnt."

You might find the tax payer footed the billz not the magic money tree

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions. So labour would have stopped the virus, I know it's leader was JC but not the real one. Even if his followers believe he was.

This is not a conversation about stopping a virus. This is a conversation about the shape the poor are going to be in when the dust has settled.

What am I saying? I'm saying many of us complaining about our circumstances didn't even bother to vote in the most important election of our generation. "

3%..... are you taking the piss? Or was that a typo?

Reply privately (closed, thread got too big)

By *xMFM3sumsxxWoman over a year ago

SouthWest Lancashire

"Excuse me people but the masses were given the chance to change their circumstances with a democratic election not four months ago.

Please do not speak as if the poor are oppressed by a dictatorship forced upon them. They are the victims of an uncaring government they they through their numbers have chosen to keep in power.

You don't get to whinge about your own bad decisions. So labour would have stopped the virus, I know it's leader was JC but not the real one. Even if his followers believe he was.

This is not a conversation about stopping a virus. This is a conversation about the shape the poor are going to be in when the dust has settled.

What am I saying? I'm saying many of us complaining about our circumstances didn't even bother to vote in the most important election of our generation.

3%..... are you taking the piss? Or was that a typo?"

Probably is true. They had the luxury of being able to travel 70 miles, maybe the 3% goes to show you how many didn't.

Reply privately (closed, thread got too big)

By *inky_couple2020Couple over a year ago

North West

You can't randomly drive 70 miles and decide to cast a vote just anywhere. You have to vote where you are on the voter's roll. Something is not quite right witg that story

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By *eddy and legsCouple over a year ago

the wetlands

"You can't randomly drive 70 miles and decide to cast a vote just anywhere. You have to vote where you are on the voter's roll. Something is not quite right witg that story

Amd if you're driving home to vote ?

Reply privately (closed, thread got too big)

By *inky_couple2020Couple over a year ago

North West

"You can't randomly drive 70 miles and decide to cast a vote just anywhere. You have to vote where you are on the voter's roll. Something is not quite right witg that story

Amd if you're driving home to vote ?"

That's fair enough if you're working away, but that's what postal votes are for nowadays. I've never been to a polling station in my life but voted at every single election, both local national.

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

I don’t think the majority of furloughed employees are thinking far enough head yet to be concerned but IMO it’s coming "

I think they will renew it after three months for a further three months. Another prophet of doom wanting us all on the dole...

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By *itonmyfacebookMan over a year ago

Burton on Trent

It's possible that some of the key worker jobs now, the ones that are classed as unskilled, care work and delivery drivers, etc and thus poorly paid and undesirable - Not to mention crap, unsocial hours for no extra pay - may become more sought after as they are showing their stable, robustness in times of crisis.

Reply privately (closed, thread got too big)

By *eddy and legsCouple over a year ago

the wetlands

"It's possible that some of the key worker jobs now, the ones that are classed as unskilled, care work and delivery drivers, etc and thus poorly paid and undesirable - Not to mention crap, unsocial hours for no extra pay - may become more sought after as they are showing their stable, robustness in times of crisis. "

And they act autonomously I suppose ?

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By *itonmyfacebookMan over a year ago

Burton on Trent

And they act autonomously I suppose ?"

? Are you comparing to self employed?

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

I would imagine the middle class (whatever they are) also contribute massively to the tax revenues.

Mind the chip on your shoulder.....

Apart from some of the nhs workers it's the working class keeping the country going post men bin men supermarket workers.

After all this people will wake up and see some for the useless twats thay are.

enjoy being poor.

I run two venues I sincerely hope you get ill cunt"

Oh dear

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

"Why middle Britain feel thay are more deserving of help from the government then the poor on zero hour jobs is beyond me.

Most middle-class do worthless jobs and contribute nothing to society.

Universal credit is there that's the safety net think you can't live on it well no one can life is cruel.

I would imagine the middle class (whatever they are) also contribute massively to the tax revenues.

Mind the chip on your shoulder.....

Apart from some of the nhs workers it's the working class keeping the country going post men bin men supermarket workers.

After all this people will wake up and see some for the useless twats thay are.

enjoy being poor.

I run two venues I sincerely hope you get ill cunt"
hey please dont be abusive what does that achieve, this things bad enough without the self righteous

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

Somehow I cant see that happen..unless they make them more desirable in terms of pay,conditions etc...again unlikely.

Reply privately (closed, thread got too big)

By *itonmyfacebookMan over a year ago

Burton on Trent

Somehow I cant see that happen..unless they make them more desirable in terms of pay,conditions etc...again unlikely."

More desirable in that they offer stability. Whilst there might be a few who like to gamble and take risks predictability and job security is what most people want out of life.

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

Somehow I cant see that happen..unless they make them more desirable in terms of pay,conditions etc...again unlikely.

More desirable in that they offer stability. Whilst there might be a few who like to gamble and take risks predictability and job security is what most people want out of life."

I dont know...

I think the pay is that poor..they are often private companies so often they dont get sick pay etc.

Reply privately (closed, thread got too big)

By *itonmyfacebookMan over a year ago

Burton on Trent

Somehow I cant see that happen..unless they make them more desirable in terms of pay,conditions etc...again unlikely.

More desirable in that they offer stability. Whilst there might be a few who like to gamble and take risks predictability and job security is what most people want out of life.

I dont know...

I think the pay is that poor..they are often private companies so often they dont get sick pay etc."

Zero hours contracts for some too. The consensus on here seems to be that, with the exception of NHS frontline, anyone who's a key worker now just means that they're a worthless scumbag regardless of Covid 19.

ATM just expected to carry on and if you get a cough self isolate on statutory sick pay.

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By (user no longer on site) over a year ago

[Removed by poster at 06/04/20 14:49:49]

Reply privately (closed, thread got too big)

By *nleashedCrakenMan over a year ago

Widnes

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now."

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

How come?

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

I already found more work.

It's called burglary. And I'll see you later

Reply privately (closed, thread got too big)

By *itonmyfacebookMan over a year ago

Burton on Trent

Anyone fancy swapping with me for 3 months when this 3 months is up?

Reply privately (closed, thread got too big)

By *nleashedCrakenMan over a year ago

Widnes

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

How come?"

Because a so called tax loophole is in fact just legally not paying tax that you are not legally required to pay.

So 3 easy to identify tax loopholes would be:-

1) The £10,000 ish pa income tax free allowance.

2) The £8,500 ish pa NI free allowance

3) Anything that does not have standard rate or above VAT applied to it.

All those 3 are legal ways to avoid paying tax.

I'm pretty sure that you, like me and nearly everyone else, takes advantage of all three of those tax loopholes.

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

How come?

Because a so called tax loophole is in fact just legally not paying tax that you are not legally required to pay.

So 3 easy to identify tax loopholes would be:-

1) The £10,000 ish pa income tax free allowance.

2) The £8,500 ish pa NI free allowance

3) Anything that does not have standard rate or above VAT applied to it.

All those 3 are legal ways to avoid paying tax.

I'm pretty sure that you, like me and nearly everyone else, takes advantage of all three of those tax loopholes.

My tax comes out of my wages.I am told how much tax I have to pay,I dont have a choice.

Reply privately (closed, thread got too big)

By (user no longer on site) over a year ago

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

How come?

Because a so called tax loophole is in fact just legally not paying tax that you are not legally required to pay.

So 3 easy to identify tax loopholes would be:-

1) The £10,000 ish pa income tax free allowance.

2) The £8,500 ish pa NI free allowance

3) Anything that does not have standard rate or above VAT applied to it.

All those 3 are legal ways to avoid paying tax.

I'm pretty sure that you, like me and nearly everyone else, takes advantage of all three of those tax loopholes.

My tax comes out of my wages.I am told how much tax I have to pay,I dont have a choice."

If you want to generate a huge amount of tax take away the expat tax status. You could fund this entire COVID-19 bailout with that.

Then tax companies like Amazon who do business in the UK. They put UK businesses under because they can't compete because they must pay business tax while their Luxembourg competitor does not.

But the best way to raise taxes is to pay the working man a living wage.

Reply privately (closed, thread got too big)

By *nleashedCrakenMan over a year ago

Widnes

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

How come?

Because a so called tax loophole is in fact just legally not paying tax that you are not legally required to pay.

So 3 easy to identify tax loopholes would be:-

1) The £10,000 ish pa income tax free allowance.

2) The £8,500 ish pa NI free allowance

3) Anything that does not have standard rate or above VAT applied to it.

All those 3 are legal ways to avoid paying tax.

I'm pretty sure that you, like me and nearly everyone else, takes advantage of all three of those tax loopholes.

My tax comes out of my wages.I am told how much tax I have to pay,I dont have a choice."

I can show you how to fill in a tax return that would ensure you pay £2,200 more tax than you legally have to (22% of £10,000). Paying an extra £1020 (12% of £8,500) NI is a little more difficult.

Do want to stop avoiding £3,220 in income tax and NI or are you actually quite happy with the loophole that makes it legal for you not to have to pay it?

Reply privately (closed, thread got too big)

By *nleashedCrakenMan over a year ago

Widnes

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

How come?

Because a so called tax loophole is in fact just legally not paying tax that you are not legally required to pay.

So 3 easy to identify tax loopholes would be:-

1) The £10,000 ish pa income tax free allowance.

2) The £8,500 ish pa NI free allowance

3) Anything that does not have standard rate or above VAT applied to it.

All those 3 are legal ways to avoid paying tax.

I'm pretty sure that you, like me and nearly everyone else, takes advantage of all three of those tax loopholes.

My tax comes out of my wages.I am told how much tax I have to pay,I dont have a choice.

If you want to generate a huge amount of tax take away the expat tax status. You could fund this entire COVID-19 bailout with that.

Then tax companies like Amazon who do business in the UK. They put UK businesses under because they can't compete because they must pay business tax while their Luxembourg competitor does not.

But the best way to raise taxes is to pay the working man a living wage."

If all companies were taxed totally where they made their profit rather then where the company is registered we might get more money from Amazon and Starbucks but if other countries did the same we'd get a lot less from Shell, BP and many others who would be paying that tax in the US, Africa, China and other places around the world. I'm not against the idea that companies should pay more tax in the country where the profit has actually been made but it almost definitely won't lead to a higher tax take overall in the UK.

Reply privately (closed, thread got too big)

By *nleashedCrakenMan over a year ago

Widnes

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

How come?

Because a so called tax loophole is in fact just legally not paying tax that you are not legally required to pay.

So 3 easy to identify tax loopholes would be:-

1) The £10,000 ish pa income tax free allowance.

2) The £8,500 ish pa NI free allowance

3) Anything that does not have standard rate or above VAT applied to it.

All those 3 are legal ways to avoid paying tax.

I'm pretty sure that you, like me and nearly everyone else, takes advantage of all three of those tax loopholes.

My tax comes out of my wages.I am told how much tax I have to pay,I dont have a choice.

If you want to generate a huge amount of tax take away the expat tax status. You could fund this entire COVID-19 bailout with that.

Then tax companies like Amazon who do business in the UK. They put UK businesses under because they can't compete because they must pay business tax while their Luxembourg competitor does not.

But the best way to raise taxes is to pay the working man a living wage."

I totally agree with your last paragraph about paying people a living wage.

Reply privately (closed, thread got too big)

By *ionelhutzMan over a year ago

liverpool

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

How come?

Because a so called tax loophole is in fact just legally not paying tax that you are not legally required to pay.

So 3 easy to identify tax loopholes would be:-

1) The £10,000 ish pa income tax free allowance.

2) The £8,500 ish pa NI free allowance

3) Anything that does not have standard rate or above VAT applied to it.

All those 3 are legal ways to avoid paying tax.

I'm pretty sure that you, like me and nearly everyone else, takes advantage of all three of those tax loopholes.

My tax comes out of my wages.I am told how much tax I have to pay,I dont have a choice.

Do want to stop avoiding £3,220 in income tax and NI or are you actually quite happy with the loophole that makes it legal for you not to have to pay it?

I dont really follow.

Are you saying should I volunteer to pay more tax than what I already do?2 lots.

Reply privately (closed, thread got too big)

By (user no longer on site) OP over a year ago

I think 12% is the highest ever UK unemployment level. I can see this being broken in 2020

Reply privately (closed, thread got too big)

By *nleashedCrakenMan over a year ago

Widnes

"I thought I'd do some maths on the cost.

32 million workers

Maximum cost per worker per month = £2500

Lets say the UK government needs to pay all 32 million the full £2500 for 6 months that comes to a total debt of 493 billion.

Now let's assume that is all borrowed by the UK government and is paid back like the war debt over 80 years.

That will be an annual cost of £6billion a year.

Split that between £32 million workers that will be an extra tax on each worker of £187.50 per year for 80 years.

Or £15.63 extra tax per month.

This is all roughly costs as it does not account for interest that will push the cost up, but also assumes all workers get the max, some will get less and others will not need it.

So in terms of affordability and extra £15 a month in tax for the next 80years seems affordable.

How about they start making those companies who make millions of profit each year,their fair share of tax?

Close a few tax loopholes?

Wouldnt that generate a bit of income?

You are talking about taxing Boris's mates. The last guy to try that was a fella named Corbyn. It didn't end well.

But yes. Expect the HMRC to be even more corrupt than they are now.

So which "loophole" are you suggesting they close? Personally I can only think of three tax avoidance loopholes that could be easily closed but I don't think they either should or would be.

How come?

Because a so called tax loophole is in fact just legally not paying tax that you are not legally required to pay.

So 3 easy to identify tax loopholes would be:-

1) The £10,000 ish pa income tax free allowance.

2) The £8,500 ish pa NI free allowance

3) Anything that does not have standard rate or above VAT applied to it.

All those 3 are legal ways to avoid paying tax.

I'm pretty sure that you, like me and nearly everyone else, takes advantage of all three of those tax loopholes.

My tax comes out of my wages.I am told how much tax I have to pay,I dont have a choice.

Do want to stop avoiding £3,220 in income tax and NI or are you actually quite happy with the loophole that makes it legal for you not to have to pay it?

I dont really follow.

Are you saying should I volunteer to pay more tax than what I already do?2 lots."

The question is rhetorical because your answer is probably the same as mine in that you don't want to stop taking advantage of the loophole that means you avoid paying £3,220 extra in income tax and NI. The point is is that everyone avoids paying more tax than they legally have to including you and me. That's not to say some tax avoidance measures shouldn't be either changed or closed down all together but simply stopping all tax avoidance (loopholes) would have a massive impact on everyone but especially on those who currently earn the least. You need to be a lot more specific as to which tax avoidance measures you believe should be changed or got rid of completely.

Reply privately (closed, thread got too big)

By *bsolutebeginnersCouple over a year ago

Planet Ork

"I think 12% is the highest ever UK unemployment level. I can see this being broken in 2020"

1 in 10 was the highest according to UB40

Reply privately (closed, thread got too big)