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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc" Don’t ask awkward questions everything will be wonderful ,don’t forget that 3oo billion is on top of 2 Trillion debt that U.K. already had before Covid , | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc Don’t ask awkward questions everything will be wonderful ,don’t forget that 3oo billion is on top of 2 Trillion debt that U.K. already had before Covid ," I could go a bit further, as if every country is in the economic position, who is owed the money? ... money generated at a touch of a keyboard yet paid back with sweat and blood | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc" Inflation x  | |||
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"Well I presume some one will hold a raffle to try and raise the money or maybe a cake bake try and pay it back." Maybe we could start a whip round here..  | |||
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"and dont forget, all the invreased benifits having to be paid out due to job losses, and also the county was in debt before all this, i cant see it being paid back in our lifetime tbh but not sure what the alternative was tho tax rises dont work, that was proven in the 70s, infact the only thing ever proven to help the ecomamy grow are tax cuts. i feel sorry for the children of today, its going to be hard" We already have tax cuts for the rich | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab." Try getting your facts right | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc" It won't. Even 10 years before covid was on the scene many economists were answering this very question stating it would take nearly a century of regular sustained economic growth to pay it off. Interest rates are near zero, best time to borrow at agreed flat rate. Who owns bank of England? The UK government. Currently our debt is about 2 Trillion. Let's look at the bigger picture, there's quite a few countries in Europe with GDP much higher than ours, Italy 135% , France 98% Spain 100% just to mention 3. | |||
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"and dont forget, all the invreased benifits having to be paid out due to job losses, and also the county was in debt before all this, i cant see it being paid back in our lifetime tbh but not sure what the alternative was tho tax rises dont work, that was proven in the 70s, infact the only thing ever proven to help the ecomamy grow are tax cuts. i feel sorry for the children of today, its going to be hard" I remember my dad saying that last statement to me he he sold our detached house in 1984 £65,000 after buying it in '75 for 4,200. Same house now would be close to 270,000 or more. | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc It won't. Even 10 years before covid was on the scene many economists were answering this very question stating it would take nearly a century of regular sustained economic growth to pay it off. Interest rates are near zero, best time to borrow at agreed flat rate. Who owns bank of England? The UK government. Currently our debt is about 2 Trillion. Let's look at the bigger picture, there's quite a few countries in Europe with GDP much higher than ours, Italy 135% , France 98% Spain 100% just to mention 3." It'll be fine.. Just a few quid short.. Mr Sunak has it covered, he'll sell one of those nice suites and bung the banks a few.. Sorted | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right " No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. " My guess is they will raise corporation tax. That way the companies that did well out of the virus will pay more and those that suffered will pay nothing. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. " I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? | |||
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 . The £7000 a day consultancy fees for assistants to the government are well spent of course.
It will be paid off invisibly behind the scenes, possibly after some of us are no longer here. Where the wealth is, is the reasonable expectations from where it's repaid. Many have become vastly wealthier during the pandemic, including tech companies. They could be relevant sources of repayment capital.
Trickle down is proven to be a fallacy. So we should not fall into the self-serving tax cuts to the wealthy, as Trump did. | |||
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"Donald Trump is asking supporters to help to pay his debts, so perhaps he'll donate, if he gets a surplus? State debt is handled differently to personal debt and it will be paid off over decades. At least none of it is being spent unwisely . The £7000 a day consultancy fees for assistants to the government are well spent of course.
There is a well established history of one off taxes on companies. North Sea oil, banks and so we should extend that to “e commerce”. These are strange times and so cross subsidising the loses with the winners is acceptable. These are extraordinary times.
It will be paid off invisibly behind the scenes, possibly after some of us are no longer here. Where the wealth is, is the reasonable expectations from where it's repaid. Many have become vastly wealthier during the pandemic, including tech companies. They could be relevant sources of repayment capital.
Trickle down is proven to be a fallacy. So we should not fall into the self-serving tax cuts to the wealthy, as Trump did. "There is a well established history of one off taxes on companies. North Sea oil, banks and so we should extend that to “e commerce”. These are strange times and so cross subsidising the loses with the winners is acceptable. These are extraordinary times. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? " Please add Military, and Police to the above list of Public staff. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? " My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? Please add Military, and Police to the above list of Public staff." Lies. They just sat at home on full pay and did fuck all. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr" A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? " you surprise me as you seem to be on here 24 hours a day | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? you surprise me as you seem to be on here 24 hours a day "I can multitask | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? you surprise me as you seem to be on here 24 hours a day
I can multitask"glad you dont work for me.  | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored." No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. " The bulk of the public sector worked. I,and a few others have provided enough examples. They have too as They keep society functioning..so to say all those public sector staff..they just sat at home on full pay..is completely untrue. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. " Certainly locally staff from places that were closed were redeployed to assist in other areas, the guys at the tip for instance were delivering PPE.. And there was a lot going on behind the scenes.. Fact is most councils across the country have over the last few years cut staffing levels, they simply don't have the luxury even if they were if that mind to let staff sit at home.. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. Certainly locally staff from places that were closed were redeployed to assist in other areas, the guys at the tip for instance were delivering PPE.. And there was a lot going on behind the scenes.. Fact is most councils across the country have over the last few years cut staffing levels, they simply don't have the luxury even if they were if that mind to let staff sit at home.." Love to know where some people get their info from. | |||
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" The bulk of the public sector worked. I,and a few others have provided enough examples. They have too as They keep society functioning..so to say all those public sector staff..they just sat at home on full pay..is completely untrue." I'm not sure about other local.authorities, but ours moved staff from closed areas (libraries and sports centres etc) into other duties to keep things going. Furlough wasn't even an option. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. The bulk of the public sector worked. I,and a few others have provided enough examples. They have too as They keep society functioning..so to say all those public sector staff..they just sat at home on full pay..is completely untrue." This was nothing to do with “pubic sector” workers not pulling their weight. So why do a few people want here want to turn it into one? In all sectors there is a mix of hard workers, middle of the roaders and skivers. We should be consolidating around looking after the former two and cutting out the latter. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. The bulk of the public sector worked. I,and a few others have provided enough examples. They have too as They keep society functioning..so to say all those public sector staff..they just sat at home on full pay..is completely untrue. This was nothing to do with “pubic sector” workers not pulling their weight. So why do a few people want here want to turn it into one? In all sectors there is a mix of hard workers, middle of the roaders and skivers. We should be consolidating around looking after the former two and cutting out the latter. "Go and read what you actually typed.The bit in brackets I've quoted it twice. You said they didnt even get furloughed.They,and I quote, sat at home on full pay. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. The bulk of the public sector worked. I,and a few others have provided enough examples. They have too as They keep society functioning..so to say all those public sector staff..they just sat at home on full pay..is completely untrue. This was nothing to do with “pubic sector” workers not pulling their weight. So why do a few people want here want to turn it into one? In all sectors there is a mix of hard workers, middle of the roaders and skivers. We should be consolidating around looking after the former two and cutting out the latter. "You highlighted public sector workers and said they were sat home on full pay? It's perfectly reasonable that the responses will be about that.. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. The bulk of the public sector worked. I,and a few others have provided enough examples. They have too as They keep society functioning..so to say all those public sector staff..they just sat at home on full pay..is completely untrue. This was nothing to do with “pubic sector” workers not pulling their weight. So why do a few people want here want to turn it into one? In all sectors there is a mix of hard workers, middle of the roaders and skivers. We should be consolidating around looking after the former two and cutting out the latter.
You highlighted public sector workers and said they were sat home on full pay?
It's perfectly reasonable that the responses will be about that.."I don’t think I highlighted public sector. I included them. And in truth it was an add on to my main comment. I am intrigued why no “ private sector” Employees have commented. I do not have an issue with anyone in the public sector. There is a huge difference between those work in the bubonic sector and large private companys and those who work for small businesses, Semi and fully self employed. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. The bulk of the public sector worked. I,and a few others have provided enough examples. They have too as They keep society functioning..so to say all those public sector staff..they just sat at home on full pay..is completely untrue. This was nothing to do with “pubic sector” workers not pulling their weight. So why do a few people want here want to turn it into one? In all sectors there is a mix of hard workers, middle of the roaders and skivers. We should be consolidating around looking after the former two and cutting out the latter.
You highlighted public sector workers and said they were sat home on full pay?
It's perfectly reasonable that the responses will be about that..
I don’t think I highlighted public sector. I included them. And in truth it was an add on to my main comment.
I am intrigued why no “ private sector”
Employees have commented. I do not have an issue with anyone in the public sector.
There is a huge difference between those work in the bubonic sector and large private companys and those who work for small businesses,
Semi and fully self employed."Yes you did. Its there is black and white Bubonic sector? | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? My thought exactly. A rather nasty comment to make and totally untrue. Every public sector worker I know has worked right through, many working extra time to cope with all the issues that Covid has created. Mr A lot actually went into work aswell.. while some worked from home. I love it when you ask a question and it just gets ignored. No. Not ignored. Just dip in and out as your average person does. A lot of us have a life to lead. New Forest nap authority . Still have the shutter down. No switch board. Local authority sports clubs. Hot one this... teachers and particularly all associated staff. Not my specialist field so must be many more. This is not aimed as a criticism that those who worked. I thought that was clear/ implicit. The bulk of the public sector worked. I,and a few others have provided enough examples. They have too as They keep society functioning..so to say all those public sector staff..they just sat at home on full pay..is completely untrue. This was nothing to do with “pubic sector” workers not pulling their weight. So why do a few people want here want to turn it into one? In all sectors there is a mix of hard workers, middle of the roaders and skivers. We should be consolidating around looking after the former two and cutting out the latter.
You highlighted public sector workers and said they were sat home on full pay?
It's perfectly reasonable that the responses will be about that..
I don’t think I highlighted public sector. I included them. And in truth it was an add on to my main comment.
I am intrigued why no “ private sector”
Employees have commented. I do not have an issue with anyone in the public sector.
There is a huge difference between those work in the bubonic sector and large private companys and those who work for small businesses,y
Semi and fully self employed."My Apologies about the”bubonic” bit. What is more offensive? Auto text cockups or others perceived viiew of my ,polatique” | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc" To put perspective on it, we expect to spend almost 200 billion on benefits this year | |||
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"You are just embarrassing yourself now. The public sector has been absolutely savaged under austerity in terms of jobs and pay. Services have been cut to the absolutely bone. Bubonic my arse " It seems to me that they could cut back a bit more if someone working for them can spend all day on here as well as working. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? Please add Military, and Police to the above list of Public staff. Lies. They just sat at home on full pay and did fuck all." So your bins weren't emptied, no police, GPS, nurses, care workers, armed forces, no one providing your electricity and gas then and working on grocery shops then? Those are just a few sectors that worked through. I'm sure there are many more too. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? Please add Military, and Police to the above list of Public staff. Lies. They just sat at home on full pay and did fuck all. So your bins weren't emptied, no police, GPS, nurses, care workers, armed forces, no one providing your electricity and gas then and working on grocery shops then? Those are just a few sectors that worked through. I'm sure there are many more too. " I was replying to the poster who said all public sector staff sat at home. It was tongue in cheek. | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc It won't. Even 10 years before covid was on the scene many economists were answering this very question stating it would take nearly a century of regular sustained economic growth to pay it off. Interest rates are near zero, best time to borrow at agreed flat rate. Who owns bank of England? The UK government. Currently our debt is about 2 Trillion. Let's look at the bigger picture, there's quite a few countries in Europe with GDP much higher than ours, Italy 135% , France 98% Spain 100% just to mention 3." Only Germany has a higher gdp than the UK | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc It won't. Even 10 years before covid was on the scene many economists were answering this very question stating it would take nearly a century of regular sustained economic growth to pay it off. Interest rates are near zero, best time to borrow at agreed flat rate. Who owns bank of England? The UK government. Currently our debt is about 2 Trillion. Let's look at the bigger picture, there's quite a few countries in Europe with GDP much higher than ours, Italy 135% , France 98% Spain 100% just to mention 3. Only Germany has a higher gdp than the UK "Where you get your information from? Germany brought legislation that put in place safety measures a few years ago that said they could not rise above 35% GDP. | |||
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"At this point national borrowing and debt feel like concepts so far removed from the everyday fiscal reality that most of us understand that they seem about as relatable as quantum physics to toasting a crumpet. Billions on trillions... it's effectively meaningless. My hope is that the global fallout of this will lead to something I've been looking forward to, the transition to a post-money, leisure-based society where robots and artificial intelligence do all the work while we inferior meat machines watch box sets and wank all day. " .... brilliant | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc It won't. Even 10 years before covid was on the scene many economists were answering this very question stating it would take nearly a century of regular sustained economic growth to pay it off. Interest rates are near zero, best time to borrow at agreed flat rate. Who owns bank of England? The UK government. Currently our debt is about 2 Trillion. Let's look at the bigger picture, there's quite a few countries in Europe with GDP much higher than ours, Italy 135% , France 98% Spain 100% just to mention 3. Only Germany has a higher gdp than the UK
Where you get your information from? Germany brought legislation that put in place safety measures a few years ago that said they could not rise above 35% GDP. "Very easy to find info on this. Try Wikipedia | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc It won't. Even 10 years before covid was on the scene many economists were answering this very question stating it would take nearly a century of regular sustained economic growth to pay it off. Interest rates are near zero, best time to borrow at agreed flat rate. Who owns bank of England? The UK government. Currently our debt is about 2 Trillion. Let's look at the bigger picture, there's quite a few countries in Europe with GDP much higher than ours, Italy 135% , France 98% Spain 100% just to mention 3. Only Germany has a higher gdp than the UK
Where you get your information from? Germany brought legislation that put in place safety measures a few years ago that said they could not rise above 35% GDP.
Very easy to find info on this. Try Wikipedia "The country’s you quote apart from Germany do not have a bigger GDP than the U.K. | |||
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"Ok ... here’s my input on this as a self employed ( didn’t get a bean from government) person, who always paid tax on time in full and now has no work (3 biggest clients have gone down). Guessing tax hikes for all to pay for this mess including the 3m plus of us that have struggled and used savings to get through. I’m not moaning as have accepted that this has changed the way we all work etc etc. I will likely mothball my company ( 15 years to build) and start again perhaps in another career. Not sure if I will have any money to pay tax though...sorry government. I wonder what the 3m other self employed others will do when they are also required to pay more despite being left marooned on self employed island? " get as many loans in the companies name, tell the suppliers your going to go under (they are insured) ... give it couple of months and fold the company, quite a few are planning to do this. allegedly  | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc" Austerity on steroids unless they get booted out in 2024 | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc Austerity on steroids unless they get booted out in 2024" i dont think they have got much room to hit the austerity panic button, cant get blood out of a stone etc if anything labour are thinking thank god we never won the election last year ... | |||
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"I'd love to know how much of this qe is going to people in the know and minitsers 'friends', fraudulently. I bet it's not a small amount." QE has always gone to the those in the know, normally banks and financial industry .. same as money via the councils ... government gives 1 million, by the time it reaches the people who its for, its pennies! | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc Austerity on steroids unless they get booted out in 2024 i dont think they have got much room to hit the austerity panic button, cant get blood out of a stone etc if anything labour are thinking thank god we never won the election last year ... " In more ways than one - The Corbyn cluster fuck conundrum. | |||
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"Not really interested in peoples views on covid to a certain extent, more interested in the way the economy is being handled... Last week the bank of England brought in q.e to the tune of 150 billion, enough for 12k per person in the UK https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/november-2020 Add on the borrowing of the government thought to be way above 300 billion... So is that wise? How Will it be paid back if majority of small business are close to going to the wall etc Austerity on steroids unless they get booted out in 2024 i dont think they have got much room to hit the austerity panic button, cant get blood out of a stone etc if anything labour are thinking thank god we never won the election last year ... " Why? The tories can blame the btrxit clusterfick on Corona. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. My guess is they will raise corporation tax. That way the companies that did well out of the virus will pay more and those that suffered will pay nothing." I hope not. Have a small interest in a limited company, company profits have corporation tax charged at 20%. If company pays a dividend from what remains it is declared on my tax return and I gets taxed on it again.  | |||
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"and dont forget, all the invreased benifits having to be paid out due to job losses, and also the county was in debt before all this, i cant see it being paid back in our lifetime tbh but not sure what the alternative was tho tax rises dont work, that was proven in the 70s, infact the only thing ever proven to help the ecomamy grow are tax cuts. i feel sorry for the children of today, its going to be hard" What is proven to boost an economy is the people who spend their money, ie the poorest folk, having more money to spend. Tax cuts for the poor and tax rises for the rich, combined with massive corporations paying their fair share of tax will release funds to boost the economy. | |||
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"The standard response for the last 50 years. Effectively taxing the prudent (savers) to subsidise the feckless (all those maxed out with unsecured credit). Government borrowing costs will remain very low for the next decade and so we don’t need to get the debt down immediately but we do need to have a sound plan. For starters, how about converting all the money dolled out to those furloughed (including all those public sector folk who did not get furloughed. They just sat at home on full pay) into a loan on the lines of student loans. Paid over a long period and only if you are above a threshold. Not suggesting it is the whole answer by any means but a valuable source of treasury income once the economy is strong enough to take it. Those who benefited today contributing rather than leave it for our children to pick up the tab. Try getting your facts right No one is infallible so if you believe I have got any fact wrong let me know and I will correct it. (Fact rather than opinion or interpretation of a fact that is) Looking at your previous post, I think you may be seeing this from an “ affluent/ not so affluent” stance. It has always been the case that you need money to get seriously into debt. Lending institutions are not stupid. They will only lend to people who have the ability to repay. It is often the reasonably affluent who are the worst culprits.. I'm public staff.we worked all the way through..actually going into work. Benefits office. worked Tax.worked Local council.worked Bin men.worked. Nurses.worked. So where exactly are all these public sectors workers who stayed at home and got furloughed.? Local authority building control, Hse, and DVLA all organisations I deal regularly with and all been on furlough " | |||
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"Yup, I've been buying gold with any spare money. So far 3 simple 22ct gold bands and another bespoke rings are worth over £10k, together with some necklaces and a diamond pendant, totally £24k! Who knew I'd be using it, woo hoo!" And now you have expensive insurance.. aka negative interest... | |||
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