Furlough scheme extended to October
Discussion
Some contributions from employers, and support for part time:
"Employers currently using the scheme will be able to bring furloughed employees back part-time.
"We will ask employers to start sharing, with the government, the costs of paying people’s salaries.
Further detail will follow by the end of May but I want to assure people one thing won’t change:
"Workers will, through the combined efforts of government and employers, continue to receive the same level of support as they do now, at 80% of their salary, up to £2,500."
"Employers currently using the scheme will be able to bring furloughed employees back part-time.
"We will ask employers to start sharing, with the government, the costs of paying people’s salaries.
Further detail will follow by the end of May but I want to assure people one thing won’t change:
"Workers will, through the combined efforts of government and employers, continue to receive the same level of support as they do now, at 80% of their salary, up to £2,500."
Surely there's a logic to it though - bars/restaurants/retail and leisure are not going to go back to business as usual as soon as the doors open. If social distancing is still in place and all of the above are at reduced capacity, then measures need to be in place to ensure that we don't end up with a huge number of job losses once the doors reopen as the businesses would not be viable based upon the amount of money generated by half empty premises
Let's face it, we're all going to be paying for it for a long time. Just how big a hit this will be in the long term remains to be seen
Let's face it, we're all going to be paying for it for a long time. Just how big a hit this will be in the long term remains to be seen
Just heard on LBC - total cost estimated to be over £50 billion for this to last end of July. For comparison Cross Rail 2 was estimated to be £40 billion. Some but not all of this was unavoidable. Garages for example don't need to be shut. Restaurants and pubs which are large enough to space out seating etc. This is stunning example of why the state should regulate but leave businesses to run businesses.
Edited by fido on Tuesday 12th May 12:57
Pieman68 said:
Surely there's a logic to it though - bars/restaurants/retail and leisure are not going to go back to business as usual as soon as the doors open. If social distancing is still in place and all of the above are at reduced capacity, then measures need to be in place to ensure that we don't end up with a huge number of job losses once the doors reopen as the businesses would not be viable based upon the amount of money generated by half empty premises
Let's face it, we're all going to be paying for it for a long time. Just how big a hit this will be in the long term remains to be seen
If there are changed so that it only applies to businesses forced to close I think its a good idea, if it’s just carry on as we are it’s a bad ideaLet's face it, we're all going to be paying for it for a long time. Just how big a hit this will be in the long term remains to be seen
petemurphy said:
who the f is gonna pay for that. seems a bit overly generous
UBI creeping in, in these ‘unprecedented times’Economic failure is being conflated with coronavirus here.
Intertwined on purpose to obfuscate two realities that are individually both very distinct:
Coronavirus is like a bad winter of flu.
The economy is screwed and was topped out again.
Now we get a blended uncertainty and we’re happy to throw everything at fixing covid19, and by extension the economy...
Nice.
chancellor said:
"Nobody who is on the furlough scheme wants to be on this scheme."
Simply not true. I was speaking to a client of mine yesterday, who currently has his twenty odd employees (electricians) on furlough. He says that a lot of them aren't bothered at all, in fact some of them are 'loving it'. Judging by a lot of the posts on local FB groups, plenty of others are quite happy sitting at home, posting 'downing pint challenge' videos etc. Wonderful.LeighW said:
chancellor said:
"Nobody who is on the furlough scheme wants to be on this scheme."
Simply not true. I was speaking to a client of mine yesterday, who currently has his twenty odd employees (electricians) on furlough. He says that a lot of them aren't bothered at all, in fact some of them are 'loving it'. Judging by a lot of the posts on local FB groups, plenty of others are quite happy sitting at home, posting 'downing pint challenge' videos etc. Wonderful.fido said:
Just heard on LBC - total cost estimated to be over £50 billion for this to last end of July. For comparison Cross Rail 2 was estimated to be £40 billion. Some but not all of this was unavoidable. Garages for example don't need to be shut. Restaurants and pubs which are large enough to space out seating etc. This is stunning example of why the state should regulate but leave businesses to run businesses.
Let's not forget that the annual budget deficit at the end of the last Labour government was £150bn pa odd.Edited by fido on Tuesday 12th May 12:57
LeighW said:
Simply not true. I was speaking to a client of mine yesterday, who currently has his twenty odd employees (electricians) on furlough. He says that a lot of them aren't bothered at all, in fact some of them are 'loving it'. Judging by a lot of the posts on local FB groups, plenty of others are quite happy sitting at home, posting 'downing pint challenge' videos etc. Wonderful.
They are simpletons then. I’m on furlough and want to be back in work. The longer it goes on the lower the chance I’ll still have a job come the end of it. As it is we’re living off the girlfriends wage and saving every penny we can just in case I do lose my job when it endsGassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff