Current Affairs Coronavirus Thread - Serious stuff !!!

[PhilM]

No but the millions are with interest.

That's the difference here, this isn't helping businesses , it's profiting from them long term.

Sorry a worldwide virus is affecting everything in the world. Here, here is some money but we are going to profit on every single penny you pay back

And what happens if companies struggle to pay it back? Do they have to go out of business in debt to the government?

I'm not a business savvy tbh but owing the government is far worse surely?



Not really. Other countries are financially supporting it's population . Ours wants to profit from it.

The UK government doesn't have £330bn sat in a bank account that they can just instantly throw out. It's a gilt (a guarantee) to banks and the treasury for the cash.

Like I mentioned earlier, it is very likely that interest rates will be very low and just above the base rate in which the government will pay to actually cover the loan.

It's not profiteering in the slightest, but rather simply covering the cost of a very, very expensive loan, which ultimatly the government can't afford to repay alone.

Here's £30k and you'll have to pay around 1% - it'll be snapped up by all.

 

[Nymzee]

That was a slightly promising brief from the goverment right? No? I don't even know anymore.

 

[Billy Dean]

The infections certainly, but deaths will be fairly accurate.

Yes of course, that's what I meant.

 

[Nymzee]

Rumour has it our place of work will close Thursday for 3 months.

 

[ForeverBlue92]

If the world had any balls they would send a Bill to China

 

[Brennan]

No but the millions are with interest.

That's the difference here, this isn't helping businesses , it's profiting from them long term.

Sorry a worldwide virus is affecting everything in the world. Here, here is some money but we are going to profit on every single penny you pay back

And what happens if companies struggle to pay it back? Do they have to go out of business in debt to the government?

I'm not a business savvy tbh but owing the government is far worse surely?



Not really. Other countries are financially supporting it's population . Ours wants to profit from it.

Sorry but you’re being totally disingenuous with your use of the word profit.

 

[PhilM]

Rumour has it our place of work will close Thursday for 3 months.

Apparently, Bentley in Crewe have told staff they're having x-number of weeks off (think it was eight) and pay will be cut to 60%. Vauxhall are going into hiatus.

 

[tsubaki]

That was a slightly promising brief from the goverment right? No? I don't even know anymore.

Thats right. I found myself thinking Rishi Sunak looked calm and competent, but then realised who he was stood next to and think it might have just been my brain subconsciously comparing the two.

 

[Zezti]

That was a slightly promising brief from the goverment right? No? I don't even know anymore.

Even if its the truth, saying 'best case with everything going to plan is 20,000 deaths' doesn't really fill people with confidence.

 

[Nymzee]

Even if its the truth, saying 'best case with everything going to plan is 20,000 deaths' doesn't really fill people with confidence.

Death is inevitable to a degree, bakruptcy is not so much.

 

[Kenshin]

We are doing the same as the other countries. I see no difference.

There is no conspiracy. As long as the money is available to the right businesses, and quickly, then this is good.

The interest will be far less than a business could usually lend for anyway so that's a good thing. Debt isn't a problem if a business can be sustained and service the debt. If the scheme is ran properly, that sort of cash will save thousands of jobs.

The UK government doesn't have £330bn sat in a bank account that they can just instantly throw out. It's a gilt (a guarantee) to banks and the treasury for the cash.

Like I mentioned earlier, it is very likely that interest rates will be very low and just above the base rate in which the government will pay to actually cover the loan.

It's not profiteering in the slightest, but rather simply covering the cost of a very, very expensive loan, which ultimatly the government can't afford to repay alone.

Here's £30k and you'll have to pay around 1% - it'll be snapped up by all.

Sorry but you’re being totally disingenuous with your use of the word profit.

Well I know sod all about business really so if I'm talking out my arse then so be it. Just calling it the way I interpreted it.

 

[Mrk]

I was thinking that.

Other countries are supporting businesses and the conservatives are doing so , but expect the money back which will financially cripple them long term .

So, so far we have don't go to pubs club's and restaurants but you know , sod them not getting any business . If your company is struggling we will help, but want every penny back.

Jesus I knew the Tories were bad but this is a whole new level of upper class entitlement. No longer about tax, when all is said and done the business side of the country is going to be in debt to them!

You couldn't make this up. So far they have not announced a single measure that actually helps anyone during all of this unless it benefits them in some way.

lol Good lord, did you even bother to listen/read what has been anounced?!

The government are not loaning any money or asking for any money back - they are essentially acting as guarantors.

 

[Nymzee]

Thats right. I found myself thinking Rishi Sunak looked calm and competent, but then realised who he was stood next to and think it might have just been my brain subconsciously comparing the two.

I've stayed away from the news and politics from before all this so first time I've head Rishi speak but I liked what he was saying and hope it's the solutions people want.

 

[Axlswhk]

So around the end of this week Italy should be seeing rates fall?

The infection had already past initial stage when mass testing started and it might still be at catching up stage at the moment. Happened in China, Korea and Iran. True lockdown result will surface when testing capability is catching up. There’s only so many people they can test per day.

 

[Nymzee]

Apparently, Bentley in Crewe have told staff they're having x-number of weeks off (think it was eight) and pay will be cut to 60%. Vauxhall are going into hiatus.

Yeh we're all still rumours. I think it's a case of who is budging first on sending us home from the goverment or Sellafield. Lots of people off this week and still dropping off due to who's been in contact with confirmed cases/symptoms. Lots worried about a 3 month gap since they're agency not staff.