Current Affairs Coronavirus Thread - Serious stuff !!!

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Brennan said:
That’s their lookout.

A mortgage holiday scheme would not have been as balanced as the scheme for employees.

What about those who live with somebody and there is unequal income. Do you defer a third of the mortgage ?

What about those who are low earners and live with their parents ?

etc.
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Neither of those groups necessarily need the extra support in this instance, though - but they'd be indirectly helped by it (ie: if a cohabiting couple only had one person in full time employment before this hit, by helping that person the couple are better off as a whole (with the 2 x SSP or UC as well dont forget).
 
BlueToff said:
I worked out my avg earnings over the last three years the other day (and for the last year, just in case)

I don't know how it works based on my tax - always had an accountant do it for me. Have claimed back on expenses etc.

It's bloody worrying now waiting for HMRC to get in touch. Have no idea what I'm entitled to if it's based off my self-assessment.
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The scheme is available to those who had trading profits of 50k or less, so I assume its gonna be based on trading profits rather than turnover (ie income).

After all, the self employed are taxed on profits, not income so I've kind of assumed that's how it will be based, but will have to check the full government guidance when published.
 
Big_nev said:
In reality/probability then with a little bit of self control and caution from people, this country really shouldn't be peaking as high/quickly as either Italy or Spain. It's not hard to imagine how easily the virus would of been spread around in the evenings by people not even aware they are sick. Maybe it's too late and we are already past that point but surely the general lack of widespread socialising in this country compared to others should slow things down.
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the crowds in pubs bars etc seen in Ireland and Britain just gives the virus a different way to transmit
 
Brennan said:
Of course there will, all this money will have to be paid back at some point through taxation.

But that’s different to it being something automatically repaid directly which is what the other poster was implying.
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They will just alter the tax breaks given , saying that its odds on those that have an employer will get walloped as well one way or another,
Nothing free in this world
Poor buggers on zero hours I feel sorry for looks like they sign on , though ahead times as they wait for that to get sorted.
Not likely to have any savings behind them due to the rubbish rates of pay either.
 
ramacca said:
What a lemon 'boy wonder' Sunak really is. 'You'll get your grant in June'. A grant that is to be paid back. So in the meantime, claim universal credit - which is swamped and can't cope so people aren't getting any money. And if you do get through a claim, that will be taken from your grant in June.

Another own goal by boy wonder. He should have been told people were getting a universal basic income.

And who does the first question go to? Why Laura 'I'm Boris's cheerleader' Kuessenberg. Who as usual asks a daft question that allows them to waffle.

Seems like he now hopes it's up and running by June. He says 'it's complicated'. Universal basic income is extremely easy.
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it’s a grant not a loan, it doesn’t get paid back, but it is taxed....
 
edge said:
They will just alter the tax breaks given , saying that its odds on those that have an employer will get walloped as well one way or another,
Nothing free in this world
Poor buggers on zero hours I feel sorry for looks like they sign on , though ahead times as they wait for that to get sorted.
Not likely to have any savings behind them due to the rubbish rates of pay either.
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Zero hours (and agency work) really need to be got rid of after this - yes, they offered some convienience, especially for employers, but it should be evident to absolutely everyone now that they put people in massively unstable positions.

It would almost be worth looking at ending the minimum wage, which is whats driven the rise of these abuses, in exchange for employees having actual rights and the chance to get financial stability.
 
tsubaki said:
Zero hours (and agency work) really need to be got rid of after this - yes, they offered some convienience, especially for employers, but it should be evident to absolutely everyone now that they put people in massively unstable positions.

It would almost be worth looking at ending the minimum wage, which is whats driven the rise of these abuses, in exchange for employees having actual rights and the chance to get financial stability.
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Theres a lot to be said for this.....zero hours is a disgrace really....
 
ToffeeTim said:
The scheme is available to those who had trading profits of 50k or less, so I assume its gonna be based on trading profits rather than turnover (ie income).

After all, the self employed are taxed on profits, not income so I've kind of assumed that's how it will be based, but will have to check the full government guidance when published.
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Yep I think he did say profits.

Also a bit confused as to this: 'When it comes to people who have only just begun working as self-employed, Rishi Sunak says they will look at whatever accounts they have to work out their entitlement'

I'm really confused.

As I've said, I've been filing my returns for the last few years but the majority was as part-time self-employed - basically I kept freelancing while working my other job. Paid PAYE for that and then self-assessment for the freelancing.

I've been freelancing full time for a year and am going from a healthy wage to nothing overnight through no fault of my own (as a lot of people have).

I'm trying my best to look for work and don't expect the gov to fund me forever but my wage now is not comparable to the wage I had before when I also had another, main source of income.

I just don't get it and am now extremely worried as to what I'm going to have by the end of it.

Not being funny, I think I'll be lucky to even be hitting the 'have to pay tax at all' bracket (is that about £11k?) this year as things stand. It's horrid and I'm not sure it can be considered 'fair' that a person loses out because they haven't been self-employed for three years.
 
Hmm. So, I am registered S/E, have been for 10 years plus, and all up to date and paid up.

But, I came to an agreement with the company I work for that I would take an temporary and non dated break from work so I could be at home 24/7 for Mrs R. ( and have access to a pension allowing me to do that)

And because I could prove to the NHS that I could do that, they were happy to discharge her from her respiratory ward. (She would still be there otherwise).

So I am earning less, but only kinda cos of the virus. Oh well, will wait for the letter and form.
 
Brisan123 said:
Not in ireland
We stopped all that malarkey 100 years ago lol
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You have senior ministers though. Do you not think it appropriate that they be tested for the virus if they had symptoms?.

The second issue is that the man actually tested positive. He has the virus FFS. So we have a 71 year old man, who is currently experiencing mild symptoms, but who come the end of this week will either get better, or deteriorate and be admitted to hospital. If the latter happens, there's a very good chance that he won't ever come out of hospital alive. Now if that was any other 71 year old man in the country nobody would have questioned whether he should have been tested. In fact it would have been expected.
 
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