Slow news day? The real deal? End of the world? 
 

They’re saying it probably came from an animal, has Somebody been shagging monkeys again? 

9 minutes ago, Farrelli said:

We are both on our arse.  The point remains that a complex negotiation has had an unnecessary time limit imposed by our government.  All parties knew it was a tight timetable but Boris and co were showboating after their election win.  That now looks rather silly IMO as it could have been more flexible.  Anyway, there is time yet for them to change course and if Cummings gets binned that may be possible.

You are wrong

7 minutes ago, birch-chorley said:

Eh? 

If you borrow £50bn and only pay back £49bn then that’s £1bn of free money as you don’t have to pay it back 

I get that thanks. Yep so we don’t pay back 1bn of it but pay back 49bn of it. It would be lovely situation if that 49bn is just fired away in an account. Then it’s nice free money. But in reality it’s getting plundered into a big fuck off hole of debt 
it’s 49bn we weren’t going to be spending. We are now. Plus hundreds of billions extra. 
 

if someone lends you £1 at -2% interest and you borrow £10 at 1% interest  you don’t have free money  that’s the way I look at it  

 

Edited May 23, 20206 yr by Escobarp

3 minutes ago, boltondiver said:

You are wrong

Theres 5 sentences and at least one is indisputably correct

23 minutes ago, Tonge moor green jacket said:

 

As for the products the government ordered, do we know they weren't promised them to a certain specification?

Under the circumstances, I can understand some relaxation of normal practices and not checking quality previously. 

Even if samples were provided, it is possible those delivered were substandard.

 

Our sister company deals in PPE, and are working with NHS England and NHS Wales, we've been told that no samples were ever asked for, it was a bit of a balls up from start to finish, which was pretty much panic induced. No specific approvals were requested, which was the first issue. I don't know a great deal about it, but the products are approved for use in certain parts of the world but not the EU/UK... I guess it's a "standards" issue. Its no major secret that the error is on our part, the main issue being that we never saw a sample of the products we were ordering, had we done, we'd not have ordered it.

18 minutes ago, birch-chorley said:

Eh? 

If you borrow £50bn and only pay back £49bn then that’s £1bn of free money as you don’t have to pay it back 

Are we really going to pay back less than we've borrowed? - if so, why not borrow loads more?

Thank god none of us are politicians. Country would be even fuckederer. 

8 minutes ago, Sweep said:

Are we really going to pay back less than we've borrowed? - if so, why not borrow loads more?

Exactly. In reality we should refinance the whole national debt into negative interest loans if it was this simple. 

3 minutes ago, peelyfeet said:

Thank god none of us are politicians. Country would be even fuckederer. 

Regular straighteners in the Commons and everyone turning up pissed as a fart

https://www.bbc.co.uk/news/uk-52781812

1 week holiday in France, 4 weeks in quarantine. 

2 minutes ago, Escobarp said:

Exactly. In reality we should refinance the whole national debt into negative interest loans if it was this simple. 

I'll be honest, I have no idea what interest rate we do or don't pay, I wouldn't even know how to find out. If it is a fact we pay back less than we borrow, then I can't see why we wouldn't have borrowed more, a lot more.

Everyone on here is entrenched.

Apart from me.

Carry on.

17 minutes ago, Sweep said:

Our sister company deals in PPE, and are working with NHS England and NHS Wales, we've been told that no samples were ever asked for, it was a bit of a balls up from start to finish, which was pretty much panic induced. No specific approvals were requested, which was the first issue. I don't know a great deal about it, but the products are approved for use in certain parts of the world but not the EU/UK... I guess it's a "standards" issue. Its no major secret that the error is on our part, the main issue being that we never saw a sample of the products we were ordering, had we done, we'd not have ordered it.

Just called my colleague who deals with this shit. He's advised we did pay up front, but the product is being, or has been returned minus a small returns fee, as the Turkish firm can sell the products in to the US. So at least we haven't lost out. The issue was we didn't check the products met UK standards.

So all's well in the end

31 minutes ago, Casino said:

Theres 5 sentences and at least one is indisputably correct

More of a general statement!

12 minutes ago, peelyfeet said:

https://www.bbc.co.uk/news/uk-52781812

1 week holiday in France, 4 weeks in quarantine. 

Will it be a y surprise if it’s lifted across the board come July. 

I think it’s folly to try to predict too much about the year/s ahead.

Use this time well

1 hour ago, Sweep said:

Absolutely, this is a depression that's coming, not a recession. It's going to be very, very deep and very, very long. It won't be nice at all, anybody who thinks it'll all be OK within a few months is in cloud cuckoo land I reckon

This Cloud Cuckoo land sounds decent. What's their current coronavirus situation?  

 

1 hour ago, Tonge moor green jacket said:

So not all stuff up front then?

Can't say I've ever encountered a business where much is paid up front.

Just talking to a chap recently who buys meat products in from all over for his business (dog food).

His suppliers started requesting up front payment because of fears their customers may go tits up in this crisis. Prior to that, he has a an account like others and pays when it's due.

Was pretty much the same when I worked in the chemical industry and with businesses I deal with now.

Perhaps the Chinese have you by the bollocks, I don't know.

As for the products the government ordered, do we know they weren't promised them to a certain specification?

Under the circumstances, I can understand some relaxation of normal practices and not checking quality previously. 

Even if samples were provided, it is possible those delivered were substandard.

 

Confidence plays such a massive role in the economy. Once that's shaken everything starts to seize up, credit dries up, cashflow is hammered. Good, viable businesses will go under for no other reason than people are shaken. 

So the SAGE advisor broke lockdown and was told to resign.

The Scottish medical officer broke the lockdown and was told to resign.

Cummings broke the lockdown and has ministers hitting Twitter at breakneck speed to say he was just being a good family man.

Turns the stomach.

I suppose the medical fees to have his DNA surgically removed from so many ministerial bowels would be very high, so best all round that he’s left alone.

Edited May 23, 20206 yr by Spider

31 minutes ago, Sweep said:

I'll be honest, I have no idea what interest rate we do or don't pay, I wouldn't even know how to find out. If it is a fact we pay back less than we borrow, then I can't see why we wouldn't have borrowed more, a lot more.

Record low reached this week 

The markets are looking for safe heavens so they have been pulling money out of the stock market and buying government bonds with negative rates, only something like -0.003% or something but still, never a better time to borrow 

https://markets.businessinsider.com/news/stocks/uk-sells-negative-yield-bonds-first-time-interest-rate-markets-2020-5-1029220251

 

 

 

Edited May 23, 20206 yr by birch-chorley

1 minute ago, Spider said:

So the SAGE advisor broke lockdown and was told to resign.

The Scottish medical officer broke the lockdown and was told to resign.

Cummings broke the lockdown and has ministers hitting Twitter at breakneck speed to say he was just being a good family man.

Turns the stomach.

I suppose the medical fees to have his DNA surgically removed from so many ministerial bowels would be very high, so best all round that he’s left alone.

Alistair Campbell faked a dossier, upon which we went to war.

He didn’t resign and wasn’t sacked.

 

Haven’t used any cash for at least 9 weeks

4 minutes ago, boltondiver said:

Alistair Campbell faked a dossier, upon which we went to war.

He didn’t resign and wasn’t sacked.

 

Should have been.

 

The state of these bellends. I hope he's worth it.

6 minutes ago, Spider said:

So the SAGE advisor broke lockdown and was told to resign.

The Scottish medical officer broke the lockdown and was told to resign  

By who? The cmo in Scotland was asked not to resign and she was in no danger of being sacked is my recollection?  She chose to go.
 

And I’m not standing up for Cummins as what he did was nonsense but his case calderwoods case and Ferguson’s. Case are all very very different. 
 

5 minutes ago, Tombwfc said:

 

The state of these bellends. I hope he's worth it.

Spineless wankers.

Hancock wanted the police involved when Ferguson was shagging that lass.

Edited May 23, 20206 yr by mickbrown

1 minute ago, mickbrown said:

Spineless wankers.

Hancock wanted the police involved when Ferguson as shagging that lass.

Feels like a risk to me