When its over

[Casino]

And some normality returns, whats the smzrt money on

Stock market boom, spend spend spend, inflation, interest rate rises

Or

Job losses, massive tax hikes, property crash, pensions utterly fucked

 

Sure its somewhere in between, but what are the experts predicting

#Prayforreesmogg

[Zico]

put brexit on hold whilst we get our shit together

[Traf]

Job losses, massive tax hikes, property crash, pensions utterly fucked

[Casino]

2 minutes ago, Traf said:

Job losses, massive tax hikes, property crash, pensions utterly fucked

Heaven knows im miserable now 

Edited April 6, 2020 by Casino

[Traf]

Expect the worst and you'll either be right or happily wrong 

[Rudy]

15 minutes ago, Traf said:

Expect the worst and you'll either be right or happily wrong 

I love that. When my house gets repossessed and me and the wife are living under a bridge at least I can turn around and say I told you I was right.

[Traf]

15 minutes ago, Rudy’s Message said:

I love that. When my house gets repossessed and me and the wife are living under a bridge at least I can turn around and say I told you I was right.

A small victory.

[peelyfeet]

God knows, seems like we are inextricably linked to the US economy anyway, so will probably be based on how well they recover. Having lots of digital economy based business will probably help us but relying on import export trade will hurt us too.

Just hope it doesn't create a world wide depression like 1930's, because that can make war more likely.  

 

 

[RONNIE PHILLIPS]

58 minutes ago, Rudy’s Message said:

I love that. When my house gets repossessed and me and the wife are living under a bridge at least I can turn around and say I told you I was right.

You can be continually wrong on here & still tell everyone that you were right all along 😁

[gonzo]

We need to invade some fucker to take everyone’s mind off it. 

[Tonge moor green jacket]

Wheels will gradually start turning. We will come off this new way of life slowly for obvious reasons.

If a small tax rise happens for a short period, so be it.

Street parties aplenty too.

[Underpants]

In the history books will it be known as the Great Bog Roll Famine?

Edited April 6, 2020 by Underpants

[stevieb]

1 hour ago, gonzo said:

We need to invade some fucker to take everyone’s mind off it. 

Was saying this to the Mrs last night. Queen abdicates and Wills takes the crown. Late summer pomp and ceremony to get us all positive again. 

[Breightmet Boy]

When it’s over I’m hoping everyone can respect what we’ve got and some third generation unemployed decide to buck the trend and get some work, no matter what it is.  I’m also hoping all these fast food shit tips close because some people have learned to cook and actually enjoy it. 

[deane koontz]

On a positive note a number of people have learned to use their legs again.

[Farnywhite]

8 hours ago, ZicoKelly said:

put brexit on hold whilst we get our shit together

If that happens the conspiracy theories will go through the roof  .  EU plot to keep us in Europe especially with Boris contracting it 

[birch-chorley]

We are firmly into depression territory now surely

However I think it’s going to be boom time at the other side 

Nothing wrong structurally, the right measures have been taken by governments worldwide to freeze certain parts of the economy (without losing them  entirely) 

Be a lot of pent up spend from big Corporates to the everyday consumer. A feel good factor from seeing the virus off as well 

Be a huge amount of government debt, but I think they have learnt that cutting your way out of it may not be the best approach 

I expect a fair bit of tax increases though, across the board as well, everyone will pay a bit more, chip away at the debt over a longer period of time 

I look forward to it, it’s going to be much better than lockdown that’s for sure 

 

 

[leigh white]

3 hours ago, deane koontz said:

On a positive note a number of people have learned to use their legs again.

Done my back in today weeding the flags in the garden, wish i would've gone for a walk now.

[Ani]

There will be a period of good growth but we will not see stock market at pre virus levels for a number of years. 

[Wanderlust]

We're in a terrible, terrible situation, but it could get a lot worse if something much smarter isn't done to protect employment.

We'll probably lose a load of SMEs creating massive unemployment due to Sunak's loan scheme - as no small business in their right mind would want to take on further debt at a time when there is zero certainty about the future - and despite the Government borrowing at practically 0% interest, banks are still trying it on when small firms try to access the fund, so it's no surprise that the scheme is failing. Under Sunak's scheme, the Government are guaranteeing 80%  to the lender (the banks) not the borrower so the banks are charging.

Worse still, some larger companies are still paying out massive shareholder dividends and then turning to the taxpayer for handouts including direct support.

BBC reports:

P&O ferries has said it will need government support to ensure that vital ferry crossings, which despite collapsing numbers of leisure passengers have also preserved a vital link to the food and other essential items we import from the EU. P&O is owned by Dubai-based DP World, which is due to pay its shareholders a dividend of £270m in two weeks.

Easyjet paid a dividend of £174m two weeks ago and may now be seeking financial assistance from the government.

1) Surely the Government needs to get it's act together and exclude funding or direct loans for companies that are still paying out dividends to shareholders and then asking the taxpayer to pick up the bill?

2) If we are going to have a business base on which to build a recovery when the time comes, the Government needs to come up with much better ideas on how to manage the payroll crisis as massive unemployment will cost far more than action now.

3) Some sectors which depend on enough of the general public having high disposable income e.g. "lifestyle businesses" (and some football clubs?) will be decimated. Even folk who have a bit of dosh left will be reticent to spend it as they were doing, especially as the threat of the virus will keep on returning until a vaccine has been developed, tested and rolled out to the entire population.

I wish the outlook was brighter but I can't see this country ever being the same again either socially or economically at least not in what's left of my lifetime.

 

 

[Wanderlust]

Re above: over a million applications for Universal Credit in two weeks.

Straight to the fields to  pick the veg that the Romanian and Bulgarian workers would be picking to keep our supermarkets going? Or is it too early to discuss Brexit and the economy?

Seriously though isn't there a requirement to take available jobs if you want to claim benefits?

[snowball]

On 06/04/2020 at 15:21, RONNIE PHILLIPS said:

You can be continually wrong on here & still tell everyone that you were right all along 😁

Donald Trump would love WWays!

[Ani]

7 hours ago, Hoppy510 said:

Re above: over a million applications for Universal Credit in two weeks.

Straight to the fields to  pick the veg that the Romanian and Bulgarian workers would be picking to keep our supermarkets going? Or is it too early to discuss Brexit and the economy?

Seriously though isn't there a requirement to take available jobs if you want to claim benefits?

No there is nt. There was n’t before this started and there is n’t now. You have to prove you are actively searching suitable work but no obligation to become a fruit picker unless you were doing similar work recently. 

[Mounts Kipper]

The prognosis for football clubs is bad I can see fans turning away from the game in droves, folk found other more rewarding things to do, add to that the privileged life’s these footballers lead and the detachment from everyday life for normal joe public and I think football as we know it and in particular the British publics love affair with the game might change dramatically.

Edited April 9, 2020 by Mounts Kipper

[Rudy]

12 minutes ago, Mounts Kipper said:

The prognosis for football clubs is bad I can see fans turning away from the game in droves, folk found other more rewarding things to do, add to that the privileged life’s these footballers lead and the detachment from everyday life for normal joe public and I think football as we know it and in particular the British publics love affair with the game might change dramatically.

I think people are just filling the gap. I think when it returns it’ll be bigger than ever. Like the start of a new season.

Saying that I can’t say I’ve missed watching it as much as I thought I would, I do miss work though.