skybluetony176
Well-Known Member
Either that or the infection and death rates will start rising again.
Either that or the infection and death rates will start rising again.It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever
Seen somewhere that 1 in 3 companies might not reopen
Most of that will be owed to the bank of england who are owned by the uk government.
You can slowly pay it off as per the slavery reparations which we have only just paid off.
Also if you actually stimulate the economy you increase the tax rate more.
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Which is why we have to find the right balance as being locked down forever will be much worse in the months to comeEither that or the infection and death rates will start rising again.
If the tax rate keeps public spending up, that works anyway.I agree, but the tax rate was too low anyway
Yes we do seem to want Scandinavian services on us levels of taxI agree, but the tax rate was too low anyway
Which is why we have to find the right balance as being locked down forever will be much worse in the months to come
Yes we do seem to want Scandinavian services on us levels of tax
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I think we are failing on the antibody tests, they are vitally important and are nowhere to be seen.... however it’s proving difficult for any country to get reliable onesIt is, but it has been made worse because of how badly the government has managed the outbreak. We are still failing on getting anywhere near enough tests done for a start
I think we are failing on the antibody tests, they are vitally important and are nowhere to be seen.... however it’s proving difficult for any country to get reliable ones
We're failing at testing full stopI think we are failing on the antibody tests, they are vitally important and are nowhere to be seen.... however it’s proving difficult for any country to get reliable ones
Not much. But kicking the public sector for another few years after it, particularly health and education, have had to work overtime in this timeframe, would be quite unfortunate.
Millennials left school during the 2008 recession, Gen Z will do it during a Covid recession. Both will be told they are entitled for complaining about the consequences of that
We should have shut our borders completely and should have enough PPE, there the things that definitely aren’t good enoughWould you agree we have generally done a poor job in managing the outbreak?
You can slowly pay it off as per the slavery reparations which we have only just paid off.
Yep morally bankrupt but the loans were only finally repaid recentlyWhich went to slave owners no less and not the actual people affected. Some of which I paid for with my own taxes. Beautiful stuff.
Well the bill is hundreds of billions which needs to be covered somehow. The question is who do you ask to pay more towards it
Yep morally bankrupt but the loans were only finally repaid recently
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Generally people are. If you target a tax and say for example "we are going to increase ni by x amount but all extra money raised will be spent on the nhs and adult social care" the public is supportive of this.I was up for paying more tax if it goes to the right places before this and I will be after.
Yep the multipliers show that the jrs money is a form of stimulus as well.It really doesn't - the way the 'cost' of the JRS has been described is utterly misleading. It is spending money directly in to the economy and a lot of it will come back to the treasury in any case (people pay income tax on the 80% subject to thresholds for a start). I think it's reasonable to live with it, this is an unprecedented crisis akin to a war type impact on the economy. We need solutions similar to the postwar consensus to stimulate the economy, not the tired austerity orthodoxy of post financial crisis.
It's quantitative easing at a consumer level where it really ought to have been after the financial crisis, it's funny but I don't hear anybody crowing over the QE to banks which has so far cost £645bn to very little economic benefit to the majority (look at the stagnation of wages across the public and private sector) . The headline (misleading as described above) figures for the JRS are chicken feed in comparison.
Not that it really matters but millennials were born between 1981 and 1996 and I left school in 2000.
I didn't think I was a millennial? More gen yThought the early 80s was more Gen X? No worries
I didn't think I was a millennial? More gen y
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Yep morally bankrupt but the loans were only finally repaid recently
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Pass me the avocado toast thenYou are. Lap it up.
It really doesn't - the way the 'cost' of the JRS has been described is utterly misleading. It is spending money directly in to the economy and a lot of it will come back to the treasury in any case (people pay income tax on the 80% subject to thresholds for a start). I think it's reasonable to live with it, this is an unprecedented crisis akin to a war type impact on the economy. We need solutions similar to the postwar consensus to stimulate the economy, not the tired austerity orthodoxy of post financial crisis.
It's quantitative easing at a consumer level where it really ought to have been after the financial crisis, it's funny but I don't hear anybody crowing over the QE to banks which has so far cost £645bn to very little economic benefit to the majority (look at the stagnation of wages across the public and private sector) . The headline (misleading as described above) figures for the JRS are chicken feed in comparison.
What's wrong with them raising tax to pay for it?
Pass me the avocado toast then
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Pass me the avocado toast then
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If the tax rate keeps public spending up, that works anyway.
Nearest waitrose is in Kenilworth and everytime us cov folk go to Kenilworth the towns folk bring out the pitchforksWaitrose Heston brand for me
Thought the early 80s was more Gen X? No worries
Nearest waitrose is in Kenilworth and everytime us cov folk go to Kenilworth the towns folk bring out the pitchforks
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Im 81 and was originally Gen X, as Millenial originally meant “not 18 at the turn of the millennium”, then they changed it to 1980. I still class myself as Gen X cos it sounds cooler
They couldn’t find the right balance for the “lockdown” as over 40,000 deaths prove. What gives you the confidence that they’ll get the next phase right? Especially given that they’ve already failed by jumping the gun and starting relaxing the lockdown much earlier in the curve than countries with better figures than us.Which is why we have to find the right balance as being locked down forever will be much worse in the months to come
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