Coronavirus Thread (Off Topic, Politics) (166 Viewers)

fernandopartridge · Jul 8, 2020

David O'Day said:
So the new deal style recovery plan seems to be

0.2% GDP capital spending
A rehashed future jobs fund
Gordon Browns 2008 home improvements plan
A possible £500 gimmick

It's just another round of corporate welfare

shmmeee · Jul 8, 2020

fernandopartridge said:
It's just another round of corporate welfare

I am shocked that a party ideologically convinced that the state can’t have positive impacts on the economy is failing to use the state effectively to positively impact the economy.

David O'Day · Jul 8, 2020

I like the angry Starmer

Absolutely tore Johnson apart

SkyBlueDom26 · Jul 8, 2020

Government doing loads again for jobs and the economy, will wait for the usual suspects on here to complain about it

shmmeee · Jul 8, 2020

SkyBlueDom26 said:
Government doing loads again for jobs and the economy, will wait for the usual suspects on here to complain about it

What are they doing exactly? All I’ve seen is 0.2% capital spending (ten times less than similar countries), maybe a £500 voucher (decent idea), and a u-turn on the cancellation of Gordon Browns home improvement program.

Liquid Gold · Jul 8, 2020

They're making private enterprise reliant on the state.

clint van damme · Jul 8, 2020

SkyBlueDom26 said:
Government doing loads again for jobs and the economy, will wait for the usual suspects on here to complain about it

Still won't admit to their care home fuck up though. Absolutely scandalous.
But as you've proven time and again, you're more bothered about the economy than peoples lives.

King of the Lesbians · Jul 8, 2020

shmmeee said:
Evidence I’ve seen says masks work, Asian countries swear by them after experience with pandemics. Can’t see why they wouldn’t work.

I've seen a fair few bands/shows launching their own face masks with their own branding on.
A lot of them seem to come with the following disclaimer...

"Masks are not medical grade and are not intended to prevent COVID-19 or any other disease. Please follow CDC guidelines to help protect yourself and others from contracting and spreading COVID-19."

...so the masks have to be the right masks obviously.

David O'Day · Jul 8, 2020

shmmeee said:
What are they doing exactly? All I’ve seen is 0.2% capital spending (ten times less than similar countries), maybe a £500 voucher (decent idea), and a u-turn on the cancellation of Gordon Browns home improvement program.

Exactly they are farting around the edges and not doing enough.

Dom is thick as pigshit though so I wouldn't take anything he says as serious.

SkyBlueDom26 · Jul 8, 2020

David O'Day said:
l
Dom is thick as pigshit though so I wouldn't take anything he says as serious.

Only one that’s as thick as pigshit is yourself, daft bastard

David O'Day · Jul 8, 2020

VAT cuts don't really work either and there's an unneeded stamp duty cut.

Nothing will really create or save jobs in there.

Basically they have kicked the can down the road

Liquid Gold · Jul 8, 2020

SkyBlueDom26 said:
Government doing loads again for jobs and the economy, will wait for the usual suspects on here to complain about it

Did you ever think that your unwavering support of the tories would turn you into a socialist?

clint van damme · Jul 8, 2020

David O'Day said:
VAT cuts don't really work either and there's an unneeded stamp duty cut.

Nothing will really create or save jobs in there.

Basically they have kicked the can down the road

the last VAT cut was a waste of time.
The QE they introduced in America, insulating and upgrading public buildings that sort of thing, was a far better idea in my opinion and will have benefits for years to come.
Johnsons hinted a something similar here but he hints at a lot of things the blustering fuck wit.

SkyBlueDom26 · Jul 8, 2020

Liquid Gold said:
Did you ever think that your unwavering support of the tories would turn you into a socialist?

Haha good one ladddd

SkyBlueDom26 · Jul 8, 2020

clint van damme said:
the last VAT cut was a waste of time.
The QE they introduced in America, insulating and upgrading public buildings that sort of thing, was a far better idea in my opinion and will have benefits for years to come.
Johnsons hinted a something similar here but he hints at a lot of things the blustering fuck wit.

Fuck all about all the measures announced today though ennit, just moaning

Ring Of Steel · Jul 8, 2020

SkyBlueDom26 said:
Fuck all about all the measures announced today though ennit, just moaning

How about this measure

David O'Day · Jul 8, 2020

SkyBlueDom26 said:
Only one that’s as thick as pigshit is yourself, daft bastard

Explain to me who 0.2% GDP spending will make any difference?

How does cutting the price of drinks via VAT going to help even if it is passed on to people when people are reluctant to go to pubs etc when they see them as not being safe?

How does paying a small part of people who were formerly furloughed when the employers can't afford to pay them anyway?

How does a watered down version of the future job scheme help? All it will be is cheap/free labour for large companies and the young person back on the dole when the placement ends?

How is doing a fraction of what other countries are doing going to help?

All this means is we will be in a worse place come the autumn statement.

It's not new, it's not bold and it's not enough

David O'Day · Jul 8, 2020

SkyBlueDom26 said:
Fuck all about all the measures announced today though ennit, just moaning

You don't know what measures were announced today do you? Clint clearly mentioned at least 1 measure announced today.

SBAndy · Jul 8, 2020

Pretty underwhelming announcement all things considered.

The VAT cut is a marginal help, essentially a 12.5% price cut for hospitality and leisure. Is that going to spur people on to go away/go out? Who knows. Nice offer but is it significant enough?

Bonus for employers bringing their staff back from furlough. Really don’t understand this and it’s a ‘further down the line’ measure. Is the incentive of a bonus in 6 months’ time sufficient to guard against potential cash flow issues in the interim?

Stamp duty exemption is somewhat unnecessary. The property market is as liquid as it has been in the last 5 years.

Offering 50% off meals out (up to £10) Monday - Wednesday is a positive as these are the times hospitality is most likely to struggle. See how that goes.

Some marginal demand-side stimulus there but for all the reports I was expecting far more.

fernandopartridge · Jul 8, 2020

It's not very imaginative but Labour's response is worse, Annelise Dodds asking "how it would be paid for", now, she might be trying to highlight the hypocrisy of the party that coined the 'magic money tree' term, but wouldn't it be better to make a statement more akin to 'Now the chancellor appears to recognise that there are not actually any constraints on the sovereign currency issuer's ability to spend, will he consider redressing the balance of decades of disinvestment in the following...'

clint van damme · Jul 8, 2020

SkyBlueDom26 said:
Fuck all about all the measures announced today though ennit, just moaning

no, I've got a relative in a care home where they have Covid and the staff are working like fuck to protect themselves and everyone in there and it's fucking disgusting that they've been thrown under the bus. Just moaning though yeah?

Mr Panda · Jul 8, 2020

David O'Day · Jul 8, 2020

fernandopartridge said:
It's not very imaginative but Labour's response is worse, Annelise Dodds asking "how it would be paid for", now, she might be trying to highlight the hypocrisy of the party that coined the 'magic money tree' term, but wouldn't it be better to make a statement more akin to 'Now the chancellor appears to recognise that there are not actually any constraints on the sovereign currency issuer's ability to spend, will he consider redressing the balance of decades of disinvestment in the following...'

I thought she did a good job on pointing out that this is not going to help and all the big decisions will need to be made in the autumn statement

David O'Day · Jul 8, 2020

David O'Day · Jul 8, 2020

David O'Day · Jul 8, 2020

This is something that has confused me as well

If you can't afford to keep your staff on you aren't going to keep them on for months paying them to get a grand back in January.

You are are going to give a nice little bonus to the larger companies that can afford to keep their staff on anyway.

Ian1779 · Jul 8, 2020

Sunak hadn’t even finished the sentence about stamp duty and the wife wants to move again.

Is this a good time to sell and upsize or would holding off be better.... any advice would be welcome which I can then pretend were all my own thoughts!

jimmyhillsfanclub · Jul 8, 2020

Ian1779 said:
Sunak hadn’t even finished the sentence about stamp duty and the wife wants to move again.

Is this a good time to sell and upsize or would holding off be better.... any advice would be welcome which I can then pretend were all my own thoughts!

Personally, I think you'll be catching a falling knife buying in the next 12 months or so.....

Deleted member 5849 · Jul 8, 2020

Ian1779 said:
Is this a good time to sell and upsize or would holding off be better.... any advice would be welcome which I can then pretend were all my own thoughts!

I have no idea, and wish I did! Before all this kicked off, the plan was to move closer to mrs. Wisdom's work and, with all that's going on, in many ways that's more imperative now (who wants to go on a lengthy train journey now!). But who knows what's around the corner..

Ring Of Steel · Jul 8, 2020

Deleted member 5849 said:
I have no idea, and wish I did! Before all this kicked off, the plan was to move closer to mrs. Wisdom's work and, with all that's going on, in many ways that's more imperative now (who wants to go on a lengthy train journey now!). But who knows what's around the corner..

I would very tentatively suggest that now would be a lot better than 12 months from now

shmmeee · Jul 8, 2020

Ian1779 said:
Sunak hadn’t even finished the sentence about stamp duty and the wife wants to move again.

Is this a good time to sell and upsize or would holding off be better.... any advice would be welcome which I can then pretend were all my own thoughts!

Market is funny right now. Talking to my mortgage broker the other week and they were saying the lenders expect a crash and are tightening up lending guidelines expecting more equity to cover this crash. Doesn’t help you as you’re buying and selling in the same market not looking to invest (or like me squeaking onto the ladder with just enough for a 10% deposit).

There’s clearly a bit of pent up demand right now and I’ve had several offers of asking price rejected whereas a month ago the U.K. average sale was 97% of asking. I suspect people are both sick of their house and many now need WFH space. Which might inflate certain segments of the market.

When I asked my property investor boss about this his advice was “never worry about the market if you’re buying to live in it”.

chiefdave · Jul 8, 2020

Ian1779 said:
Sunak hadn’t even finished the sentence about stamp duty and the wife wants to move again.

That was a bit annoying as someone who moved right before the pandemic and then saw house prices immediately drop.

chiefdave · Jul 8, 2020

SBAndy said:
The VAT cut is a marginal help, essentially a 12.5% price cut for hospitality and leisure. Is that going to spur people on to go away/go out? Who knows. Nice offer but is it significant enough?

How many places won't pass the cut on to the consumer but will use the higher rate coming back in as an excuse to hike prices up?

wingy · Jul 8, 2020

Don't initiatives like this just become absorbed into the pricing?

David O'Day · Jul 8, 2020

chiefdave said:
How many places won't pass the cut on to the consumer but will use the higher rate coming back in as an excuse to hike prices up?

It appears it may only be on food so any pubs that's biggest markets are drink will not benefit, so that's saturday night bars and old man pubs.

Coronavirus Thread (Off Topic, Politics) (166 Viewers)

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