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Gov to fund furlough scheme at 80% until October!

(202 Posts)
caperberries Tue 12-May-20 13:26:23

Aibu to consider this unsustainable? What is the reasoning behind this?

OP’s posts: |
Gatehouse77 Tue 12-May-20 13:29:11

I've read at 60%...?

Nix2020 Tue 12-May-20 13:29:36

It's a safety net for some industries. I work in the airline industry chances of myself returning to work soon aren't very strong. However I do see myself returning to work at some point before end of October.

stickman12 Tue 12-May-20 13:29:50

They'll pay 60% and are expecting the employer to fund the rest

OnlyFoolsnMothers Tue 12-May-20 13:30:47

The reasoning behind certain industries won’t be up and running by then- good on the government, and they haven’t slashed the amount.

caperberries Tue 12-May-20 13:31:01

www.google.co.uk/amp/s/www.telegraph.co.uk/money/consumer-affairs/furlough-scheme-end-claim-pay-uk/amp/

OP’s posts: |
gamerchick Tue 12-May-20 13:32:12

If this is unacceptable to you then what is your suggested alternative?

Imfinallyhappy1 Tue 12-May-20 13:34:45

I've seen a it 80% not 60% and then employer makes up the rest.

crankysaurus Tue 12-May-20 13:35:42

It's including working part time, I'll be curious to see the suggestions for that as that could suit some of my colleagues.

JamieLeeCurtains Tue 12-May-20 13:37:53

The detail of how employers will be required to contribute a share of this from 1st August to October hasn't been released yet.

I suspect many employers will not be able to afford it and there will be mass redundancies.

In fact some employers are probably going to be sending out notices quite soon, if they have to give 2-3 months' notice.

Grim.

Puppywithattitude Tue 12-May-20 13:40:34

How will it work if you work part time anyway, especially in the hospitality industry?

OneandTwenty Tue 12-May-20 13:44:42

If this is unacceptable to you then what is your suggested alternative?

that is not the question

the problem is WHERE will the money come from?
We are in a country whose financial situation was so bad the NHS, education and pretty much everything was severely under-funded. Because there simply wasn't anything to fund them with.

How do you offer to finance everything now?

OnlyFoolsnMothers Tue 12-May-20 13:46:42

The money comes from shit loads of borrowing that will take years and years and years to pay back.
I agree I’d rather people get back to work but look at the uproar even at the thought of some school teachers going back- we can’t have it both ways no work and no borrowing

OnlyFoolsnMothers Tue 12-May-20 13:47:12

I mean decades and decades and decades to pay back

Ylvamoon Tue 12-May-20 13:50:53

I think it's designed for travel, hospitality and entertainment industries... quite right so! The alternative is UC for those people and no jobs.

BloodyBloodyBloodyHell Tue 12-May-20 13:53:21

No one ever wants to discuss what their alternative suggestions would be though funnily.

OneandTwenty Tue 12-May-20 13:53:52

the issue is not about teachers - who are currently working anyway!, it's about the well being of the children.

plainsailing01 Tue 12-May-20 13:54:14

This is just hilarious! Corbyn must be absolutely loving this grin. He may have lost the battle but his ideologies have won the war. It's amazing how the very same people who laughed at the thought of a socialist state is now cheering this government on!

Rishi Sunak is doing his best Oprah imitation: "You get free money, she gets free money... EVERYBODY GETS FREE MOOONNNEEEYYYY!!!!"

But.... who is going to pay for this? Let's not bother with such stupid questions now. Let's only think in slogans...

"There is no alternative". "Stay alert" "Strong and stable". "Brexit means brexit" .....

DollyDoneMore Tue 12-May-20 13:58:49

We face the most serious crisis since WW2.

We didn’t stop half way into WW2 and say “Fuck it. Stopping now. We’re broke.” (And we were broke.)

We need to do what we need to do. The world - and the country - is not short of money or resources. We will ‘pay it back’ over decades and we are free to shape our economy how we choose.

Drpeppered Tue 12-May-20 13:59:42

Genuinely what do people suggest those who are physically unable to work because their jobs are in bars cafes and restaurants, do? Should they just be impoverished? Show we reintroduce work houses?

Justanotherlurker Tue 12-May-20 13:59:55

He may have lost the battle but his ideologies have won the war. It's amazing how the very same people who laughed at the thought of a socialist state is now cheering this government on!

The we "won the argument" shows how little understanding you actually have of the argument.

There is a difference between using Keynsian style economics when needed and spaffing money up the wall to provide free broadband for all.

eternalopt Tue 12-May-20 14:02:49

Although corbyn's argument that broadband is a essential utility and should be treated as such is never truer as no one can work from home without it

Cam77 Tue 12-May-20 14:04:46

"There is a difference between using Keynsian style economics when needed and spaffing money up the wall to provide free broadband for all".

I guess the crux of the issue is "when needed". Many would consider things like Sure Start or public libraries sound investments that make for a healthier and happier society and probably actually saved money longterm. Austerity was the worst kind of short-termism. Even from a purely economic mid-long term standpoint it made absolutely zero sense. Cutting society insitutions to the bone does not help create wealth.

millymollymoomoo Tue 12-May-20 14:05:04

Govt will start reducing its contribution from July and expect business to pick up the shortfall to 80%
I think the scheme should only be extended for those industries not permitted to open and fir the rest the expectation should be a return to work

RandomLondoner Tue 12-May-20 14:05:20

he problem is WHERE will the money come from?

Technically, there can only be a shortage of money if the government runs out of paper to print it on. Government spending doesn't have to come from anywhere, more spefically, they can in theory spend without raising money from taxes or loans.

To prevent inflation it's a good idea for them to be put up some sort of show of raising enough money from taxation and borrowing to cover spending though. For a rare expense like this, additional borrowing by issuing 30-year debt seems like a reasonable option. If they fail to put on a good show, people will become increasing reluctant to accept pounds as a form of payment, and eventually printing money will stop working.

(Yes I know most money is electronic these days. Paper money is just a metaphor, in this context.)

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