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Do you think the Furlough Scheme needs to be extended for another year

(33 Posts)
RUNFAST11 Sun 01-Nov-20 12:26:06

At least?

France did it till end of 2021 Germany has till 2022.

With COVID not being eliminated any time soon more deaths and lockdowns will happen in 2021 and perhaps beyond. Therefore, a furlough scheme becomes necessary as many businesses will be affected.

Do you think unemployment will reach double figures before 2021?

OP’s posts: |
ILoveMyMonkey Sun 01-Nov-20 12:28:22

And how will they pay for it?

WitchesSpelleas Sun 01-Nov-20 12:28:48

It would be nice but I'm not sure it would make much difference. My husband was furloughed for a period, but in the end the business had to close, so he was made redundant. The problem is that covering staff wages is only part of the battle - a business has all its other costs to pay - and if there's zero revenue coming it, it will reach a point where it's no longer viable to remain open.

frozendaisy Sun 01-Nov-20 12:29:01

If they want people to stay at home they need furlough.

Lavenderseas Sun 01-Nov-20 12:29:08

How on earth will we afford it shockshock??

Lavenderseas Sun 01-Nov-20 12:29:50

And no, Germany has not been paying up to 80% of employees wages!

NiceViper Sun 01-Nov-20 12:30:20

I think it should be extended for the ECV, but I don't think it will be affordable in numbers beyond that

Sonnenscheins Sun 01-Nov-20 12:31:47

Government Debt is already BIGGER than GDP this year, much higher than Germany's.

Do you want our children to pay 70% taxes to pay back all these debts?

Beamur Sun 01-Nov-20 12:32:54

I think a universal benefit is more likely. It will be much less than furlough payments though.
People are going to be hard up. Govt will find a way to push that cost elsewhere - like banning evictions.

Sunflowers246 Sun 01-Nov-20 12:36:32

Unfortunately we don't have a magic money tree..!

As a country we simply cannot afford it, unfortunately. Have a look at Government borrowing, and that's with current low interest rates. If they rise, we'll be in even more trouble.

Yes, our poor children will have a lot of debt to repay.

CoronaIsWatching Sun 01-Nov-20 12:38:35

Sunflowers246

Unfortunately we don't have a magic money tree..!

As a country we simply cannot afford it, unfortunately. Have a look at Government borrowing, and that's with current low interest rates. If they rise, we'll be in even more trouble.

Yes, our poor children will have a lot of debt to repay.

Presumably the Gov't can just print more money if they need it

Babyroobs Sun 01-Nov-20 12:40:34

If the government are paying people 80% of their wages to keep the jobs open then these furloughed people need to help with the covid effort !

Witchend Sun 01-Nov-20 12:41:05

Another year would be silly currently. And I'm one who may retain their job if furlough is extended (hospitality business) and lose it if it finishes.

I think looking at it for more than a month ahead makes sense, as it enables businesses to plan, but not too far ahead. I'd have liked to see it to start of January, and I think it will be needed until April time at least, but I'm hoping it won't be needed for the majority beyond that.

ILoveMyMonkey Sun 01-Nov-20 12:41:56

Presumably the Gov't can just print more money if they need it
🤣🤣🤣🤣🤣
That's not how it works 🙄

Waxonwaxoff0 Sun 01-Nov-20 12:42:00

I'd rather my child have to pay more taxes in the future so that children today aren't going hungry because of all the parents losing their jobs.

nancy75 Sun 01-Nov-20 12:48:01

In 2008 we spent 136 billion bailing out the banks - furlough has cost around 40 billion. If we could afford it then we can afford it now. Rather than complaining about the cost of furlough people should be looking at the money wasted & syphoned off by this crooked government

WitchesSpelleas Sun 01-Nov-20 13:16:04

In 2008 we spent 136 billion bailing out the banks - furlough has cost around 40 billion

There was a clear plan for the banks to repay that, though - which many of them now have. There's no such plan in place for furlough.

KitKatastrophe Sun 01-Nov-20 13:20:55

Presumably the Gov't can just print more money if they need it
Is this a serious comment???

Look up hyperinflation in Weimar Germany and see how well that works.

AllPowerfulLizardPerson Sun 01-Nov-20 13:24:54

I think they call it quantitative easing these days.

Not to be done lightly, and not to be done sparingly.

I think furlough (or enhanced SSP/ESA) should be made available to the ECV, as the Government is advising them not to go to work (if they cannot WFH) even when their workplace is open. I don't see how it can go beyond that.

Sonnenscheins Sun 01-Nov-20 13:29:13

*Presumably the Gov't can just print more money if they need it*

gringringringringringringringringringringringringringrin

nancy75 Sun 01-Nov-20 13:30:56

If we don’t have furlough what is the other option for people who can’t go to work because their workplace is closed? Mass unemployment? Millions on universal credit won’t be any cheaper than furlough, but it will stop business like pubs being able to reopen quickly when measures are lifted, meaning the gov pays out for a longer period.

PineappleUpsideDownCake Sun 01-Nov-20 13:32:12

We're coming towards the end of the self employment help too.

My partner works as a contractor so we are stuffed. No point retraining as the work will be there after covid. UC isn't a lot when your budget is based on a larger salary.

We're stuffed.

Sonnenscheins Sun 01-Nov-20 13:39:56

If we don’t have furlough what is the other option for people who can’t go to work because their workplace is closed? Mass unemployment?

Yes, sadly it is mass unemployment. And rising debts.

That's the problem with lockdowns and why many are against them.

Sonnenscheins Sun 01-Nov-20 13:40:53

And if schools also closed, the problems would be EVEN bigger unfortunately.

Smileyoriley Sun 01-Nov-20 14:25:03

Babyroobs

If the government are paying people 80% of their wages to keep the jobs open then these furloughed people need to help with the covid effort !
Doing what exactly? Fast tracked into respiratory nursing?

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