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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To ask how this will all be paid for?

120 replies

Charlieandthechocolatecake · 01/04/2020 23:00

The furloughed and self employed will get 80% pay, which is excellent given the alternative.

I'm a keyworker. Working overtime on taxpayers money. Half of my colleagues are self isolating on full pay for a minimum of 12 weeks due to health conditions. I hope the NHS are doing the same.

Where is this money coming from? How will we end up paying it back?

OP posts:
TrainspottingWelsh · 01/04/2020 23:29

Increased taxes, drastic cuts to services. My generation won't have a state pension that anyone can even feed themselves on, let alone house themselves on. Our children will have even less chance of securing an affordable home or secure employment and those that don't retire with a private pension and a mortgage free home will be destitute. The disabled will be fucked.

The one thing that won't happen is anything that remotely harms the very wealthiest or risks the grey vote. And I'd be willing to bet a significant sum that when it comes to funding, we'll at least continue, if not expand, the long standing tradition of prioritising London over the rest of the Uk.

We'll also pay through cuts to the NHS imo. At the moment everything is geared to simply saving the greatest number of lives, and due to the fact we'll be in a major world recession I can see that basic principle becoming the only aim going forward.

LooQoo · 01/04/2020 23:30

@JustMySize

How though? They’ve been militarising for years. Who is going to risk a war with them?

LexMitior · 01/04/2020 23:30

It’s the self employed and higher earners who will take the brunt. Higher tax on assets; of course your average Conservative voter will be appalled.

Whatever you think of Boris Johnson he is going to right in the frame to ensure Brexit and this epidemic doesn’t put this country into a depression. That means borrowing and much more tax. Jeremy Corbyn is either laughing or jealous as we head back to the 1970s.

Original poster
Charlieandthechocolatecake · 01/04/2020 23:30

@JustMySize I 100% agree. However, China are a law unto their own. I can't imagine how we can make them pay unless we put money into our own home based industries.

OP posts:
mochajoes · 01/04/2020 23:36

The government need to target the wealthy too. Im gobsmacked that football clubs think it's ok to furlough ground/support staff & claim money from the gov whilst paying players & managers millions. Are they not a tiny bit embarrassed?!

TrainspottingWelsh · 01/04/2020 23:39

Loo Trump probably would. Not only because he is a mad orange cunt with a likelihood of garnering support as he did for his wall. But the USA didn't even have the same safety nets we did to start with, he's going to need a diversion. 'Hey, give up your jobs, homes and medical insurance, here's $1000 and China will pay the rest'.

Sushiroller · 01/04/2020 23:43

The government need to target the wealthy too. Im gobsmacked that football clubs think it's ok to furlough ground/support staff & claim money from the gov whilst paying players & managers millions. Are they not a tiny bit embarrassed?!

Agreed.
Newcastle United should be ashamed. I don't know how they are sleeping at night.

Amotherof6 · 01/04/2020 23:52

We will pay for it...

Richard Branson was demanding money... didn't want to use his own

Premiership clubs have furloughed groundstaff whilst continuing to pay their players £100,000's a week..

Taxpayers will pay for it.... for many years to come. Hopefully businesses will be set up when this is over and grow and pay tax... we will all pay for it

Wehttam · 01/04/2020 23:54

It’s called cooking the books. Or in this case, wiping the slates clean. The alternative is a total break down of society and an apocalyptic scenario we can not afford to live in. Our lives would be screwed beyond absolute belief.

Amotherof6 · 01/04/2020 23:55

I agree with the poster further up...
Premiership clubs... getting the government to pay their staff when they pay millions in salaries to players …. they 'could' easily pay their own staff.... the players 'could' take a pay cut... the greed
Billionaires that furlough staff when they take millions in pay/profits

Isn't it time the masses stood up and expressed what they think of the greed and lack of morals shown by many rich/superrich?

BeetrootRocks · 01/04/2020 23:55

No idea.
The global economy will be fucked, all the usual mechanisms are not going to work.
We'll have to wait and see.
Suspect it won't be fun.

JustMySize · 01/04/2020 23:55

@Merryoldgoat

www.mdpi.com/1999-4915/11/3/210/htm

@LooQoo
Prob Trump

@Charlieandthechocolatecake
I know, we rely way too much on their goods as we have no industries to speak of thanks to Mrs Thatcher.

Hingeandbracket · 01/04/2020 23:57

A Tory government will tend towards cutting taxes, not increasing them

They will be the first Tory government to cut taxes (overall) if they do that. Most have just shifted the burden to poorer people.

BeetrootRocks · 01/04/2020 23:57

Thing is it's not just us, production of stuff- materials, food etc around the world is interrupted.
I don't see that the current market based globalised system can continue. But there's no alternative in place.

BeetrootRocks · 01/04/2020 23:58

You can't increase taxes if so many people have no jobs.

This is unprecedented.

Wehttam · 01/04/2020 23:58

Once people realise this is going to drag on for months then some serious questions will be asked of those who are taking millions in profits, salaries etc. This will be a global reset, for Better or worse. What we have seen so far is just the beginning. Wait until we are in June July with no end in sight. God help us all.

Hingeandbracket · 02/04/2020 00:01

Isn't it time the masses stood up and expressed what they think of the greed and lack of morals shown by many rich/superrich?
Sadly unlikely I think.

Once it's all over people will be back giving stacks to "their" football teams, all forgotten. They are happy to cheer on rapists, drink drivers and wife-beaters every Saturday so they will forget about the money too.

LooQoo · 02/04/2020 00:06

@BeetrootRocks

They can increase VAT, not sure if that will get people spending again though. Maybe increase the “sin” taxes on cigarettes and alcohol.

I’ve wondered if they are looking to other countries for ideas. Australia has a luxury car tax and I’ve wondered if we could use this but extend it to other luxury items, such 4 figure handbags.

MayTheGodsBeEverInYourFavour · 02/04/2020 00:08

We need to bring industry & farming (including the very menial jobs) back into the UK workforce. If people need jobs, & we have virtually no industry left because we outsource it all, it's surely a no-brainer.

cinammonbuns · 02/04/2020 00:10

@JustMySize hilarious

Hingeandbracket · 02/04/2020 00:12

They can increase VAT, not sure if that will get people spending again though. Maybe increase the “sin” taxes on cigarettes and alcohol
That won't encourage spending - poor people (including those with no job) can't generally spend what they don't have so making everything more expensive with VAT will just make things worse.

Silvergreen · 02/04/2020 00:18

Tax rises this time. Hefty ones.

BeetrootRocks · 02/04/2020 00:33

But if loads of people have no jobs and global economy is fucked, taxes have no meaning.

nellythenarwhal · 02/04/2020 00:49

I was reading today that Ronaldo and several Juventus players agreed not to be paid for 4 months so that staff would be paid their normal wages. Obviously 4 months wages is peanuts when you're as wealthy as Ronaldo but I'm surprised that premiership footballers didn't agree to do something similar.

Iwannabeadored20 · 02/04/2020 02:31

@Moanranger Who does the government borrow the money from?

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