Rishi Sunak no more bailouts

[Elpresidente29]

He said government cannot go on like this...

What industry sector is bouyant right now or expects to be in the foreseeable future?

There’s an obvious and very macabre answer to that question.

Government can't afford to pay employees 80% long term

And people can't afford to not work long term either so something has to give to allow them to get back to doing so.

Keeping lockdown as it is but getting rid of furlough is not the answer.

What industry sector is bouyant right now or expects to be in the foreseeable future?

Anything to do with online services.

Anything to do with data and insights.

Anything to do with diy/prepping/gardening/home.

Pretty much any industry related to IT or logistics.

Not to mention it is all nice and well saying businesses should open by June. But will everyone work full time straight away? Of course not demand is lower for many. So most will be on part time hours to begin with for months. That means another 50-60 percent is still needed by the government to pay their full salaries. Furlough OR wage subsidy has to continue for longer that is the truth.

Furlough has to go on or all the young people not particularly at risk will understandably start going out to find work

They're not going to sit at home hungry for the 'good of society'.

Plenty of business shut down that had orders.

For example I was going to order some blinds. They shut down the morning after the announcement. They had orders. They did not even attempt to work with a skeleton staff. Extend delivery. They just shut down.

I also was due to have some wardrobes fitted. I get it’s in home, but could have been done in some instances safely Ie empty properties. Like a friend of mines. The morning after the announcement they shut their factory, their offices everything,

They have both remained closed for the last two months. There are plenty of places like this. They both claimed furlough for that period. They could have operated.

Plenty of on line retailers stopped immediately. Not we will lengthen delivery, we will work with safe levels of staff in the warehouse or office etc. They just shut down and furloughed. Have a look at amazon to see how many just stopped.

We have several local garden centres. Only one is delivering. The rest have shut down totally. They could be taking phone orders and delivering safely. One of them even did deliveries before hand. They actually stopped doing deliveries.. Claimed furlough.

That’s why half the country is now being paid by the government. Not because demand stopped for everything, there is undoubtably huge pent up demand now. But because many of them just shut their doors, fucked off home and claimed furlough.

They're not going to sit at home hungry for the 'good of society

What? No one has to stay home and be hungry. Either go and work or if you have no work claim benefits.

Anything to do with data and insights.

Lol, this is my industry and it couldn’t be further from the truth.

Really Laurie? It is mine too. I am rushed off my feet.

I think the super rich are going to have to trickle back down some of their money to keep the world economy going.

Not to mention it is all nice and well saying businesses should open by June. But will everyone work full time straight away? Of course not demand is lower for many. So most will be on part time hours to begin with for months. That means another 50-60 percent is still needed by the government to pay their full salaries. Furlough OR wage subsidy has to continue for longer that is the truth.

I think people who end up PT will have to claim a UC top up rather than furlough. That will take anyone with savings or a full earning partner out of the bill. Banks will likely also be pressured into much longer mortgage holidays.

Yes and everyone can just default on their mortgages, lose their homes and everything else, who cares.

You used to have the interest paid on your mortgage but then everyone said 'how dare they own a house while claiming benefits' so the welfare bill made sure to get rid of it to stop those nasty feckless people getting something that would give them peace of mind

I am rushed off my feet.

Well I’d love to know what you’re doing but we have ...

Face to face quantitative wiped out

Qualitative very under powered despite digital methodologies

Client workshop/planning sessions cancelled (tried this via Zoom, was dreadful)

Many commercial clients are fucked so research budgets have disappeared (automotive, airlines, tourism, entertainment, retail)

Then there’s the ‘is it relevant/moral to collect insights at the minute’ crowd, even if they have the money and the need.

We’re screwed for the foreseeable

Have you ever seen a government dept go out to tender, months and months of endless meetings and they would far rather stay with the incumbent.I spent years dealing with hopeless groups of people who couldnt make a decision to save their lives. One particular central government department claimed they couldnt sign anything new because they were in dispute with their central body who were wanting them to do something else. I stressed time and time again standard pricing would apply if they didnt make a firm decision. This went on for 18 months and was still going on when I left.

Yes, because historically there has been little investment in training procurement staff, and the pay is below industry standard so the good ones leave. Ah, we seem to have come full circle regarding your comment about pay being better in the public sector, 2 birds and 1 stone and all of that . The team was correct though to not commit or spend without central agreement. If it was ongoing for so long it's not them it's probably you.

Bluntness

I can't imagine benefits will cover my daughters rent and bills if furlough stops

The analysis is showing 53 percent of the adult population is now receiving some form of financial support from the government, and its got to stop, you can’t have 47 percent of the population paying for 53 percent.

They need to shut this down, and make it absolutely a requirement that companies open their bloody doors and start working again, sure some like hospitality need to stay closed, but the rest, they need to get their fingers out.

I can't imagine benefits will cover my daughters rent and bills

Welcome to our world, if she has a 'spare' bedroom she will also need to pay for that, cant have those scroungers having an extra room, bills are those things that we sometimes pay and end up with very little food? yeah we have those on benefits too

Does anyone know whether McDonald's furloughed their staff?

Laurie that’s interesting. I used to use research companies in my work and our industry is affected depending largely on which clients you have. So if they are on the scuppers, then budgets go down, it’s worse for some.

And she's in hospitality (bar manager)

So yes, they do have to keep paying her or she will fairly obviously have to go out and find work

But yes furlough until end of June the split is crazy atm.

I understand the lockdown but the government had to furlough people otherwise they would have no money at all. You can’t just tell everyone to shut up shop and go home and then expect them to pay their mortgages, council tax and bills with no money coming in.
Also you can’t stop furloughing people and the tell them to stay locked down. How can they survive?
I’ve just watched the news, there was a queue of hundred of Indian students (mainly) who were waiting for get food from a food bank because they are stranded here, no flights back obviously, with no way of getting money. This was East London.
Millions of people are suffering in this country. We’ve been locked down for 6 weeks. Shouldn’t in theory the spread have stopped after 14 days?

Even when this is all over, ie there’s a vaccine all over, will people even want to move jobs any more if they have them? My husband was looking to move but thank god he didn’t, he has long service where he is so even if he’s made redundant we’ll be OK for a while, leaving a job to go somewhere with no job security is hardly likely to appeal

I’d imagine McDonald’s furloughed their staff namechangevaver.
If millions of jobs are lost how will the welfare state be paid for? Where will these people live? How will benefits be paid with millions of few tax payers? How can these people find new jobs when they don’t exist or there’s too much competition?

You can’t just tell everyone to shut up shop and go home

But they didn’t tell everyone to shut up shop and go home. They issued a list of places to shut, shops, garden centres, pubs, cinemas, gyms, hairdressers, etc and everyone else shut up shop and fucked off home too.

That’s the whole issue. The whole discussion. There is no issue with the places told to shut who were then furloughed, that’s what was intended.

The issue is everyone else fucking did it too.