Gov to fund furlough scheme at 80% until October!

[caperberries]

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

I've read at 60%...?

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.

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

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

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

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

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

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

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.

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

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?

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

I mean decades and decades and decades to pay back

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

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

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

This is just hilarious! Corbyn must be absolutely loving this . 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" .....

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.

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?

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.

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

"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.

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

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.)

I'm on furlough too, believe me. I don't want to be. I wish I was able to work or at least work from
Home. I've always worked for my money and I do get quite offended when people slag off the furloughed saying we're taking free money from the government just to sit on our arses all day, bake etc. We (hotel) physically cannot open until we are told it is safe to do so. So what do you expect us to do now? And now with today's news, I am genuinely terrified that this will mean that I (as a lot of others) will be losing a job purely because the hospitality industry will not be able to afford to pay the remainder for all employees until we open. Oh yeah, let's not extend the furlough scheme, just let everyone lose their jobs...no big deal, right?