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Original poster

To wonder why Rishi is continuing to throw out money?

129 replies

MiaMarshmallows · 27/02/2021 22:23

Just reading now about all these different sectors who are going to be getting an extra boost. Isn't this all just contributing to the borrowing and meaning that we will be paying this back for longer and longer?
I know it is needed to help get businesses up and running but he does seem to be throwing money around like paper confetti?

OP posts:
pinkunicornwithacatonitsback · 28/02/2021 12:09

[quote nordica]ThePricklySheep it's a Telegraph exclusive behind a paywall but was discussed in the paper reviews last night on both Sky and the BBC. Sounds like national insurance rises for the self employed (to "level" the field apparently...) and an online sales tax.

www.telegraph.co.uk/politics/2021/02/27/rishi-sunak-plots-tax-raid-parcels-freelance-workers/[/quote]
This makes me so cross. I'm a newly-employed freelancer (2 years in April) and I missed out on any financial assistance by 10 fucking days.

Thankfully, I've been able to continue working but to be told categorically that despite paying taxes for 15 years, that a) if the shit hit the fan then no, I wouldn't be eligible for any state support and b) I've got to pay extra taxes (despite setting aside 30% every month) to pay for his colossal fuck ups really winds me up.

The first grant, I understand why people like me were excluded. Everything had to be so quickly managed that a line had to be drawn somewhere. But to have an entire year where 3 million people were given absolute zero financial support, and then to say that those 3 million people have to pay more to resolve the financial hole? How the fuck is that fair?

Kazzyhoward · 28/02/2021 12:13

@frozendaisy

Probably cheaper than a long term unemployment bill and all the additional costs associated will ill health, house repossession and despair that brings.

I am sure he has done his sums. Or do you think internet posters are more qualified to make this call?

Given that he screwed up the self employment support and excluded 3 million from support, I'm not convinced he knows what he's doing at all. Pretty sure the people who've lost their jobs, their businesses, their savings and for some, their homes, won't think he's done a good job so far.
Kazzyhoward · 28/02/2021 12:18

@MiaMarshmallows

Just through hearing people talk about this money they will get and how everything will then be fine. It just seems very gullible.

I have heard of the rumours of SE people being targeted and if that is true, it's yet another sign of a shambolic government. Targeting those who will inevitably suffer most.

Many self employed have been screwed by Rishi and his support schemes with more holes than swiss cheese. Putting up taxes for self employed who've received no covid support is inhumane and unfair. His "support" has been mostly for big firms and those who don't actually need it (multiple air BnB ers for example who've so far got £20k per property). He's clearly got an "anti small business" agenda which is no surprise considering his City banker background and his millionaire wife's business empire!
WiseUpJanetWeiss · 28/02/2021 12:24

Without a doubt, we will all be paying this back for years.

Is this really a problem? The WWII debt was only paid off this century.

What’s most important is stimulating the economy and increasing public confidence to spend. Cameron’s austerity was a mistake and a failure, and has contributed to the mess we’re in now. The last thing we need now is more of the same.

oil0W0lio · 28/02/2021 12:26

I think they are engineering a property price crash so as to deflate the money supply

Original poster
MiaMarshmallows · 28/02/2021 12:27

I just worry for those who will be hardest hit as it certainly won't be those on big salaries. I worry for the younger members of my family as well.

OP posts:
islockdownoveryet · 28/02/2021 12:34

Because they need to support these businesses who have barely earned through no fault of there own .
A lot of businesses have been shut for months how do you expect them to pay the overheads ?
Ok the ones that were struggling Covid is a nail in the coffin but those that were extremely profitable will carry on when they can re open but not without help . They have to pay rent/ rates / utilities/ wages order stock they need cash to pay for this . I don’t understand why people can’t grasp that .

islockdownoveryet · 28/02/2021 12:36

@MiaMarshmallows

I just worry for those who will be hardest hit as it certainly won't be those on big salaries. I worry for the younger members of my family as well.
The younger members of your family will benefit from businesses support so that they don’t go under people don’t loose jobs . So not more strain on the benefits system more people out of work and harder to get a job .
frumpety · 28/02/2021 12:56

A large chunk of the debt is due to the banking crisis, the Conservatives held it at a fairly steady 85% ish over the last 11 years, even with the austerity measures. The additional covid related debt brings in at over 100% , but this isn't a new thing historically, if you look back to the post war years.

To wonder why Rishi is continuing to throw out money?
luckylavender · 28/02/2021 13:01

@MiaMarshmallows - I don't think you do 'get it'.

Waxonwaxoff0 · 28/02/2021 13:02

There are some people on big salaries who will be hit. Anyone working in travel, pilots for example.

murbblurb · 28/02/2021 13:07

Still going for £27bn on roads ( one of which will destroy where I live and we don't actually have a traffic problem) and however much on HS2. Don't let the smile fool you into thinking he knows what he is doing.

Moondust001 · 28/02/2021 13:28

@Waxonwaxoff0

There are some people on big salaries who will be hit. Anyone working in travel, pilots for example.
Or Sunak's wife, friends and social circle, who all seem to be doing quite well?

Funny how it's crucial to invest in the economy when it's your very rich friends who are losing money, but it never has been when it was "just" ordinary people losing jobs or income.

Don't ever make the mistake of thinking that these people are on our side. If it were in their interests to do so, they'd move to another country and leave everyone here to their fate. And they may well do so yet.

oil0W0lio · 28/02/2021 13:41

Don't ever make the mistake of thinking that these people are on our side
Of course they are only in it for themselves and the enrichment of others like them, pre pandemic it was easier to obscure this reality but now it's front and centre for us all to see

oil0W0lio · 28/02/2021 13:43

We still don't know what the post pandemic world will look like, it might be that certain types of businesses are no longer viable again ever

bluewanda · 28/02/2021 13:53

Economic matters aside, Rishi is rather dishy!

flippingtrampoline · 28/02/2021 14:02

@nordica

Sounds like his plan is to claw it back from the self-employed and online businesses - those of us who've had no help whatsoever during the pandemic. Angry
he does seems to have a dislike of the self-employed and a reluctance to give them the same support as employed.
flippingtrampoline · 28/02/2021 14:05

There were warnings of a big inflation problem in the near future issued yesterday.

I worry about high inflation in the future because it will be addressed with high interest rates, which is bad news for mortgage holders.

I don't know how wise it might be to give huge injections of cash into sectors of the economy that are less viable post-pandemic and after a year of changed habits that may not revert back.

Myalternate · 28/02/2021 14:15

Thank goodness it's the Chancellor that will be deciding on policies and not MN's

flippingtrampoline · 28/02/2021 14:19

Cos EOTHO was subsequently hailed as a success in terms of virus suppression (or maybe not)

Drink out to help out?

ChameleonClara · 28/02/2021 14:22

Eat Out To Spread Covid About as Marina Hyde called it

LemonRoses · 28/02/2021 14:58

Had they taken any notice of the data and risk at all they would have reacted more quickly instead of Johnson going on holiday and Hancock telling us the virus wasn't a serious concern.
They would not have hat the eat out fiasco or allowed Cheltenham to spread the virus further and would not have relaxed for Christmas. A more courageous and less popularist strategy would have reduced he number of deaths and economic impact.

They like burning other people's money and care little for the ordinary person.

SleepingBeaut · 28/02/2021 15:00

@nordica

Sounds like his plan is to claw it back from the self-employed and online businesses - those of us who've had no help whatsoever during the pandemic. Angry
Yes it’s absolutely disgusting how the newly self employed have been treated. Cant claim anything if have only been recently self employed it’s destroying peoples lives. It’s not like you can’t easily prove it and it’s unfair so many have been excluded
SleepingBeaut · 28/02/2021 15:01

@flippingtrampoline he really does doesn’t he. It’s destroyed peoples businesses and lives I know so many who missed out on the SE grants and it’s crippled them financially

SleepingBeaut · 28/02/2021 15:02

@bluewanda

Economic matters aside, Rishi is rather dishy!
🤢 no thanks.