| This Furlough extension 15:56 - Mar 4 with 661 views | hype313 |
I get that when everything reopens on the 21st June the economy won't suddenly recover that day, but why is the furlough scheme going to still be running for an additional 3 months when everything should have reopened, and therefore no one should be on furlough? |  |
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| This Furlough extension on 15:58 - Mar 4 with 628 views | J2BLUE |
Probably because people aren't going to go from 0-100 immediately and start spending again. It's quite clever really. Give enough short term stability and confidence that the economy might recover enough for people not to get laid off and might at the very least pay for itself. |  |
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| This Furlough extension on 16:00 - Mar 4 with 616 views | hype313 |
| This Furlough extension on 15:58 - Mar 4 by J2BLUE |
Probably because people aren't going to go from 0-100 immediately and start spending again. It's quite clever really. Give enough short term stability and confidence that the economy might recover enough for people not to get laid off and might at the very least pay for itself. |
I would have thought that most industries will be desperate to open or will have opened by then, and I personally think we will see vast swathes of the nation going out far more initially to spend money given the lock up over the past year, so in essence why does the furlough scheme need to be in place? | |
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| This Furlough extension on 16:01 - Mar 4 with 610 views | chrismakin |
I suppose especially with pubs and restaurants reopening but still with 6 person limits etc from June, life won't be completely back to normal, so some in hospitality will need a little bit of help to begin with
my friend who's a landlord, he can't wait to open, however he has roughly 10 members of staff who won't be back for a long time as the rule of 6 etc reduces footfall alot. |  |
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| This Furlough extension on 16:02 - Mar 4 with 603 views | hype313 |
| This Furlough extension on 16:01 - Mar 4 by chrismakin |
I suppose especially with pubs and restaurants reopening but still with 6 person limits etc from June, life won't be completely back to normal, so some in hospitality will need a little bit of help to begin with
my friend who's a landlord, he can't wait to open, however he has roughly 10 members of staff who won't be back for a long time as the rule of 6 etc reduces footfall alot. |
Will the rule of 6 still apply post June 21st? | |
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| This Furlough extension on 16:04 - Mar 4 with 597 views | chrismakin |
| This Furlough extension on 16:02 - Mar 4 by hype313 |
Will the rule of 6 still apply post June 21st? |
There's belief that the rule of 6 and masks, may be in place until all adults are vaccinated. | |
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| This Furlough extension on 16:05 - Mar 4 with 593 views | hype313 |
| This Furlough extension on 16:04 - Mar 4 by chrismakin |
There's belief that the rule of 6 and masks, may be in place until all adults are vaccinated. |
But they plan to have vaccinated everyone by the end of May | |
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| This Furlough extension on 16:06 - Mar 4 with 581 views | StokieBlue |
| This Furlough extension on 16:02 - Mar 4 by hype313 |
Will the rule of 6 still apply post June 21st? |
Whilst they have said they hope to remove it I think they have left room to change their minds depending on the levels of the virus. Any variants could also affect it as well. I saw a study from Manaus stating that between 21% and 65% of people who had C19 previously were still susceptible to being infected with the P1 Brazilian strain so the antibodies don't fully work for that variant (caveat that it was a small study).
I saw today that 49% of vaccinated over 80's admitted to breaking lockdown rules and seeing people outside their bubble so using that as a benchmark I think we can see how the rules are going to be interpreted as more people get vaccinated.
One promising thing from that though is that if they have already been mixing the vaccines seem to be working given we haven't seen a significant rise in cases and the downward trend has continued.
SB [Post edited 4 Mar 2021 16:07]
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| This Furlough extension on 16:09 - Mar 4 with 550 views | chrismakin |
| This Furlough extension on 16:05 - Mar 4 by hype313 |
But they plan to have vaccinated everyone by the end of May |
can't see it, vaccinations been slowing down drastically lately, what we got, 70 million doses still left for all adults to have had 2 jabs? | |
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| This Furlough extension on 16:11 - Mar 4 with 535 views | J2BLUE |
| This Furlough extension on 16:00 - Mar 4 by hype313 |
I would have thought that most industries will be desperate to open or will have opened by then, and I personally think we will see vast swathes of the nation going out far more initially to spend money given the lock up over the past year, so in essence why does the furlough scheme need to be in place? |
Confidence. People aren't going to go out and spend if they suspect they are about to be laid off. The government are buying time to see if that extra bit of confidence can bring things back quicker and keep people in jobs.
Google velocity of money. The example Jim Rickards gives is that if he goes out for dinner and tips the waiter $10, the waiter then uses it to take a taxi home and the taxi driver then uses it to buy petrol that $10 has a velocity of three on that night. If he chooses to stay home and watch tv that $10 never gets spent and has a velocity of zero.
We're buying confidence and giving things time to pick back up. | |
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| This Furlough extension on 16:12 - Mar 4 with 525 views | hype313 |
| This Furlough extension on 16:09 - Mar 4 by chrismakin |
can't see it, vaccinations been slowing down drastically lately, what we got, 70 million doses still left for all adults to have had 2 jabs? |
But they knew the past two weeks were going to be slow before ramping up drastically over the coming weeks. | |
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| This Furlough extension on 16:14 - Mar 4 with 514 views | hype313 |
| This Furlough extension on 16:11 - Mar 4 by J2BLUE |
Confidence. People aren't going to go out and spend if they suspect they are about to be laid off. The government are buying time to see if that extra bit of confidence can bring things back quicker and keep people in jobs.
Google velocity of money. The example Jim Rickards gives is that if he goes out for dinner and tips the waiter $10, the waiter then uses it to take a taxi home and the taxi driver then uses it to buy petrol that $10 has a velocity of three on that night. If he chooses to stay home and watch tv that $10 never gets spent and has a velocity of zero.
We're buying confidence and giving things time to pick back up. |
Fair enough, I get that, and I'm certainly not expecting a firework display on Summer solstice to declare everything open, so can understand the need to have a cushion.
Nice analogy. | |
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| This Furlough extension on 16:14 - Mar 4 with 512 views | chrismakin |
| This Furlough extension on 16:12 - Mar 4 by hype313 |
But they knew the past two weeks were going to be slow before ramping up drastically over the coming weeks. |
4000000 a week just doesn't seem plausible at the moment, | |
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| This Furlough extension on 16:25 - Mar 4 with 492 views | JammyDodgerrr |
Don't forget it's also protection for deadlines running late or a new mutation, or a surge in the virus again. One of the things previously Sunak was criticised for was not forward planning and being slow to react. He is the reason the November lockdown was so late, and largely pointless, because of his refusal to extend the furlough scheme. In some ways he is being smart and protecting himself(which is only good as well for those areas affected) |  |
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| This Furlough extension on 16:32 - Mar 4 with 476 views | George03 |
From an economic view point labour is a derived demand.
Some industries will still not experience same demand pre Covid for months after restrictions are lifted.
Therefore, would need to furlough system to allow them to continue to operate. |  | | |
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