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When 75% of businesses were forced to restrict trade or shutdown. Not quite sure why there is all the shock and horror in the media?
So the economy shrank 20%
- Thread starter motorbiking
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Positive news?
So how is the UK going to get out of this mess?
Oh that's right, it's going to have a world leading contact app (not) and schools will be going back (not fully until february apparently) and we'll be leaving the biggest trading bloc in the world...
And debt is rising at the highest monthly rate ever...
UK PLC is completely screwed...
The only question is when is the real chaos gonna start!
or lets leave the EU without a deal and make the economy suffer more.Hey let's stay in the EU and pay to bail out that lot as well. That'll help no end
brexiteers love this argument that the EU membership fee doesnt get anything in return.
Agreed, I would have expected a higher number given the extent of the shutdown. Perhaps it's a reflection of the number of people who are state employed.
Correction...
Taxpayer 'employed' for doing nothing due in large part to borisconi's incompetence!
What do you think is going to happen to the economy when the last phase of taxpayer support ends and a large proportion of those furloughed jobs will be gone due to government dithering?
When are you leaving the UK again? We'll certainly miss your positivity.
I bet Johnson wishes he had told the truth and not won the leadership battle and/or the general election.
It's not bad really as people kept spending. Mail order has been having a wonderful time. If they couldn't spend ................... They hoped to keep construction going. Business may be worried about being sued for not taking adequate cv19 precautions but that eases when rules are released for them to work to. That makes that area SEP.
I'm wondering who will want to win the next election. Also how long Boris will last. He gets his rounds of here here in the background now but why does he need them. Back benchers are moaning and etc.
I'm wondering who will want to win the next election. Also how long Boris will last. He gets his rounds of here here in the background now but why does he need them. Back benchers are moaning and etc.
- Joined
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I'm not convinced his number is up. Many in the tory party dislike him over Brexit etc. But he delivered the goods and secured their jobs.
A lot of companies carried on. I came back full-time as I tend to work the winter and holiday for the summer. It was pretty clear that wasn't going to happen this year, so may as well work. A lot of people just had to work harder for the same £1. We also saw a shift in economic activity related to Covid. Airlines, train companies, bus companies and even car parking firms have pretty much had to shutdown. Pharma, CPG, healthcare, logistics, food and online retail have been booming.
A lot of low end legal and professional services folk are furloughed, but I'm expecting to be busy as hell now there is a global shake up. Housing market is very active at the moment and that generates big tax receipts.
Anyway - FTSE100 is up 1.5% on the news. So clearly only the clueless journos think its a bad surprise.
A lot of companies carried on. I came back full-time as I tend to work the winter and holiday for the summer. It was pretty clear that wasn't going to happen this year, so may as well work. A lot of people just had to work harder for the same £1. We also saw a shift in economic activity related to Covid. Airlines, train companies, bus companies and even car parking firms have pretty much had to shutdown. Pharma, CPG, healthcare, logistics, food and online retail have been booming.
A lot of low end legal and professional services folk are furloughed, but I'm expecting to be busy as hell now there is a global shake up. Housing market is very active at the moment and that generates big tax receipts.
Anyway - FTSE100 is up 1.5% on the news. So clearly only the clueless journos think its a bad surprise.
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I dont see the short term lockdown as the main issue, there is pent up demand which will help short term.
Longer term is where the bigger issue arises: when govt furlough support ends lots of businesses will make workers redundant....followed by lots of businesses going bust.
Lots of retail and hospitality trade will be restricted by social distancing, so loads will be operating below break even.
There you go again, just looking at the headlines. If you bothered to turn the page you would have read the other two shock horror stories. Namely that the Pope is Catholic and bears **** in the woods.
He has two aftermaths to deal with now. One CV19 and the other Brexit.
Both may not have an end so problems depend on outcomes. I also feel that he will have problems with people like Ian Duncan Smith and some of Boris's cabinet cronies do not come across very well.
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Why does anyone (still) take notice of Ian Duncan Smith?
