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> Coronavirus Part 4, The Final Chapter?
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Steve201
post Wednesday, 09:24 PM
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The thing with these gimmicks from the chancellor is that it's all well and good giving people 50% off but it's about whether people want to go out and are fearful still.
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Doctor Blind
post Wednesday, 10:02 PM
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I'm a bit disappointed that the rumoured '£500 to spend in the local economy supporting small businesses' wasn't announced. Clearly the annoucement on VAT is welcome but I feel the proposal, including that on the £10 vouchers on meals on Mondays, Tuesdays and Wednesdays, will just end up benefitting the larger businesses and chains and is ultimately more of a sticking plaster on what could be a really awful 12-18 months for the hospitality sector, likely to conclude with many smaller businesses going under and many redundancies even from larger ones. It also was clearly aimed at distracting from the absolutely massive £15bn being spent on PPE (over 7 times greater than this big annoucement)! As you've mentioned Steve this is all about confidence and feeling safe when dining out in public (eating out, as Twitter pointed out today has rather DIFFERENT conotantions), I'm not sure whether this or a more efficient Track & Trace programme in place would be more effective at that - but for me the latter would be much more reassuring.

Don't get me started on the props for the corrupt UK property market, clearly designed to maintain the overly inflated property prices and benefit land barons like Mr Desmond.
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Quarantilas
post Thursday, 11:47 PM
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Short term temporary VAT cuts are a waste of f***ing time. A lot of tax departments in big businesses will be absolutely furious at not only the cut itself but the short notice. Many won’t have been able to properly update their systems by next week.


I wouldn’t hold my breath for the rate cut to be passed on. Small cafes are likely to be under vat threshold anyway if they’re a single wee shop so don’t charge vat already. Other SMEs are more likely to keep prices the same, or increase them post COVID and pocket the change to help them recuperate their losses. Big chains most likely to pass on but I can foresee some not.



Germany has a similarly pointless but wider VAT rate cut that is just a wholesale slashing of both vat rates. Big electronic stores are passing savings on, as is Netflix and Vodafone. But my food shop is still the same price, eating out is still the same price. Makes no difference to the end consumer in reality.
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blacksquare
post 14 hours ago
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Things really are about to get rough — I'm not convinced the new jobs scheme is actually going to work. No comment on that meal voucher idea either.
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Rooney
post 14 hours ago
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QUOTE(blacksquare @ Jul 9 2020, 12:59 PM) *


Things really are about to get rough — I'm not convinced the new jobs scheme is actually going to work. No comment on that meal voucher idea either.


It's only going to work for those industries that were a bit on a knife edge. The problem we have is the high street as we know it has been slowly dying for a good few years and the pandemic is just going to accelerate the change.

The economy is going to shrink 20% the effect will be felt pretty much across all industries (even the manufactures and supermarkets who operated during lockdown). Supermarkets are doing OK but online delivery is a loss making service so prices are inevitably going to have to rise. It's why if we have a second wave there is no way we are going in to a national lockdown, I don't think we would survive economically.
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T Boy
post 13 hours ago
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Welsh Government have announced today that schools will return full time as normal in September with no social distancing between the children.

I’m relieved in a way because I really wasn’t sure about the ‘blended learning’ approach that we’ve been preparing for and you just can’t beat teaching children who are right in front of you. I do hope though that by September I’ll be able to do other things like go swimming again.

Perhaps some parents might be grateful to the teachers from this point on but seeing comments in the media, I won’t hold my breath.
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J00psyMethyd
post 12 hours ago
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Country's a load of shite. Offering some minimum wage jobs for 6 months, what a pisstake.
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Suedehead2
post 11 hours ago
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QUOTE(J00psyMethyd @ Jul 9 2020, 02:56 PM) *
Country's a load of shite. Offering some minimum wage jobs for 6 months, what a pisstake.

I can't help feeling that some companies that were gearing up to take on new staff and pay them above the minimum wage will now take the opportunity to employ them and pay them nothing for six months.
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