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Coronavirus

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forza ivano
March 24, 2020, 9:53pm

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Much of this conflict today could be solved if the Govt compensated the self employed for not working. The millions of self employed are not multi millionaires they're your local sparky, plumber erc. If they don't work they are penniless, no money for bills, food mortgage etc.
It cannot be that difficult for HMRCE to say we will pay you 50% of 18-19 profits on a monthly basis. We all know that the self employed don't pay as much tax as PAYE  people, so in return they have to accept they don't deserve the same 80% as the millions who weren't able to reduce their tax liability. They can take it away bloody quickly so I'm sure they could reverse the payments
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LH
March 24, 2020, 10:11pm

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That seems fair enough Forza but how does that work in my situation in that I’ve been self employed since January but was employed by other companies for the previous two years? There has to be some sort of universal fixed payment for the SE in my opinion.
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grimsby pete
March 24, 2020, 10:15pm

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Are we going to have years of austerity when this is over ?

I suppose the government will want all their money back that they have been throwing about.


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Azimuth
March 24, 2020, 10:35pm
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Quoted from grimsby pete
Are we going to have years of austerity when this is over ?

I suppose the government will want all their money back that they have been throwing about.


Any money borrowed inevitably has to be paid back, however hopefully the UK will be well placed to bounce our economy back relatively quickly with the supoort measures in place for businesses and employees, that is provided we all work together and follow the steos needed to eradicate the virus from our shores and prevent reinfections.
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louth_in_the_south
March 24, 2020, 10:44pm

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The thing that scares me is the comparison between the most seriously affected areas of Italy v Uk .... Bergamo population 125,000  ....London 8.9M . London is 71X the size of Bergamo . Do the maths in relation to %infection rates / death rates X population that are complete fuc.k wits and don’t seem to realise what’s coming .

No wonder Boris looks like he does now .


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smokey111
March 24, 2020, 10:51pm
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Quoted from grimsby pete
Are we going to have years of austerity when this is over ?

I suppose the government will want all their money back that they have been throwing about.


I would envisage so. Although a lot of it is in loans, we may feel the squeeze for a couple of years. Mind you, I bet they won't be scrimping on the NHS once the dust has settled!


"The socialism I believe in is everybody working for the same goal and everybody having a share in the rewards. That’s how I see football, that’s how I see life.” Bill Shankly
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GrimRob
March 24, 2020, 11:08pm

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Less than half a million people died in the UK during WW2. The death rate is around 1%, if everyone here got it, the total number of deaths could top that. Unlikely, but the total number of deaths in WW2 (around 85 million) could definitely be exceeded in this pandemic worldwide. Unbelievable Jeff.


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Maringer
March 24, 2020, 11:14pm
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Quoted from Azimuth


Any money borrowed inevitably has to be paid back


No. We're not borrowing money, we're creating it out of nothing. And rightly so given the current situation. Which makes it so ridiculous that they are um-ing and err-ing about supporting the self-employed properly. And the support for furloughed workers apparently won't be paid until the end of April. The government is making the right choices (after spending too long considering all other possibilities) but the clock is ticking and workers are running out of time.
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GrimRob
March 24, 2020, 11:26pm

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We're creating money out of nothing but inflation is going to bite us hard in the long run. Many of us have seen our pension pots tanked and we'll have to work years longer than we might have otherwise done. Anyone who has bought a house recently is going to facing massive negative equity. But it all has to be done, no government can stand by and allow people to die just to prop up the financial system.


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Ipswin
March 25, 2020, 7:15am
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Quoted from forza ivano
Much of this conflict today could be solved if the Govt compensated the self employed for not working. The millions of self employed are not multi millionaires they're your local sparky, plumber erc. If they don't work they are penniless, no money for bills, food mortgage etc.
It cannot be that difficult for HMRCE to say we will pay you 50% of 18-19 profits on a monthly basis. We all know that the self employed don't pay as much tax as PAYE  people, so in return they have to accept they don't deserve the same 80% as the millions who weren't able to reduce their tax liability. They can take it away bloody quickly so I'm sure they could reverse the payments


A lot of the sparks, plumbers and chippies etc don't pay a lot of anything to HMRC not just tax but VAT etc as well and calculating profits when jobs have been done 'cash in hand' might prove rather difficult


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