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Coronavirus.

Zoomup
We have been advised not to go to pubs and restaurants, cinemas and other public places, to protect ourselves and others from the Coronavirus. Are we still able to work? Can we still obtain stock? Will we continue to visit workplaces like offices, shops or homes? Will we be provided  with fiscal support if we can not trade, especially if we are self employed?


University College London is predicting up to 250,000 potential fatalities from Coronavirus in the U.K.


How does the pandemic affect you?


Whaddaufink?


Z.




  • 0

    davezawadi:

    Z, you are being too gloomy. The conditions are entirely different to the great depression, although it may take some time to recover.

    I have a few ideas to help, see what you think:

    All rent payments for business and homes should be suspended. No one really looses anything, and it prevents bankruptcy.

    All Rates suspended, the government funds local authorities as necessary

    Anyone who cannot work, because of lack of demand etc. pubs, restaurants and so on has only food outgoings, so is safe and protected. This can be covered by the announced social security changes.

    Those with interest payments can have these rolled over, so no outgoings.

    There needs to be a huge fine for profiteering in any way from the emergency.

     




    John Law (baptised 21 April 1671 – 21 March 1729) was a Scottish economist who believed that money was only a means of exchange which did not constitute wealth in itself and that national wealth depended on trade.


    Money itself is of no value. It can't be eaten or used as a tool to produce anything. Also, gold bars have limited use.


    All of the fiscal measures to defer bankruptcies will cause enormous debt which will eventually have to be repaid in the future, by our being taxed. Eventually income tax and V.A.T. will have to rise to create funds to repay the national debt. Historically the U.K. had to borrow cap in hand from the International Monetary Fund, not that long ago. The future looks grim.


    Z.


     

  • 0

    davezawadi:

    Z, you are being too gloomy. The conditions are entirely different to the great depression, although it may take some time to recover.

    I have a few ideas to help, see what you think:

    All rent payments for business and homes should be suspended. No one really looses anything, and it prevents bankruptcy.


     




    No body loses out except owners and landlords? With no income, how do owners and landlords continue to maintain their rented out properties? And now do they support themselves and families with no income?


    Who pays for all of the Father Christmas generosity? We will in due time. Learn form recent history about U.K. borrowing.

    https://www.ft.com/content/3b583050-d277-11e6-b06b-680c49b4b4c0


    Z.

  • 0

    davezawadi:

    All rent payments for business and homes should be suspended.




    That's a difficult one and my initial thought was no. I don't quite know how the missing funds will be replaced by councils, but they ought to be able to manage. The same might apply to housing associations. As for private landlords, the rent might be their only income, but perhaps they ought to do without like everybody else. Whatever might happen, any application to be excused rent should be supported by firm evidence of loss of income.


    As for business rents, the landlords will have to think carefully. If a business goes under because it has to continue to meet its costs, the property will end up unoccupied.


    I received an e-mail circular from a well-known restaurateur today practically pleading with diners to visit. They will stay open for as long as they are permitted to do so because they want to continue to be able to pay their staff and do business with their suppliers. They have even moved their tables further apart. (Unfortunately, Mrs P won't risk going out.)


    Yes, it's dire for a lot of people, but this whole epidemic won't last forever!

  • Former Community Member
    0 Former Community Member
    There is one thing Britain has been over the last few hundred years during a catastrophe and that is masters of playing the long game with some cold calculation, you have to gamble with the present to protect the future hence the decision to allow millions to be infected and live with a few thousand casualties, the decision not to stop travel, close pubs, restaurants, schools and public spaces shows the goverment resolve that it is not willing to trash the economy and cause massive bankruptcies, whilst in the near future some of the world economies will inevitably fall apart we need to recover quickly so it is a gamble worth taking. Some people are referring to Churchill but he was a master of cold calculation, one of the instances was he refused to invest in Civil Defence to protect the people against the Nazi bombs and diverted the money to building more ships, planes etc; willing to sacrifice the few for a brighter future rid of the Nazi scourge.


    Rob
  • Former Community Member
    0 Former Community Member
    Are you overdoing the "social distancing" Zoom ?


    Do you have feelings of loneliness and despair leading to a depressive disorder as a result of the current unpleasantness ?


    If so, (and you ain't coughing) then it'll be fine  - if you are coughing, then it's probably game over


    Either way, lace your boots up tight and crack on


    OMS






  • Former Community Member
    0 Former Community Member
    I mean, like,  just trying to live my best life


    Wot? Not even a single "you know"?


    Regards


    BOD
  • 0

    OMS:

    Do you have feelings of loneliness and despair leading to a depressive disorder as a result of the current unpleasantness ?




    What a great time to be agoraphobic! ?

  • 0

    OMS:

    Are you overdoing the "social distancing" Zoom ?


    Do you have feelings of loneliness and despair leading to a depressive disorder as a result of the current unpleasantness ?


    If so, (and you ain't coughing) then it'll be fine  - if you are coughing, then it's probably game over


    Either way, lace your boots up tight and crack on


    OMS






     




    Over centuries Zs have always gritted their teeth during adversity and soldered on despite apparently overwhelming odds.


    General Z was a great example. He stood his ground while bombs exploded around him. Bullets whizzed past his ears. Smoke drifted and flames spread. He was determined not to be moved by the enemy. Well until he was blown up that is.


    Z.

  • 0

    Zoomup:



    Over centuries Zs have always gritted their teeth during adversity and soldered on despite apparently overwhelming odds.



    I hope this is now with Lead-free solder.....

  • 0
    Singapore expects to need a very large fiscal rescue package.

    https://www.cnbc.com/2020/03/18/coronavirus-singapore-minister-on-outbreak-and-its-economic-impact.html


    Z.

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