Regarding public sector pensions when the dust settles I think that will happen .... Not old age pensions but public sector pensions will be cut ... I would say 5% maybe 10% ... I have one but I agree with posters on here that I don’t think they are sustainable... I ve had mine since I was 49 just went index linked in February and just checked mine this morning as I get it on the 1st of every month and it has increased by another £32 with inflation .. I will take it whilst it last .... Also I don’t think Banks will be the only ones cutting Dividends any company that is taking furlough money will probably have to cut dividends ...
I’m now just waiting for O Leary and Willie Walsh to go cap in hand for a bailout from government ... They must be dreading that call after their outburst about Flybe ... Oh the irony
Still I bet Boomer has put some blinkers on now in his darkened room I can almost hear him shouting “ make it darker Lord” after the LLOY and BARC divi cut ..
Keep smiling the grass will be greener in two months time
Before my economy post just like to say I think Boris is doing OK so far in these trying times however I find it a little bit petty that he didn’t want to join the EU in sourcing ventilators ... I think a true statesman would have and at these times would take it on the shoulders about being called an hypocrite
Secondly I hope all my favourite posters are doing fine I know we are all getting older and although some young are affected it seems to have a penchant for the weak an elderly
Thirdly some good news .. I know we often see posters on here buying low and selling high all the time ... Well I will quickly share mine .. End of January Sky increased my Broadband by £16 a month without telling me because my contract had run out .. So for punishment I cancelled my sports multi room and cinema subscription with them saving £51 I’ve got two fire sticks which I’ve had a while very good other than picture quality I will live with that .. Now in hindsight a good move ..Second good news .. it was my birthday in February. I have challenged hair follicle syndrome but go and get a No2 every month costing £6 believed it or not my partner bought my some hair clippers for my birthday... Oh hindsight is a wonderful thing right now .. That’s £57 to the good
Now the economy.. I’ve just gone through my bank statement for last month before the CV crisis... I spent best part of £600 on things that I won’t be spending on this month ... Sky bet Costa coffee meals out and haircut:) to name a few things .... I should imagine across the country things will be the same ... The market is a bit buoyant at the moment with the stimulus but I suspect in a few weeks it will plummet to its lows again . When the death toll starts rising less and less will be spent and I fear now it will take longer for recovery
Anyway next question do I take a punt and buy just the basic flight tickets for £58 rtn to Fuerteventura in November and take it on the chin if it doesn’t happen or just add bags and seats near the time of flights if it’s a goer
PROTECT THE NHS
I tend to stay away from these boards at times like these I find them very toxic
Yesterday I learnt that a childhood friend of mine died at the age of 50 on Monday ... suspected CV19 ... No underlying health conditions but he did smoke ... Went home from the pub on Friday night saying he had a bit of a temperature and was having difficulty breathing and so went home to self isolate.He died Monday never contacting the NHS because they were too busy and thought like most he would be ok ...
Just remember at times like this it’s not about us has individuals which in today’s society is a very difficult thing . We may think we will be alright from CV19 and may well be right .. it’s the passing it on to other people who may not be
Sadly there are too many people in this country who will not take the governments advice and self isolate... In the western world our death rate will surpass China has our government and some people don’t really have much control ...
Take heed people who could happen in a street near you .... and for fùck sake stop buying toilet roll. It won’t help you
Just when we need more ventilators
The 100 people analogy from A to B is very weak
If 100 people in A are quarantined and 100 people in B are quarantined they can’t spread the disease... With both of them travelling each way it gives them the opportunity to spread the virus to 100 more ... only saying
Your probably right 600BN will be like the 40 new hospitals and when you dig deep it was actually 6 hospitals ... So 600BN on infrastructure will probably mean 60BN and the photocopier actually got Dominics ringpiece on there and everyone assumed it was 600BN :):):):):)
And just think you all criticised Corbyn and McDonnell who were going to make the country bankrupt by spending less then this ....
Shake the magic money tree still 50000 nurse 6000 GPs 20000 police 20BN into NHS Billions into education and of course my pension
It would seem JC and McDonnell are not the only ones who can ruin the country
Off course has they are Brexiteers this is all fine kosher and above board
And before you all start saying ah but this going on whatever it’s 600BN this country doesn’t have
Vietnam is having it quite bad at this moment in time ... Keep an eye on your son ... Not really read much about how bad spain is ... Already lost some flights on Flybe to Newquay in June but at least I can drive down there which I don’t mind ... I was just being lazy flying... I suppose if Malta doesn’t happen I will go to one of my favourite relaxing places in Cartmel... It less than an hours drive away and I have a friend who gives me mates rates on his place there ... Canada in September so I hope it’s sorted by then
I with you on the remain thing .... My view short term Brexit will be a complete disaster because no party will give so WTO will become the norm ... That’s when I think for a few months the EU will turn the screw even though it suits no one ... Macrons trawler fleet will stage biggest blockade ever and his air traffic controllers will probably refuse to accept flights from the UK :):):) and of course the traffic jams ....
But long term who knows it could be beneficial
And now with CV19 it may focus all countries to think about the economy... I said a few weeks back that the Donald was living off the US indices well they are plummeting now watch this space between USA/China
More importantly what are the odds of my flight to Malta being cancelled on 21st April ... Only a few cases there at moment but very close to Sicily
No probs, even LTI is my friend now ( I think) in these dark days :):):):) Just Boomer now :):):) All computers should be turned off for 3 months now has we seemed to be hooked on this BB and force everyone to go out and spend money on toilet roll and paracetamol and hand sanitizer.... It’s going to be a difficult few months .... I work with vulnerable elderly people now who all have just been in hospital or have underlying health conditions... I’m sure we will be stopped from going in their houses soon and be made to stay at home ... I’m gutted has I have a weeks leave booked at the end of March which I will have to take when all the others who do the same job will be getting a free week .... I fit all these emergency alarms for the elderly and we have a massive contract with the Local Authority it’s so they can free hospital beds up we fit this equipment free on behalf of the council and do about 5000 a year for them ... I’ve already planted the seed of doubt in my bosses head saying that we could all become Typhoid Marys ... They are all now panicking at the top