María Reyes Maroto said British coronavirus figures "still have to improve" before Spain could receive tourists from the UK. If Boris doesn't get on top of this virus, he's going to make us all look like a bunch of jerks - too late! https://www.bbc.co.uk/news/business-52882177
Looking like George Floyd might have an effect on markets tomorrow, lots of youngsters (very low risk) spreading covid to higher age groups. Back in blighty I would have thought most business if they have orders to full fill would have figured out social distancing by now and be back at work, with the exception of 2.5m hospitality workers and 1.5m non essential retail, yet government says around 11m are being furloughed/self employed grants - has Britain got use to lower demand.
TFE, definitely add that one although shrouded in a mist of security. Could add draining the swamp, immigration (Brexit) or even fake news itself. You have to pick on a topic which the people believe has it errors and say you're going to fix it but have no intention of doing it. I see your Raab has offered a home to 2.9m Chinese.
Nash, I would say from an individuals view the standard of living now is higher than in 2000 as we all accumulate wealth however from a community view the infrastructure,housing,healthcare,education have all deteriorated. As for quality of life the ruling classes believe, as always, they can get away with murder which makes it more annoying these days with the level of media coverage allowing the general public to make their own judgements on whether its fake news (lies), be it some guy telling you he needed to drive 50 miles in daylight to check his vision for a night drive home, or 3 policeman suffocating a hand-cuffed man.
And what if the consumer doesn't consume, what if they think we'll have a second spike and no repeat of furlough - £100bn down the drain. Non essential shops in Germany have been open a month and after an initial novelty spike sales have fallen away. If we do spend next time can't we get something essential done instead of sitting at home. FFS we need a vaccine or issue quality PPE.
Theosus, we will soon find out how much of our financial services industry is essential,along with the number of jobs created in parts of the none essential service sector. I was pointing out if there was a country to copy or even one day beat, it would be Germany. P.S ,that electric connector with Denmark can run both ways too.
"Our crown jewel industry banking. Taxes at over 46% compared to USA 33%. Overregulated." Bit dodgy to follow the US economy, i would say it's better to follow the German model for a country our size/democracy.
Lloyds along with other banks are taking cheap funding,one of the conditions to the final recipient is not to pay excessive dividends. " The TFSME allows eligible banks and building societies to access four-year funding at rates very close to Bank Rate. The scheme is designed to incentivise eligible participants to provide credit to businesses and households to bridge through the current period of economic disruption caused by the outbreak of Covid-19."
mrJimV, " I would think December we will hear about a divi and up goes the SP near back to the old times previrus" It's the partial truths you should be wary about, not the blatant lies - I would be very surprised if the divi returns to the same level of the old times.
Think the market is getting ahead of itself, for most businesses working with a 2 metre distance rule will add costs. The key to this pandemic at first was how quickly you could create social distancing, the key now is the issue of the correct PPE to eliminate the distance, ie a well fitting, comfortable respirator.
"The government has extended its mortgage payment holiday scheme by three months and the ban on home repossessions until the end of October" Even though you know it's in your best interest to pay the mortgage because in the long term the lender will rip you off, 16.5% of the mortgage market has decided to take a holiday. 1.8m mortgagor's give you a good indication where the housing market and economy are going. https://www.bbc.co.uk/news/business-52767058
And in the meantime as I've said before why not manufacture 66m respirators complete with inlet/exit valves and a canister for use in crowds and face masks for lower levels. A re useable mask which can be decontaminated in a mild disinfectant after removing the canister - a British company, Avon Rubber can do the job. Would probably eliminate the virus here and would be useful for a second wave if the dress state requires.
In reality if the economy is going to take a 13% hit, we as individuals/businesses could all take an equal 13% hit but it doesn't work that way. The rich are already arguing they have paid their £54bn hit so its up to the rest of us. Some will be wiped out and the rest 26% worse off when it's all over. Good system.
Rishi Sunak warns of 'recession the likes of which we haven't seen' Which only confirms the measures he's taken will not be sufficient to cover the fall in economic activity. I admire his honesty but it won't do anything for consumer sentiment.
RE: BoE Mulls Negative Interest Rates17 May 2020 18:37
They could Asp1 but on the other hand they might not,thats why they come up with an average R1. The government would be better off spending £660m on a quality respirator (£10 each) with inlet/exit valve c/w canister in various sizes for use in confined spaces such as public transport/work situations and revert to face masks in less dense areas. Something along the lines achieved in WW2.
RE: BoE Mulls Negative Interest Rates17 May 2020 17:42
Asp1,please check your alert state. "R1 = steady/controlled/manageable spread of the virus R1 and it's inevitable consequences it is then" Assuming gov figures of 148,000 infected at any one time and it takes 14 days to get over it, this would take 445 weeks to get up to the magic 50% of the population for herd immunity, probably the worst outcome for people and the economy.