Member Info for snige

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.

He's on TV in front of the liaison committee at the moment and it's a struggle to get any coherent answers out of him.
Good entertainment.

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.

New cases of covid according to government 2004, while the true figure is 3943.
265,227 -261,284 = 3943
They must be using a Post Office Horizon system.

Notice how well behaved the general public are - stay at home means,you don't even open the front door but you can twitch the curtain if you believe the end of world is happening outside.

"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.

Italy and Spain are not opening schools until Sept,they have lower new cases of covid 19 and probably lower than our 1 in 400 infection rate if you believe in our stats.
Nothing wrong with the teachers, it's the school which is the perfect breeding ground for a virus to be spread around a large catchment area with the majority of children showing very few symptoms.
24,373 schools with average primary pupil numbers of 282 and secondary 965, 24,373 reasons not to open.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/812539/Schools_Pupils_and_their_Characteristics_2019_Main_Text.pdf

Difficult to find positive news but having spent my time on an unlimited cycle ride I can confirm pollution levels and road kills are normalising. The park bench drinking team have reverted back to alert level 1 and in fine fettle abusing the general public and the Somalian have opened up the hand car wash.
All good signs Britain is returning to normal.

If you have a spare 30mins it's worth reading Land securities (LAND) on this site. With very few comments you can easily research the thoughts of investors last time round.
"Think they are defo cutting the INterest rate looking at the trends of the SP, once this is announced at midday expect to see further rises in banks and property especially land sec expect to see £16 today" -Dec 7th 2007,rates cut to 5.5%
https://www.lse.co.uk/ShareChat.asp?ShareTicker=LAND&share=Land-Secs

A perfect opportunity for buyers to pull out and banks to revaluate the mortgage offer.

Pippa, there are ways around it for P & O operating on short routes which would copy the channel tunnel.
Stay inside the vehicle windows up for 75 mins on the vehicle deck with the ships vents on, but there just isn't any demand for travel.
More than happy with day trips starting tomorrow.

Nash, "Hospitality, travel and Leisure will become expensive and out of reach for the majority of the population"
For the majority of over 50's it's not out of reach its just the 20 million between 50yrs-80yrs are of the opinion "we'll have a good get together when this is all over" which I am afraid will not be this year.
This virus couldn't have come at a worse time with interest rate at rock bottom.

jl, "Sadly BJ is being outflanked by the Stassi science brigade.
All leftis who aim to bring the Govt down."
I disagree,Boris has a good working majority and wholly responsible for policy so far.
From the very beginning the protection of the elderly/vulnerable was paramount and i agree with you the stats indicate those under 45 without an existing health issue have little to fear.
70% of the work force are under 50, probably more than enough for current economy.
Until proper treatment/vaccine we need to segregate the population, maintain social distance and get the young back to work.