Member Info for snige

The way I see it, risk is dealt with by the insurance industry and as usual they have swerved out of their responsibility.
Why the hell are banks getting involved, apart from lending money on their terms.
BTW direct line goes ex div this Thursday 14.4p

Flight traffic down 70% in Europe and this during a time when airlines have less flight slots with passengers who would be generally flying on essential business.
https://www.tellerreport.com/news/2020-03-31---halved-exhaust-emissions-since-the-corona-eruption-.S1ZLVbfZwU.html

That IEA oil report was written on the 9th March so I would say it's way out of date.
Aviation fuel alone accounts for approx 2% if they got back to 50% of capacity that would be a reduction of 1 million barrels a day and that's if people are up for flying or allowed to, filling in health questionnaires, temp checks and the rest.
Freedom of movement is going to be restricted even to Cornwall - good,they can keep it.

Totally amazed how the insurance industry manoeuvred their way out of the logical route of responsibility in this crisis after initial talk was the government was going to act as "insurer of last resort".
They have the ability with loss adjusters to accurately access loss and when this is all over in my opinion this industry will need a good shake up as this isn't the first time they have failed miserably.

Domestic cats are masters of social distancing although I guess at some point they must come together?
Perhaps the markets are reassured by the lack of take up on the £330bn,could read into it, SME's are hunkering down but I still can't see how hospitality, travel, retail could escape without loss.

If you see any country folk coming into a town for medicines or to visit one of our fine supermarkets,under government guidelines you're entitled to shout,
"GET OFF MY TARMAC"

mick,
that's when it becomes difficult if the economy takes a 6%-8% GDP fall as the people are already subjected to the highest tax take ever.
Could introduce a dementia tax to get our social security payments up to OECD average of 26% of total tax take.

And the craziest thing about it mick is the government/banks are finally going to invest, not to improve productivity but to keep the current system afloat.
You Brits are so funny!

Just realised the Germans can keep their factories running because they went for higher productivity, robots etc and therefore a reduced work force, while we went for overcrowded, low investment, cheap labour methods in general.
If we had more robots we could sit at home all year!

Wids,
never under estimate the barter economy quite big down our way but I agree if you can completely annihilate social interaction - then control is complete.

Considering our electricity demand has fallen well below Christmas levels why has a high manufacturing country like Germany fallen far less.
Have they upped production on the V2?
https://www.agora-energiewende.de/service/agorameter/chart/power_generation/05.04.2019/05.04.2020/
Ignore todays (Sunday) fig as it will average up during the day.
http://grid.iamkate.com/

I would imagine China could counter claim for the intentional selling of opium to their population and the associated 1,000 of deaths/misery.
Whatever you think about China they have a great deal of influence in a growing Asia and a global Britain will need their support.

Successful parts of the economy (the banks) are bailing out the potential failures, so why aren't the successful hedge funds being asked to step forward and make their contribution or is it the authorities have no control over them?
We are all in this together, the wealthy can't escape to another country and if they did everything would be shut.Their social calendar decimated, no Henley regatta, Wimbledon, formula 1,Ascot, no executive box in Tokyo and the highlight of the week is a trip to the supermarket.
The only difference I can see are for those people living in high density estates mainly built since the 1980's when very little consideration was given to open spaces, gardens and house dimensions - never designed for a lock in.

Get the laid off/self employed taxi drivers to deliver, like they know the area and you are already paying them 80% of their wages!

We are now a fully independent state and no one else to blame.
When a country is broke the only alternative is to make big promises on the future and delay as long as possible their implementation.
The government has pledged to guarantee £330bn of loans but only £145m has been lent so far and the banks will take the risk until reimbursed. The self employed are waiting till June and the laid off PAYE businesses 2 months and finally
whether we had stayed at home or not the protective gear was cheap sub standard and not up for the job.

Why would there be inflation if consumers don't consume and secondly QE was only meant to be short term why didn't the Conservative reverse it in the last 10 years.

Hardline brexiteer down our way has a poster in his postage stamp garden which states "31st Jan 2020, freedom at last"
Makes me chuckle.

With the number of white vans on the road (they can't all be NHS/food industry workers) probably doing a cash no VAT job, I would think the self employed stole your divi.

Redial,
your post is important to me but we are experiencing I high volume of disgruntled investors, please hold.
Thankyou!

Time to spark up the old jalopy SUFC and head north on the A1 once the police drop the lockdown.
I've heard there are potato picking jobs following the harvester - your favourite!