Another 4.6 billion ....

[Warlord]

Rishi has shaken the magic money tree again and found another 4.6 billion

 

[Patfig]

SPAFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF

[Roman Roady]

Of course he has found it...he has to double down every time else all the money spaffed previously was for nothing. If this were a casino he would have reached the house limit a long time ago.

 

Lets hope that the vaccines work for the new variants eh???

[Money Frugality]

This ain't about the virus anymore.. This is literally money grabbing, trickle up economics whilst using typical distraction tactics..

Virus real? Yeah. But just look at asset prices.. Everything.. Ask yourself, would you keep it contained just enough to keep making easy money, especially when you're the one making the rules.. 

The poor already give their money through spending it gets funded by printing/borrowing money.. Trickles up. Keeps people off unemployment line so they don't step out of line. 

Guess who's going to be on the hook for this? Tax payers.. The middle.. The coincidentally 35+ who are usually the ones saying oh we should lockdown etc save people.. Tax is coming your way under the guise of paying for the virus unless you get your head out the sand lol.. 

Next line, vaccinations slow to roll out.. Extended.. 

Next line, vaccinations are only 60% effective so we need to get the second jab in.. Extended..

Then finally, vaccination doesn't work on new variant.

Edited January 5 by Money Frugality

[Patfig]

The news is currently stating this is for hospitality, leisure and retail but what does retail mean

 

Hight street stores? The little corner greengrocer? market stall holders? folks who have online shops selling from their garage?.........................

 

 

[Warlord]

Can you imagine them spending this on housing? HA!   

This is becoming a cruel joke. I'd love to know what the cost of COVID is with furlough, loans etc. it must be in the hundreds of billions by now 

[captainb]

At least its to businesses that exist and are affected by the restrictions. 

Thus better than the rest of the £10s billions of support to anyone including organised crime. 

[Warlord]

To put it in context 4.6 billion is about 2p in income tax

They just throw money around like its going out of business... another 4.5 billion is nothing compared to what he has borrowed over the last year 

[captainb]

 

The news is currently stating this is for hospitality, leisure and retail but what does retail mean

 

Hight street stores? The little corner greengrocer? market stall holders? folks who have online shops selling from their garage?.........................

 

 

Those with a rateable buisness property in relevant sectors. 

[TheCountOfNowhere]

 

Rishi has shaken the magic money tree again and found another 4.6 billion

 

There is no end to how generous this ex-banker is.

Remind me, all these retailers etc...where did their profits go over the last 20 years ?

[Warlord]

 

There is no end to how generous this ex-banker is.

Remind me, all these retailers etc...where did their profits go over the last 20 years ?

Green took a 1 billion dividend in 2013 (I think) he's still living off that while his empire has collapsed 

[jiltedjen]

not surprised, multiples more to come

Its time to add superchargers to the printing presses, and stock up on nitrous 

we have seen nothing yet, they want high inflation, nothing else will suffice, and they have the tools to do it.  

[PeanutButter]

Question is whether salaries will inflate alongside. 

[Odysseus]

I wonder if my village cricket club will receive another grant like we did in lockdown 1?

the club received £10k in lockdown 1 which is the equivalent of 10 years worth of members subs. Bonkers

[Money Frugality]

 

Question is whether salaries will inflate alongside. 

Jens referring to asset inflation so in reality.. Nah, doubt it; "inflation is low what do you want a pay rise for?" 

[sammersmith]

 

At least its to businesses that exist and are affected by the restrictions. 

Thus better than the rest of the £10s billions of support to anyone including organised crime. 

I agree. The gov had to give money to businesses they ordered to close. 

The gov will always waste money. I only care when this payout directly impacts me by helping landlords and EAs, so no more bounceback fraud loans or stamp duty holiday extensions please. 

[Warlord]

 

I agree. The gov had to give money to businesses they ordered to close. 

The gov will always waste money. I only care when this payout directly impacts me by helping landlords and EAs, so no more bounceback fraud loans or stamp duty holiday extensions please. 

the gov has no money though. They're borrowing it 

[NuBrit]

 

Guess who's going to be on the hook for this? Tax payers.. The middle.. The coincidentally 35+ who are usually the ones saying oh we should lockdown etc save people.. Tax is coming your way under the guise of paying for the virus unless you get your head out the sand lol.. 

I think the tax will come through depreciating the currency, rather than directly through income tax. People are going to be a lot more sensitive to tax increases than by allowing inflation to run at 2-3% while keeping rates at 0%.

Also, look at the growth of M2, this chart is not recent, but you can be assured the the sharp upward trend extrapolates into the New Year, and likely further into March at very least - https://tradingeconomics.com/united-kingdom/money-supply-m2

Precious metals are up, house prices are up, stocks are up, even sh1tcoin is up. No one wants to be holding Sterling that guarantees you a loss on your purchasing power over time.

[Patfig]

grant will be provided to firms on a per-property basis, with £4,000 going to those with a rateable value below £15,000, £6,000 to those with a value between £15-51,000 and £9,000 above this level, said the Treasury.

[Patfig]

although it seems that the caveat for the above is that these grants are only available to currently closed businesses

[Trump Invective]

 

There is no end to how generous this ex-banker is.

Remind me, all these retailers etc...where did their profits go over the last 20 years ?

Yep - said it before, surely capitalism enables profits in the good times to be used in the bad times. No government support required for any long running, successful businesses

[zugzwang]

 

I wonder if my village cricket club will receive another grant like we did in lockdown 1?

the club received £10k in lockdown 1 which is the equivalent of 10 years worth of members subs. Bonkers

They received it because they requested it from the local council citing running costs/loss of revenue.

Are you suggesting a fraud has been perpetrated?

[Speed1987]

 

This ain't about the virus anymore.. This is literally money grabbing, trickle up economics whilst using typical distraction tactics..

Virus real? Yeah. But just look at asset prices.. Everything.. Ask yourself, would you keep it contained just enough to keep making easy money, especially when you're the one making the rules.. 

The poor already give their money through spending it gets funded by printing/borrowing money.. Trickles up. Keeps people off unemployment line so they don't step out of line. 

Guess who's going to be on the hook for this? Tax payers.. The middle.. The coincidentally 35+ who are usually the ones saying oh we should lockdown etc save people.. Tax is coming your way under the guise of paying for the virus unless you get your head out the sand lol.. 

Next line, vaccinations slow to roll out.. Extended.. 

Next line, vaccinations are only 60% effective so we need to get the second jab in.. Extended..

Then finally, vaccination doesn't work on new variant.

I can definitely see this one "vaccination doesn't work on new variant"

[zugzwang]

 

Yep - said it before, surely capitalism enables profits in the good times to be used in the bad times. No government support required for any long running, successful businesses

The nation has been put on a war footing. Effectively, capital assets have been seized by govt and stood idle. Of course those impacted need to be compensated.

[Money Frugality]

 

I think the tax will come through depreciating the currency, rather than directly through income tax. People are going to be a lot more sensitive to tax increases than by allowing inflation to run at 2-3% while keeping rates at 0%.

Also, look at the growth of M2, this chart is not recent, but you can be assured the the sharp upward trend extrapolates into the New Year, and likely further into March at very least - https://tradingeconomics.com/united-kingdom/money-supply-m2

Precious metals are up, house prices are up, stocks are up, even sh1tcoin is up. No one wants to be holding Sterling that guarantees you a loss on your purchasing power over time.

Agreed with all of that although it could come from both sides.. Taxes in the form of CGT, IHT etc.. IE taking the middles assets, not off them, but neutering them, taking a portion and preventing intergenerational wealth. Far too many are climbing the ranks which although is contradictory to the 'since march Britain has lost 250k millionaires story', that's the point..

That graph is actually mental..!