Page 1 of 1

Now the money tree is firmly planted.

PostPosted: 20 Mar 2020, 18:05
by Suff
As the Chancellor says they'll pay 80% of wages for those not working in coronavirus crisis.

With a further statement of:

there would be no limit on the funding available to pay people’s wages.


Just as well they have a few printing presses. Or should I say computers that make money....

Re: Now the money tree is firmly planted.

PostPosted: 20 Mar 2020, 18:48
by Workingman
That cannot be anything like a workable plan, not even in the medium term.

He didn't put a cost on the initiative because he doesn't have one even though economists say the plan would cost an £78bn. Their number is only a guess but if 1/5 of the workforce is laid off, an earlier government figure for worst case scenario, the cost would be over £150bn. So if he loses all the tax and NI contributions then where is all money coming from?

Labour has put armed guards on its money tree forest and won't let him in. Get planting Sunny.