Billions of pounds

@ kaylydia. So you think that everyone should be without PPE in order to save the planet. FFS. Who do you think is going to look after you in hospital once all the medics die because you want to save the planet. For gods sake, get a grip.

Regarding the amount of money being found to pay for all this, if there is an amount of money in reserve, isn't it a good thing? If there wasn't a reserve at the moment, all the work being supported by our Government would not be happening and the Country would be bankrupt. We all need to keep some funds in reserve "just in case" in own lives, lesson to be learned maybe.

The printing machines

We are going to be borrowing Trillions, this will be far worse borrowing than WW2. The economic collapse will result in a depression, the like of which we have never seen. The young of this world I feel very sorry for because they haven’t got paid up mortgages nor are they living on final salary pension schemes which most of the elderly are. The young have been supported by government for 3 months, with an extension promised if necessary; but what about afterwards? The firms they would have worked for will have financially collapsed and probably will have to permanently lay off the majority of their staff or permanently close. Anyone here moaning about how hard a life they think they’re having, spare a thought for those (like myself) who don’t have a paid up mortgage and because we’ve fallen through the government’s grant gaps, can’t gain access to the 80% of pay financial contribution. We as a family have NO MONEY. Maybe the government need to start taxing those on huge pensions too, everyone has to contribute to pay to get the country back on its feet.

I understand and welcome all the PPE being provided but I can't help thinking where is all this plastic going to go afterwards. There must be loads and loads going in bins after use. Isn't there any way that PPE can be made to be sterilised or washed after use and then used again?

Well, the country will be saving 55 millions pounds a day on EU fees and they could also cut the foreign aid budget and save another 25 million pounds a day, unless you prefer that ventilators are sent abroad instead of using them for any of your loved ones here who may catch coronavirus.

It is all a con. It is just numbers. It keeps the rich, rich and the poor ,poor.
We need a much fairer system. Money can be produced out of thin air when ever the government wish. There is a money tree.

We will be saving billions of pounds once the payments to the EU stop. In addition I think we should cut foreign aid, paying India millions to help out then they fire a nuclear missile! It's time to look after our own and provide them with everything they need for once.

That's just a lie the Tories spun to convince everyone to vote them in. Everyone praised Gordon Brown for his response to the Global Financial Crisis by bailing out the banks to the tune of over £500 billion through Quantitive Easing and in fact the Tories voted for him to do that. The economy was actually recovering under Labour because of it. Then after the election in 2010 the Tories were able to persuade the LibDems to form a coalition so they could take over in government. The LibDem who was appointed to be the Chief Secretary to the Treasury then published the joke letter (a tradition started in 1964 when Reginald Maudling left a similarly worded one for James Callaghan) that Liam Byrne left for him to feed the lie that Labour had left no money so they could implement austerity measures to "pay it back". Of course it was the poorest that ended up paying for the mistakes of bad lending by the banks instead of the banks themselves.

It's curious how when Labour proposed £85 billion of spending to improve funding for the NHS, schools and other public services that everyone was told there's no money again and tlBoris promised more than that with his election pledges which he conveniently didn't cost and both Sajid Javid and Rishi Sunak who worked for the banks that caused the crash before becoming MPs managed to come up with bigger spending plans/the Covid19 bailout to the tune of over £330 billion when there's apparently no money again isn't it? Also under the Tories the National Debt had more than doubled to over £2 trillion by December compared to what was left by Labour. Putting less money in people's pockets means they have less to spend and therefore less to pay taxes like VAT, fuel, tobacco and alcohol duty on so less goes back into the coffers and the economy shrinks causing a recession.

We did not finish paying back WW2 loans till 2006.....

It really is frightening like nothing we have ever known before. Really hits home when your son's friend dies in hospital.

The financial fall out doesn't bear thinking about. The economy will take some time to recover and I fear for people's lively hoods. My son and daughter-in-law are in farming. They are currently working day and night as lambing and calving are in full swing. I fear for their future and all those farmers in the same position. If there is no market for these animals, they still have to feed the regardles.. All these poor farmers who supply the hotel and catering business and are having to tip there milk away.

Lulu16 ; Perhaps they did plant a forest of magic money tree; hopefully they are on the way to plant one at my house, I have one request when this is over I want to buy a nice little cottage near the seaside. Surely no too much to ask.

Think the country will be bankrupt and possibly a global recession - will be repercussions for years

Well having read through I’m actually none the wiser as to where billions of pounds has suddenly become available from seeing as we were supposedly ‘on our uppers’ six months ago and more savings needed to be made by the world and his wife.
I’m glad I asked though.

It’s the money they have stolen off of over 60’s and not given them their pensions.

I read somewhere a few weeks ago now, that government was drawing on money reserved for another war. Have not seen it mentioned recently.

Before the corona virus outbreak the world was heading towards a massive financial crash. a crash that would put 2008 into insignificance. The virus has come at a strangely coincidentally useful time for the leaders of countries to blame it for the coming massive financial crisis. But the corona virus has nothing to do with the financial crash which was speeding towards us before the outbreak of the virus. The virus provides a wonderful cover and excuse.

While we are shut down in our homes, small and medium businesses are closing never to reopen. When we do become free of the lock down the world will be different. Not because of the virus, as we shall be led to believe, but because of the new financial world that will be created so that by 2030 people will live under the kind of controls now seen in China where face recognition cameras are the norm and people's movements are watched. We will accept it because we were so frightened by corona virus. But it will be linked to the new financial control which will eventually cover the world.

The financial crisis is going to be far greater than the corona virus in hitting people. Governments knew it was coming.

Everyone needs to understand what western finance has been doing for the last 30 or 40 years. Read Nicholas Shaxson "The finance Curse" available on Amazon, essential reading according to Yanis Varoufakis.

For a better understanding of what is soon to come see on YouTube the interview with Ernst Wolff. In German but with English subtitles. I am hoping the English translation of his recent book will soon be available:
youtu.be/8LYjOEib9iI

Perhaps they planted a forest of magic money trees?

The country/government was always going on and on about how difficult things were in the U.K. before we had this pandemic and we needed to tighten our belts. All of a sudden thousands are without employment many now having to resort to benefits. The government have been doing wonders it seems they are pulling money out of everywhere.
My daughter a full time worker and still in work said to me just goes to show what money is available when they want to start giving it out.

Perhaps we could all google introductory trainings in economics? Nations aren’t the same as households, that is where the line the conservatives have said is wrong. If you create money it goes around and around, and as long as it circulates, people get paid for doing / producing. The only lost dead money is that in property because it isn’t creating anything, although if landlords spend their rental income that creates wealth for others. The only way out of a recession is to spend, as they discovered in the 30s. Yes, I am married to an economist and have some training in economics many moons ago. Good on the government I say...

For what it’s worth- if the government spent more on mass testing the we could all get back to work and there would be no need for handouts!

They print some more.Is economics a science or an art? no one knows,The whole money thing is a racket designed to install fear and greed in humans.There are Trillions of dollars slushing around in offshore funds,zillions hidden under beds ,in safes,and thats not including the dosh from crime! makes you think eh!

I'm sure there will be Bonds, etc when when (let's hope) all this is over.

At the moment its fire fighting so how can anyone get too hot up about the money being repaid? One job at a time...

Considering the billions of pounds, dollars, Euros etc that every country seems to owe another country, who knows?
Where does the billions that the UK hand out to other countries in aid come from? It's all numbers and I was never very good at Maths!

It's going to be paid for with increased taxation when this is eventually over.
No, they haven't been sitting on huge sums of money, the last Labour government left us pretty much bankrupt ? Which is why we had to have austerity measures

Sometimes I lose the will to live.

Here is the tory lie in action...

Try reading the link I posted earlier.

mainlymacro.blogspot.com/2020/04/