Eat Out to Help Out.

Yes Whitewave - but there are other schemes being implemented. This is just one of many.

Oldwoman70

Am I the only one who thinks this is being used to encourage people to start going out again. Once they realise the restaurants are implementing safe distancing and other measures they will, hopefully, continue to use those establishments after the "eat out to help out" scheme finishes.

The economy is in much much deeper trouble than issues with restaurants etc.

Am I the only one who thinks this is being used to encourage people to start going out again. Once they realise the restaurants are implementing safe distancing and other measures they will, hopefully, continue to use those establishments after the "eat out to help out" scheme finishes.

The only way that you are going to create demand is to restore confidence.

Confidence that it is physically safe to go into aerosol filled restaurants,etc

Confidence that you have a secure job

Confidence in your pension payment

Confidence that the government appears to know what it is doing, and is taking sufficient measures to restore demand in the economy

Until at least three of those areas are ticked demand will be sluggish.

I can remember the call to support Britain’s economy during the 60s because our economy was slowing and reversing from the immediate growth after the war when demand led economics produced such growth.

It didn’t work.

We joined the EU

We are also beginning to look at places in England for a staycation as I am not comfortable flying at the moment and we have decided to support our Country in any way we can.

I am going out to dinner this evening with Mr GG13, AC and two GC.

Tomorrow for the first time since 18th March I will walk along to the local shops at the other end of my road and will try to purchase something in several of them. I know I am fortunate to be able to afford to do so, but it is in my opinion my moral duty to do so.

In regard to your post @10:11 today, those without the disposable income to spend extra may often be those in low paid jobs in the hospitality industry.

Therefore those with the ability to spend extra, by going out and spending in pubs, restaurants and hotels may well preserve the jobs of those in that low paid work. For it will is the case that many businesses in that industry are facing financial failure at present.

When the above takes place those low paid workers face even worse hardship by way of unemployment and living on Universal Credit Benifits.

The above is the real truth of the situation.

"spending to save jobs and the economy is surely far better than the chancellor borrowing huge amounts trying to achieve the same."

Think about it! It comes down to more or less the same thing. For a start, QE costs the government nothing. Secondly, the people who would buy government bonds are those with disposable income - the very same people you're encouraging to spend money in restaurants.

The difference is that borrowing could target investment on sustainable projects, which would benefit the whole country and its future.

suziewoozie

Oohhh Grandadis that a qualification to your nasty sweeping generalisation of a judgement? Well well well well.

A qualification to what. Please explain???????????

Oohhh Grandadis that a qualification to your nasty sweeping generalisation of a judgement? Well well well well.

Grandad1943

There are obviously those in high-risk groups by way of health concerns, and those that do not have any disposable income to additionally spend beyond everyday living expenses. Those persons cannot go out and spend.

However, there are those which can take up the Chancellors plea and "go out and spend", for we have not in many cases spent anything beyond buying essentials during the lockdown.

In that, large numbers spending to save jobs and the economy is surely far better than the chancellor borrowing huge amounts trying to achieve the same.

So will those without the disposable income to spend, receive a tax refund for the amount they're going to pay for other people to have a cheap meal?

Eh? We have a shadow chancellor with a better understanding of macro-economics than Rishi Sunak, who's only ever worked in banking, which does not consider the whole population or have a holistic view of the economy.

I know what Sunak previously announced. I'm reserving judgment on that until he really does put his money where his mouth is. If it's anything like the money which has been announced for schools, it's woefully inadequate.

The details of making homes more energy efficient won't help people living in the rented sector. It's a rehash of the previous scheme.

I'm waiting to see what he announces on apprenticeships. The Conservatives have been making promises about them for nearly 10 years, but have done almost nothing.

Meanwhile, is still my opinion that £10 vouchers for meal deals are a publicity stunt, paid for all through taxes, but which a significant number of people can't afford to use or won't have the opportunity to use.

There are obviously those in high-risk groups by way of health concerns, and those that do not have any disposable income to additionally spend beyond everyday living expenses. Those persons cannot go out and spend.

However, there are those which can take up the Chancellors plea and "go out and spend", for we have not in many cases spent anything beyond buying essentials during the lockdown.

In that, large numbers spending to save jobs and the economy is surely far better than the chancellor borrowing huge amounts trying to achieve the same.

Rishi Sunak did announce the details of making homes more energy efficient, he did announce apprenticeship incentives along with employer incentives to employ young people.

So called green electric cars please do not be fooled, there is no such thing as a green battery these things are literally costing the earth and lives of people (often children as young as 5) who mine for the components.

I have much more faith in a chancellor who has worked in the private sector than a shadow chancellor who according to her bio whent from University to a University Lecturer to being an MP.

There is no magic potion for recovery, we all have to play our part however small.

Now the Chancellor has shaken his magic money tree and found that it does indeed have fruit, how about:

Subsidising efficient public transport (electric mini buses maybe?) in areas which currenly have almost nothing, so people have to rely on cars?

Subsidising community arts projects, so that they don't have to rely on full capacity, until it's genuinely safe?

Those are just a couple of ideas. I'm sure I can think of more which would genuinely create sustainable jobs, improve the quality of life and distribute magic money fruits more equitably.

I’m doing my bit, went out to our local Italian last night, it was lovely to go out finally. Going again on Monday and will possibly have a curry out on Sunday as it’s DH’s birthday. Am waiting until our local freehouse pub opens next week to go to the pub as I’d rather support them than the big chains.

There is absolutely no doubt that the UK is heading for a recession (probably a depression), but mucking about with £10 PR stunt vouchers isn't going to stop that.

The Chancellor needs to borrow big money for real sustainable projects, such as building genuinely affordable homes and green technology, which will create a better future for all.

High quality jobs would be created, which in turn will require high quality training and development.

He needs to have a good think about the targeting of taxation too.

Cheap slogans to help out mates running fast food restaurants won't cut it.

My first choice is to be alive and healthy. My brother has ongoing health issues despite surviving C19.

I’m not taking additional risks. It’s a pandemic, with heading towards 60,000 dead. I’m in an at risk group. I don’t have the luxury of being able to isolate because I have to work so I’m not adding to my risk.

Pedant alert!

‘....its student population...’

Furret

And that sums the situation up very well TerriBull. Our town thrives on tourism and it’s student population, and small independent shops, cafes and bistros are everywhere. No one wants those businesses to fail.

As one of EV’s ‘usual suspects’ (cliché alert?) perhaps she hadn’t read this?

GrannyGravy13

Basically if the general public do not support businesses, whether they be retail or hospitality they will disappear from our High Streets.

It is a worrying time for anyone with a Private Pension, ISA's or Investments that they rely on to top up their State Pension as the returns on most are vanishing before their eyes.

You are very correct in what you state in your above post GrannyGravy13.

It is expected that the FTSE 100 index will fall below six thousand today whereas three months ago it was approaching eight and a half thousand.

If that fall is sustained that will impact large numbers worldwide with private pension and investments both pending and possibly already payable.

The above may well turn out to be the second financial impact of the Covid-19 crisis beyond the huge numbers of job losses being announced.

The above are the two reasons I strongly support the government call to "go out and spend" for there is little else that anyone can do in what is turning out to be this Coronavirus disaster.

Round= would

JenniferEccles

And that’s it in a nutshell GrannyGravy13

That is the point a few of us have been trying to make.

Why Grandad’s post along the same lines has caused so much anger from the usual suspects is beyond me.

Look, the Chancellor has admitted that, sadly, he can’t promise to save every business, but he and the government are doing their utmost to help as many as possible.

This is not the whole story though is it?

We have to do our bit by supporting shops restaurants restaurants etc or life as we know it will never be the same again.

I am sure people will do their bit once confidence returns.

People according to laissez faire economics which I’m sure you support action rationally and in their best interests.

That is why the economy is going to struggle to recover.

We don’t have to do anything JE that round worry us or make us feel uncomfortable.

I notice that you are all saying that We will go to our favourite restaurant/pub. Well I will be going nowhere, as I don't wish to sit there as "Billy no Mates". This incentive is of no benefit to me, or others who live alone and comes in the same week that it is announced that we are going to be pursued for near £200 for the privilege of watching TV.

"To them that hath shall be given"........