Furlough 80% wages

Grenage

80% pay and three months off sounds great to me, but I would be concerned that my job wouldn't be there for me when I returned.  I guess that's the concern of many.

Tiglet2

I've been furloughed too

Arklight

jimmyjammy001 said:

Just wondering why the 80% payment the government are making to people is not a part loan? Which could be added as an additional tax to people who have taken it out, People will be using the free money to pay off their mortgages and day to day living expenses, is this not what people keep emergency funds by for? Then ask for Governments help if it goes on past a few months, I get that is is to save jobs but you will be at home not working and when the time comes go back to work, I also understand people would rather be at work on full pay but unfortunately that can not be the case, seems that everyone will have to pay higher taxes in due course for this and the austerity measures that are going to take place over the next X amount of years will be worse than the past 10 years, it is hardly surprising that supermarkets can not get enough staff to stack shelfs or do delivery's in this time of need/high unemployment when you are alot better off staying at home not working. If it was a part loan people would be more inclined to go out and work in a minium wage key worker role to top up their wages. 

Civil unrest terrifies governments. Millions of people losing their jobs overnight because Boris Johnson told them they can't go to work, and being left with bills stacking up and no way to pay them, is a recipe for exactly that.

It could be an individual loan, but then many people wouldn't want to take it. As far as the government is concerned it does not make a lot of difference, it is 1s and 0s being magicked on to a balance sheet. It will be inflationary, and could be taken care of with higher taxation, but that will not be their problem as long as taxpayers are all still ready to go and be good consumers when lockdown ends.

I think the fact the Tory government is paying what is nearing a universal basic income to people to do nothing, shows how worried they are about the alternative.

neil7462

If you have been furloughed by your employer are you allowed to go and get a temporary job,ie Asda, until your employer reopens?

Grenage

neil7462 said:

If you have been furloughed by your employer are you allowed to go and get a temporary job,ie Asda, until your employer reopens?

That's up to your current employer.

Thrugelmir

Without the scheme. The streets would be like Hampstead Heath did the other weekend. It's a clever scheme on a number of fronts. The US must have real concerns over civil unrest. Given their hire and fire culture. A friend of mine who works for Quantas out of Sydney has been put on 6 months unpaid leave. Left to fend for herself.  

csgohan4

Thrugelmir said:

Without the scheme. The streets would be like Hampstead Heath did the other weekend. It's a clever scheme on a number of fronts. The US must have real concerns over civil unrest. Given their hire and fire culture. A friend of mine who works for Quantas out of Sydney has been put on 6 months unpaid leave. Left to fend for herself.  

But it's a scheme without its consequences, more debt for the country and less spending further down the line to pay this off.

tootiemac

neil7462 said:

If you have been furloughed by your employer are you allowed to go and get a temporary job,ie Asda, until your employer reopens?

I believe the answer is "No" simply because the government scheme is meant to keep you in a job.
The definition is basically that the employer could no longer employ you without this due to business closure or downturn.
if you were to go out and secure another job then your not furloughed your employed and paid in full hence no furlough from the original company, basically you've found another job.
this is how it was explained to me when i queried it with a couple of friends who all work in the HR sector.

Thrugelmir

csgohan4 said:

Thrugelmir said:

Without the scheme. The streets would be like Hampstead Heath did the other weekend. It's a clever scheme on a number of fronts. The US must have real concerns over civil unrest. Given their hire and fire culture. A friend of mine who works for Quantas out of Sydney has been put on 6 months unpaid leave. Left to fend for herself.  

But it's a scheme without its consequences, more debt for the country and less spending further down the line to pay this off.

Alternative is immediate mass redundancies. As business rescales it's operations. Resulting in a demand in social welfare payments etc. Let alone social unrest. May well be turn out to be one of those once in a 100 year events. That causes a major rethink of what really matters. 

Brock_and_Roll

Whichever way you look at it, its a "loan" - in the sense that it is costing the government hundreds on billions which will need to be repaid to international lenders. The governments only source of income is of course individuals and businesses tax!