International Consolidat... Share Discussion Threads

[teamwork1] 19/3/2020 18:55

Do u think we will see 1 pound on here

[dround87] 19/3/2020 18:39

FTSE100 rising. Let's see if you can beat your previous 20pc miss!

[hamhamham1] 19/3/2020 18:30

How about this for an idea.
The government give grants to companies to cover their wage bills and loans to cover their other bills. Plus gov helps landlords to provide rent free 12 month period.
Then all the wages would trickle down to employees.
If self employed, you get a grant for 1/12 per month of your last year's income declaration, per month for the next 12 months.

[m1k3y1] 19/3/2020 18:29

ham...interesting to see that US Gov are making noises about maybe taking stakes in companies they help financially but I haven't seen anything about them doing the same with Boeing. Wonder if they will ?

[962962] 19/3/2020 18:25

Monty.Are you back on yourEasyjet repatriation flight.Missing your wise comments,that you have been posting on other threads presumeably while airborne this afternoon.

[toon1966] 19/3/2020 18:23

Boeing’s supply alone employs 2.5 million people, it will not be allowed to fail.

[hamhamham1] 19/3/2020 18:20

The US may bail out Boeing or let it go to chapter 11, but either was it will survive.

[loganair] 19/3/2020 18:11

There seems to be quite a lot of talk going around in the US about rescue packages, for the SMEs what is happening at the moment is an 'act of god' whereas for Boeing it is an 'act of Boeing' and therefore why should the US Government bail Boeing out.

[toon1966] 19/3/2020 18:06

Errr Careful, this is purely down to the UK NHS?

[m1k3y1] 19/3/2020 17:56

take_that....not my colleagues but my understanding, is that some of the more senior crews have already been given and accepted VR / early retirement. Some of them have left, or are due to leave.

The additional information I have been told, is about new measures that BA are discussing with the Unions , due to the virus. As a prelude to any action BA may (or may not) take, they are required to serve an HR1 notice. This is a legal requirement.

Regarding the 3 month unpaid leave, spread over 6 months of half pay...again I understand that this is across the whole BA cabin crew community but currently on a voluntary basis. You may be aware that rosters have been wiped and crews placed on 24hr. Some flights are still operating to HKG, SIN etc etc .

I have heard speculation about LGW and EF crews but as yet, nothing that I can say is more than a rumour.

There is obviously a lot of concern among BA employees at the moment and I wish them all well. Hopefully ,this situation can be managed with voluntary unpaid leave and early retirement, rather than any imposed measures.

I also understand that United Airlines staff are in a similar situation. The airline Industry is being hit particularly hard at the moment.
The only plus I can think of, is that historically, it is one of the first sectors to recover, when it happens.

[careful] 19/3/2020 17:51

We can assume that going forward economic shutdowns will not occur again.

All because a sudden peak in cases, which brings the pandemic to a quick conclusion, results in the NHS being stretched too far.
Carry on as normal next time..

All this economic chaos and shutdown is solely because the NHS cannot cope.

The solution is to massively increase the capability of the NHS, ventilators etc, plus a voluntary advice to older people to self isolate.

Carry on as normal.

[take_that] 19/3/2020 17:09

@m1k3ky1 is that for all your cabin crew colleagues or just the senior or junior crews? Any VR options? Sure some of the more senior crews would be interested in a VR package.

[m1k3y1] 19/3/2020 16:59

spacedust.......it will be what it will be.

[m1k3y1] 19/3/2020 16:21

Smithy....BA crews already talking about 3 months unpaid leave with the salary spread over 6 months. Currently on a voluntary basis but BA has served HR1 notices to the Unions.

[watfordhornet] 19/3/2020 15:11

I know it 20k but that is 40k if married

[dround87] 19/3/2020 14:59

Whatever. It improves survivability now for businesses facing a black hole. Whatever the future holds the worst of this crisis from a cash flow perspective is imminent.

[hamhamham1] 19/3/2020 14:55

Toon by my thinking, gilts generate money for the gov and corp bonds create money for companies? If it is that simple then corps don't really gain from this. But I am open to being educated here. My view is based upon my understanding.

[toon1966] 19/3/2020 14:52

WOW any of you guys work for the BoE, if not I’ll get in touch with Sky News and tell them about the experts on this forum. Bye the way it’s the lowest rate since the bank was formed in 1694...

[hamhamham1] 19/3/2020 14:50

The bond buying is gilts rather than corporate by the sounds of it, so think that might fizzle the FTSE back again after a while.

[hamhamham1] 19/3/2020 14:49

He comes across better than Trump in press conferences, not sure what that says though :)

[m1k3y1] 19/3/2020 14:48

ham.....it's not enough .
He needs an open cheque book and he needs to start printing it asap.
Everyone wants to see leadership and commitment ........he hasn't got it.

[gunsofmarscapone] 19/3/2020 14:45

Yes hamham

Boris and the Bank of England have spaffed everything they have against the wall in the first few days of the battle: all that remains is a weak dribble.

[hamhamham1] 19/3/2020 14:43

BoE cut to 0.1%
Plus bond buying extra £200bn