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[darrin1471] 20/3/2020 13:03

Coronavirus action plan suggestion by DC


Government should legislate that:
No mortgages, rent, loans, repayments, interest or taxes due are payable by individuals or businesses etc for an initial period of 3 months.
Utility bills suspended for 3 months. Water Gas Electricity. Balance to be repaid over a 3 year period.
All non essential businesses to close for 3 months
All staff to be paid via PAYE their average monthly salary over the last 6 months up to a maximum equivalent to double statutory sick pay for 3 months. (Approximately up to £200 a week) Businesses to be repaid by government via PAYE.
Airline pilots and cleaners will receive the same £200 a week to cover food and insurance premiums and will have few other expenses during the 3 month period.
All staff to be given a loan of £500 through PAYE to be repaid through PAYE over a period of 3 years.
Landline calls to be free for 3 months
Free mobile phone calls and texting
Subscription TV channels like Sky to be free for 3 months to everybody but not via internet. (only via freeview, satellite and cable)
Free broadband and mobile data but limited by a weekly cap. Maximum possible without compromising service to essential services and businesses.
National emergency wage of £10 an hour for temporary staff needed to work in essential services like NHS, care homes, food production and distribution.
Hotels and restaurants etc to provide premises and staff, to provided food and accommodation for NHS staff to allow them to work as much as possible and to self isolate from their families if they need to.
Bank of England interest rates are now 0.1%
Government directly or via banks provide loans at 0.1% for 3 years to businesses to facilitate the above
Government to compensate businesses for emergency response costs but not profits of providing these services.

Punitive fines or imprisonment for those who commit crimes during emergency period. Burglary, fraud assault and coercion. e.g. Forcing somebody to pay rent, interest or repayments would result in a fine equal to 10x the money paid

Example. A restaurant with £10k in the bank can close in April. They have no bills to pay for 3 months. Staff are not made redundant. Staff receive enough to buy food and have few other bills to pay. At the end of the 3 months the restaurant still has £10k in the bank to reopen their business.

3 months is just an example and could be extended to any necessary length of time.

Just an idea. If you think it is a good idea please forward this to everybody so it can be discussed further.


DC

[dround87] 20/3/2020 12:44

Oh space! Now you've said it I'm going long. Big Chinese stimulus package plus airline bailout being prepared. My prediction is ftse to brush 5200 and then rise towards close with a 50/50 chance at gapping up or down significantly over the weekend depending on the news. Toss a coin and take your pick. I think this will end in the blue though a long way from your prediction of 179. Terms are sure to be far better than the NZ deal. You're not as wrong as last time though. You're improving!

[montyhedge] 20/3/2020 12:18

I see Daily Mail saying Easyjet asking their staff and pilots to take 3 months unpaid leave, surely they can't do that.

[962962] 20/3/2020 12:13

Monty.Welcome home.
All airlines are brilliant when your desperate,don't recall you singing their praises on your outbound last week.
Bet BA first officer keane nad the other millitant pilots from 6 months ago are all frantically checking the job centre phone numbers,they will be the first out.

[paa65] 20/3/2020 12:11

Don't forget airports too.No point having airlines with no where to land

[careful] 20/3/2020 12:08

We shall all have to carry on normally in the future, get back to work.
Obviously with habits modified, more hand washing, no man hugs, keeping away from people as we would with a cold or flu.

Sensible precautions, but next year HMG should ensure that we have more ventilators, masks, staff facilities so that we can cope.

I personally have told all beautiful young women that they must refrain from hugging and kissing me.
Cruel to be kind.

[montyhedge] 20/3/2020 11:43

Airlines will surely need some kind of bail out, be interesting to see what the advisors to the gov come up with, flew back last night Easyjet, they were brilliant.

[962962] 20/3/2020 11:41

All Boris and the dimwits are doing is following the yanks 90 Minuites later.
Yanks do it at start of day,we do it at end of day.
If Yanks state bail out for airlines etc today,we will follow 90 mins later

[m1k3y1] 20/3/2020 11:11

space......at this stage, you're either in or your out.

[spacedust] 20/3/2020 11:09

big tank down on all stocks after lunchtime today. This has happened every Friday since the beginning of this month. Who wants tohold over the weekend which is a long time for this virus.

[m1k3y1] 20/3/2020 11:09

paa.....I think he has said 12 weeks to give people something to look forward to.
If it gets to week 11 and it looks like it will take longer, he will say so at that time.
Although it is based on countries that are ahead of us , such as China.

[paa65] 20/3/2020 10:57

I think Boris just made up the 12 week thing. Did you notice how when a journalist asked a question about it, Boris answered and the scientists were reluctant to engage.Read that whole BBC piece I just linked to.Says waiting for a vaccine is not a strategy.Trying to suppress it could mean it takes two years for herd immunity to emerge.By which time whole world economy has been crashed.In my opinion,,only option is to let nature take its course. Harsh, but all over in a few months. https://www.bbc.co.uk/news/health-51963486

[m1k3y1] 20/3/2020 10:57

Up......the media have a lot to answer for with regard to stoking up peoples fear of this situation.

[babbler] 20/3/2020 10:45

If a big loan.

[paa65] 20/3/2020 10:35

From the BBC website today." But even if the number of cases starts to fall in the next three months, then we will still be far from the end.It can take a long time for the tide to go out - possibly years.It is clear the current strategy of shutting down large parts of society is not sustainable in the long-term, the social and economic damage would be catastrophic.What countries need is an "exit strategy" - a way of lifting the restrictions and getting back to normal.But the coronavirus is not going to disappear.If you lift the restrictions that are holding the virus back, then cases will inevitably soar."We do have a big problem in what the exit strategy is and how we get out of this," says Mark Woolhouse, a professor of infectious disease epidemiology at the University of Edinburgh."It's not just the UK, no country has an exit strategy." https://www.bbc.co.uk/news/health-51963486

[panshanger1] 20/3/2020 10:29

At a price though and may involve significant dilution for existing shareholders ?

[younasm] 20/3/2020 10:22

There is no trading in FTSE stocks between 10:10am to 10:20am whilst the options settlement prices are fixed

[smithys2019] 20/3/2020 10:19

Younasm, can you explain

[smithys2019] 20/3/2020 10:18

Someone is filling their boots today.

[loganair] 20/3/2020 09:41

The White House are asking the states not to release their latest figures for initial jobless claims.

[babbler] 20/3/2020 09:39

And? Does it mention iag?

[loganair] 20/3/2020 09:38

Being reported that in the Unites States next weeks new claims for unemployment will be the highest on record at over 2 million.


Also being reported if the situation doesn't get any worse in Germany then the German GDP will fall by 2% for the year while Italy's GDP may fall as much as 15% for the year.

[babbler] 20/3/2020 09:33

More than priced in don't you think? And the point is governments will help them. Can you imagine no airlines existing? No me either...