Biffer wrote: ↑Wed Jul 08, 2020 2:20 pm
So the UK 'stimulus' plan is
1 Cut VAT for hospitality
2 Give firms a grand for each person the wait three months before laying off
3 50% of eating out Monday-Wednesday in August so long as your meal is less than £20
4 Subsidise youth employment in low wage jobs
5 Stamp duty holiday on properties less than £500k
6 Vouchers for energy saving home improvements
7 New traineeships for young people
8 The previously announced loans and grants for arts and heritage
1,3 basically assume people are willing to change their risk exposure for a few quid off a pizza. It's remarkably dumb but lets them blame the general public again.
2 just delays the redundancies
4 keeps the poor down and is basically the same thing they abolished when they got into power after the financial crisis
5 is a sweetener for the middle classes which will encourage more buy to let purchase
6 will only practically be used by middle class house owner, not really possible for people in flats to get the most out of it
7 ok fair enough
8 ok fair enough
Who'd have thought this shower would introduce something that kicks the can down the road - how far down the road? Just long enough so that the impact can be blamed on the dastardly Europeans for not giving us all the candy in a trade deal.
Transparent shower of cunts.
Or you could look at it another way
1&3 will help drive some additional money through hospitality, hopefully retaining jobs and that sector drives massive multipliers for the economy
2 - Similar to above - keep people in jobs, and keep them padi means more income, = more expenditure
4 - As with 2
5 - I agree with you to an extent, but property sales/purchases drives furniture and lots of pro services
6 - The point is less about insulating homes, and more about driving employment - this type of work is very labour intensive
It's not an outstanding stimulus package, but it;s certain;y not a pile of rubbish