Should have qualified that
I think there are many people (not just on here) who think the furlough scheme will cover everything until we gain some sense of normality.
comment by Hector (U3606)
posted 14 hours, 9 minutes ago
Prince Phillip dead
Building site closures
Tim Martin Knighthood
----------------------------------------------------------------------
Prince Philip to present Top Gear
Building sites to construct affordable housing
Tim Martin to be made into Wetherburgers
comment by rosso is done with this (U17054)
posted 4 minutes ago
comment by Hector (U3606)
posted 14 hours, 9 minutes ago
Prince Phillip dead
Building site closures
Tim Martin Knighthood
----------------------------------------------------------------------
Prince Philip to present Top Gear
Building sites to construct affordable housing
Tim Martin to be made into Wetherburgers
----------------------------------------------------------------------
Call me cynical; but.....
Reliable source (we use them so make your own minds up) that the furlough funding isn’t paid by the government directly but through a funding agent. Before last night’s announcement they believed the weekly bill for this was in the region of £29m.
Here’s the sticky part. They haven’t anything near the headroom for that. Nowhere near it. Go to the banks I hear you cry. Well, the banks want personal guarantee from the funding agent plus all their usual fees, charges and interest. Government won’t pay that.
Hence two reasons behind the expected June payout from the government. They now know this so realise their payments won’t arrive to companies who need the money until May at the earliest while they sort this out.
As such many business have to fund this themselves and simply can’t. They run out of cash meantime. Inevitably this goes on and they have no option but to lay staff off. Now here’s the other bit for self employed about no payment until June. They want to keep construction going so they now have a position where the self employed have to return to work sooner than later and the large main contractors are being urged to use the next two weeks to change their working practices to have safe sites. They hope to be up and running in 10 days time again.
Make of it what you will and remember this is just passed on in good faith .
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posted on 27/3/20
Should have qualified that
I think there are many people (not just on here) who think the furlough scheme will cover everything until we gain some sense of normality.
posted on 27/3/20
comment by Hector (U3606)
posted 14 hours, 9 minutes ago
Prince Phillip dead
Building site closures
Tim Martin Knighthood
----------------------------------------------------------------------
Prince Philip to present Top Gear
Building sites to construct affordable housing
Tim Martin to be made into Wetherburgers
posted on 27/3/20
comment by rosso is done with this (U17054)
posted 4 minutes ago
comment by Hector (U3606)
posted 14 hours, 9 minutes ago
Prince Phillip dead
Building site closures
Tim Martin Knighthood
----------------------------------------------------------------------
Prince Philip to present Top Gear
Building sites to construct affordable housing
Tim Martin to be made into Wetherburgers
----------------------------------------------------------------------
Call me cynical; but.....
Reliable source (we use them so make your own minds up) that the furlough funding isn’t paid by the government directly but through a funding agent. Before last night’s announcement they believed the weekly bill for this was in the region of £29m.
Here’s the sticky part. They haven’t anything near the headroom for that. Nowhere near it. Go to the banks I hear you cry. Well, the banks want personal guarantee from the funding agent plus all their usual fees, charges and interest. Government won’t pay that.
Hence two reasons behind the expected June payout from the government. They now know this so realise their payments won’t arrive to companies who need the money until May at the earliest while they sort this out.
As such many business have to fund this themselves and simply can’t. They run out of cash meantime. Inevitably this goes on and they have no option but to lay staff off. Now here’s the other bit for self employed about no payment until June. They want to keep construction going so they now have a position where the self employed have to return to work sooner than later and the large main contractors are being urged to use the next two weeks to change their working practices to have safe sites. They hope to be up and running in 10 days time again.
Make of it what you will and remember this is just passed on in good faith .
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