Arnold_Lane   0 #97 Posted June 18, 2020 (edited) 35 minutes ago, poppet2 said: Oh yeah, now who's talking rubbish? So why has it just been announced this evening that the bank of England is going to pump a hundred billion into the economy. In other words they are going to print money, even if technically some of this money will digitally be pumped into the economy. It was only a matter of time. I rest my case. https://www.theguardian.com/business/2020/jun/18/bank-of-england-uk-economy-quantitative-easing-coronavirus-crisis  QE is not the same as a dictator simply printing money to buy arms.  Edited June 18, 2020 by Arnold_Lane Share this post Link to post Share on other sites Share this content via...
El Cid   212 #98 Posted July 12, 2020 Primark said it will not take advantage of a £30m bonus from the government. I dont understand, companies are struggling to stay in profit and Primark are not taking £30 million Government handout. They are keeping their employees, but not taking the Government money?  https://www.bbc.co.uk/news/business-53380719 Share this post Link to post Share on other sites Share this content via...
Arnold_Lane   0 #99 Posted July 12, 2020 4 minutes ago, El Cid said: Primark said it will not take advantage of a £30m bonus from the government. I dont understand, companies are struggling to stay in profit and Primark are not taking £30 million Government handout. They are keeping their employees, but not taking the Government money?  https://www.bbc.co.uk/news/business-53380719 What don’t you understand about it?  They can get a £1000 bonus for every member of staff brought back from furlough - but they have said they won’t claim it.  Pretty simple. Share this post Link to post Share on other sites Share this content via...
El Cid   212 #100 Posted July 12, 2020 18 minutes ago, Arnold_Lane said: They can get a £1000 bonus for every member of staff brought back from furlough - but they have said they won’t claim it.  Pretty simple. Wouldnt a company have a duty to its share holders to gain what ever profits it can, so why are they not claiming £1,000 per employee? Is there something wrong with the scheme? Share this post Link to post Share on other sites Share this content via...
drolnhoj   15 #101 Posted July 12, 2020 34 minutes ago, El Cid said: Wouldnt a company have a duty to its share holders to gain what ever profits it can, so why are they not claiming £1,000 per employee? Is there something wrong with the scheme? Big thumbs up from me to Primark. Share this post Link to post Share on other sites Share this content via...
altus   534 #102 Posted July 12, 2020 40 minutes ago, El Cid said: Wouldnt a company have a duty to its share holders to gain what ever profits it can, so why are they not claiming £1,000 per employee? Is there something wrong with the scheme? They have to keep their employees on for a certain time to get the money. The cynic in me says they want to keep the option open to get rid of them.  Of course, they might have just calculated that the good publicity they will get from this announcement will more than make up the difference. Share this post Link to post Share on other sites Share this content via...
El Cid   212 #103 Posted July 12, 2020 1 hour ago, altus said: They have to keep their employees on for a certain time to get the money. The cynic in me says they want to keep the option open to get rid of them. Of course, they might have just calculated that the good publicity they will get from this announcement will more than make up the difference. Surely its per employee. So if they keep 20,000 staff, they get £20 million? 1 hour ago, drolnhoj said: Big thumbs up from me to Primark. Indeed, but if you prefer the goods from another retailer, Primark are £20/£30 million down. Share this post Link to post Share on other sites Share this content via...
altus   534 #104 Posted July 12, 2020 6 minutes ago, El Cid said: Surely its per employee. So if they keep 20,000 staff, they get £20 million? Well yes, but keeping someone on for 3 months in order to get £1000 may not be worth it for the company. Share this post Link to post Share on other sites Share this content via...
Guest   #105 Posted August 12, 2020 https://www.bbc.co.uk/news/amp/business-53748278  UK officially in recession. Share this post Link to post Share on other sites Share this content via...
apelike   10 #106 Posted August 12, 2020 3 hours ago, Mr Fisk said: https://www.bbc.co.uk/news/amp/business-53748278  UK officially in recession. I think we should also expect other countries in the EU and around the World to do likewise or worse also due to coronavirus. Share this post Link to post Share on other sites Share this content via...
tinfoilhat   11 #107 Posted August 12, 2020 3 minutes ago, apelike said: I think we should also expect other countries in the EU and around the World to do likewise or worse also due to coronavirus. We're the worst out of the G7. Share this post Link to post Share on other sites Share this content via...
apelike   10 #108 Posted August 12, 2020 (edited) 5 minutes ago, tinfoilhat said: We're the worst out of the G7. At the moment maybe, and as its early days yet I would expect more to follow as the current situation is not going to suddenly disappear. Give it another 6 months and see how France, Germany and the USA fair. Edited August 12, 2020 by apelike Share this post Link to post Share on other sites Share this content via...