£500 voucher for retail and hospitality

[Safc88]

2 jackets would do nicely

 

[Hot Since 82]

The resolution foundation thought up the idea but the news has made it appear like it's a real government thing. I would be very surprised if people get £500.

Actually mate I think it was an Australian economist who had the original idea back in 2008, rather than quantative easing where the banks got the money to prop there balance sheets up. Can't recall the blokes name, got laughed out of town but now it's widely accepted as a much better stimulus.

 

[california_surf]

Actually mate I think it was an Australian economist who had the original idea back in 2008, rather than quantative easing where the banks got the money to prop there balance sheets up. Can't recall the blokes name, got laughed out of town but now it's widely accepted as a much better stimulus.

No I meant that they suggested the idea of the £500 to the media not that they were the first ones ever to think of it.

 

[Old Prestonian]

How many pints could you get in Sinatras with £500?

 

[MalcolmX]

How many pints could you get in Sinatras with £500?

are you asking for a friend ?

 

[Old Prestonian]

are you asking for a friend ?

I was just wondering how many days of drinking it would cover for a friend

 

[herra soul mob]

How many pints could you get in Sinatras with £500?

you could probably buy sinatras

 

[scraff]

Actually mate I think it was an Australian economist who had the original idea back in 2008, rather than quantative easing where the banks got the money to prop there balance sheets up. Can't recall the blokes name, got laughed out of town but now it's widely accepted as a much better stimulus.

Steve Keen

 

[The Cheat]

This energy saving thing just insulation, or could it cover stuff like solar panels?

 

[MalcolmX]

It's not happening is it

 

[Old Prestonian]

It's not happening is it

If it has happening, Rishi will anounce it later today as part of the measures to boost the economy. More likely to be a VAT cut for the hospitality sector though.

 

[MalcolmX]

If it has happening, Rishi will anounce it later today as part of the measures to boost the economy. More likely to be a VAT cut for the hospitality sector though.

Yes just seen.. Mini budget today.. That's my thinking as well..

 

[offmenut]

Don't understand why we just don't do a universal credit payment

As lots of folk will keep the money and not spend it.
A UBI is the future though.

If it has happening, Rishi will anounce it later today as part of the measures to boost the economy. More likely to be a VAT cut for the hospitality sector though.

Not happening.
Vat cut for that sector to 5% and a discount on eating out in August on a Monday Tuesday or Wednesday for 50% off a bill up to a tenner PP

No stamp duty on houses under 500k will really help that market.

Wonder if Barratt had a hand in this with their repayment of the furlough money...

 

[janey]

As lots of folk will keep the money and not spend it.

Not happening.
Vat cut for that sector to 5% and a discount on eating out in August on a Monday Tuesday or Wednesday for 50% off a bill up to a tenner PP

Was going to be vouchers but not happening anyway.

 

[bobster999]

sounds good to me. im a bit puzzled by 50% off but then up to a maximum of £10 per person though.

https://www.facebook.com/mrmartinlewis/posts/10157007906056540

 

[Old Prestonian]

As lots of folk will keep the money and not spend it.
A UBI is the future though.

Not happening.
Vat cut for that sector to 5% and a discount on eating out in August on a Monday Tuesday or Wednesday for 50% off a bill up to a tenner PP

No stamp duty on houses under 500k will really help that market.

Wonder if Barratt had a hand in this with their repayment of the furlough money...

The VAT cut for the hospitality sector makes a lot of sense but I didn’t expect it to go so low. I look forward to seeing where you can spend the food vouchers as I think that it will be quite restrictive.

 

[offmenut]

The VAT cut for the hospitality sector makes a lot of sense but I didn’t expect it to go so low. I look forward to seeing where you can spend the food vouchers as I think that it will be quite restrictive.

You were right in what you thought though!
I was hoping for the cash to spend.
I'm doubtful on the success of the 50% off scheme. Lots of places do those sorts of discounts on Monday-wed anyway.

 

[the dude]

As lots of folk will keep the money and not spend it.
A UBI is the future though.

Not happening.
Vat cut for that sector to 5% and a discount on eating out in August on a Monday Tuesday or Wednesday for 50% off a bill up to a tenner PP

No stamp duty on houses under 500k will really help that market.

Wonder if Barratt had a hand in this with their repayment of the furlough money...

So can someone explain this vat cut. Are they expected to charge less and pay less vat or will the prices stay the same but the business gets more of the cash?

 

[PTR]

5% cut in VAT announced instead.

So can someone explain this vat cut. Are they expected to charge less and pay less vat or will the prices stay the same but the business gets more of the cash?

I think that's exactly what we can expect to see.

 

[West_Winger]

So can someone explain this vat cut. Are they expected to charge less and pay less vat or will the prices stay the same but the business gets more of the cash?

The idea will be that there’ll be price cuts to help consumers but in reality the businesses will keep it and prices won’t go down at all imo.