I wonder if all the anti Tory/Bojo critics...

...would like to reconsider their comments regarding Johnson allegedly 'protecting Insurance companies at the expense of small businesses...

https://www.bbc.co.uk/news/business-51927500

As had already be pointed out for anyone who was prepared to listen -most business insurances do not cover Covid19. In fact nether do many holiday insurance policies which only cover disease outbreaks specifically listed at the time the insurance was taken out .

I see none of the usual suspects on here rushing to comment on the £330 billion (15% of UK GDP) being allocated to help, among others, small businesses with moremoney promised if needed, After having said the Cons dont give a sh*t about them . Corbyn and McDonnell merely make endless criticisms of Govt policy whilst 70 year old Corbyn sets a bad example by saying he will ignore the 'stay home' recommendation at a time when we should all be pulling together.

EDIT: https://www.spectator.co.uk/article/corbyn-should-be-ashamed-of-his-coronavirus-point-scoring

 

Wish Johnson would lead by example by staying home and shutting up. Itll do us all a favour too

 

Arent holidays covered by atol? Not sure if flights only are but pretty sure holidays will be

 

The press conference was laughable though. You had the Science Guy on one side, the Finance Guy on the other side. Then you had Penny For The Guy in the middle, trying to make jokes and dodge questions about his dad.

He's a complete arse.

 

A lot of people have been trying to shout down criticism of the Tory government's lamentable and lackadaisical handling of the coronavirus crisis by spewing "don't politicise the crisis" faux outrage at anyone who dares to question or critique how their beloved Tory lords and masters have fared so far.

The glaring problem with this "don't politicise" faux outrage tactic is that the Tories stand brazenly guilty of politicising the issue themselves by structuring their £330 billion rescue package in order to protect capital, rather than people.

Just look at who the measures are designed to help the most.

It's all aimed at helping those with capital and assets isn't it? With literally naff all for Britain's 5 million private renters, or for the millions of low income workers who are one lost paycheck away from financial disaster.

I'm obviously not saying there should be no support for vital sectors of the economy, business owners, or homeowners - there obviously should be. Nobody wants core industries to collapse, small businesses to fold, or for ordinary people to lose their homes.

But by outright ignoring the plight of the millions without capital or assets, the Tories have made it crystal clear that they've structured their rescue plan to prop up capital as their absolute priority, without even an afterthought for the plight of ordinary people who are not capital and/or asset rich.

Other countries across Europe have announced measures to help private renters and low-income workers (rent holidays, utility bill cancellations, and decent levels of layoff pay) so in deciding not to offer measures like this, and to target their rescue package exclusively at capital and asset holders, the Tories have made a deliberate and quite ridiculously brazen decision to politicise the crisis.

The Tories are the ones playing politics with the issue by deliberately prioritising capital over people, but this won't stop their army of Tory bootlickers using this "don't politicise the crisis" faux outrage tactic to try to shut down any semblance of critique or analysis of how the Tories are demonstrably politicising the crisis themselves!

 

Bravo, bravo.

 

Remember the financial crisis? Remember Gordon Brown being slaughtered for borrowing 'obscene' amounts of money to prop up the banks and rescue our economy at a time of national emergency (action for which he was lauded internationally)? And ever since the Labour Party being derided as fiscally and financially irresponsible by the Tory Party and its press lapdogs?Who was doing the politicising then?

Well now its the Tories who find themselves in the same situation and guess what? Not a peep about the amount they're borrowing or where its likely to leave us.

And no I'm not in any way decrying what they're doing. I just note the hypocrisy.

 

No the policies won’t specifically include Covid-19, but they do include business interruption, which would qualify a claim had the govt decreed that said businesses must close.

Also the £330 billion is predominantly in the form of loans, so the headlines, as always, are a little disingenuous.

 

I'm a small family business owner of a company that is quickly running out of money because of the impact the virus is having on our business. I've had £25,000 in cancellations within the last 2 days. My/our immediate dilemma is either to close our business or alternatively to borrow a fraction of the 330b the chancellor is lending at a 'favourable' return, so basically getting a loan . Our staff simply want job security and a wage, rightfully so . We're at the sharp end of this **** and it is simply awful.

 

To be fair they are mainly loans rather than a generous splurge. I also don't see you rushing to comment on how Boris wasted several days pursuing a policy of essentially doing nothing in the name of "herd immunity" only to reverse it.

 

There, that’s the answer.

 

But a lot presumably wont get paid back.

 

Really tough times, and the smaller the business the closer you are to the impact the business failing has on the staff.

 

I've heard alot of tradesmen are having jobs cancel working in the domestic sector and sites could shut if the country goes into lockdown, not good for construction either.

 

I am in the same boat, As things stand my profitable business that was paying corporation tax & employing 15 subcontractors has 3 months till I go out of business. Zero help, other than the option of taking out a loan i won't be able to repay. ******* brilliant.

 

@Tekkytyke ......you did ask

 

To be honest a loan really really won't help the business I work for who the Tory government have just hit with an additional 45 grand wage bill by putting the minimum wage up 2 to 3 times the rate of inflation. A wage rise that they aren't postponing even in the face of businesses having to close the doors.

Costs for us are roughly £60,000 a day so if forced to close you can imagine how big the loan would have to be and how that would simply cripple the business putting 40 odd local people out of work. The funding should be in the form of grants not loans or to be perfectly honest, in the form of wages being paid by the government

Let's face it, Boris claims that we will save £350m a week by leaving the EU so why not just pretend we left a month later and use that 1.4 BILLION pound he claims to have at his disposal into propping up businesses instead of just a quarter of it lending money to them.

 

Predictions tonight that Western economies are facing a 15% fall in GDP *in the next quarter*. This is double the Great Depression and about 8 times worse than the Credit Crunch.

 

I’ve no idea on this, but does the business interruption cover come as standard? If not would many businesses have taken this extra out?

Reason I ask is that with travel insurance trip disruption is extra.