04-09-2020, 09:49 PM
51
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by AnnieS
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A very old fashioned view. Our societies are far more sophisticated. Intangibles have great value in the modern world.
04-09-2020, 09:51 PM
52
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by The Artful Todger
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So does a balanced economy and very carefully managed national debt that has an ongoing mean value of zero. It can be done, there's a few countries who are doing just that very successfully.
04-09-2020, 09:59 PM
53
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by AnnieS
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Which countries?
04-09-2020, 10:10 PM
54
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by The Artful Todger
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Russia and Switzerland are doing rather well on the global scale, Switzerland actually has a surplus.
04-09-2020, 10:13 PM
55
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by AnnieS
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Ok, are there any countries that are more comparable with the UK and fit into your success story?
04-09-2020, 11:37 PM
56
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by The Artful Todger
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I doubt it. The UK is in deep --- sweet violets.
Russia as a successful economy? Considering their vast resources I would say it's a real tragedy.
I don't rate your examples. We have our own excellent competitive advantages. It's not a good time for any country and we have done our best to try to use our available resources to steer through. Our main weakness is brushing problems under the carpet.
I was surprised that HS2 is still going ahead. Apparently down to job creation.
05-09-2020, 10:28 AM
57
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by AnnieS
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I don't agree. We will certainly never be Switzerland (who will?! who wants to be??). Can you seriously see us having a national crisis here because a train is one minute late? That sums up the economic and working culture of Switzerland.Russia as a successful economy? Considering their vast resources I would say it's a real tragedy.
I don't rate your examples. We have our own excellent competitive advantages. It's not a good time for any country and we have done our best to try to use our available resources to steer through. Our main weakness is brushing problems under the carpet.
I was surprised that HS2 is still going ahead. Apparently down to job creation.
05-09-2020, 03:20 PM
58
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by The Artful Todger
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Successive Socialist governments and Socialist legislation has broken the UK. It has been the cause of destruction of the manufacturing industries and creating a standard of living that is unaffordable. Available resources come from invisible exports and ever increasing issue of Gilts.
Our manufacturing sector was inefficient and expensive. That's why it could not compete. There is a severe lack of strategic thinking in British business. The pandemic is forcing businesses to rethink and cut out deadwood. But when we have business as usual there is a lazy and complacent attitude.
But we do have the infrastructures and that is what the furlough was protecting. It would cost a great deal more than what's been spent to rebuild from scratch.
05-09-2020, 03:35 PM
59
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by AnnieS
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Switzerland is 70% reliant on financial services. Our manufacturing sector was inefficient and expensive. That's why it could not compete. There is a severe lack of strategic thinking in British business. The pandemic is forcing businesses to rethink and cut out deadwood. But when we have business as usual there is a lazy and complacent attitude.
But we do have the infrastructures and that is what the furlough was protecting. It would cost a great deal more than what's been spent to rebuild from scratch.
What will emerge to become the new normal will be hugely different to what was so attempting to featherbed what was is a waste of money.
Forget furlough - that was / is a terrible if well intentioned mistake. Mass layoffs with means tested Benefits was the way to have gone and should've taking place now
05-09-2020, 09:14 PM
60
Re: Coronoavirus: Furlough Wind Down Starts
Originally Posted by The Artful Todger
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Our manufacturing sector certainly was inefficient and expensive precisely because of unions and Socialist legislation.What will emerge to become the new normal will be hugely different to what was so attempting to featherbed what was is a waste of money.
Forget furlough - that was / is a terrible if well intentioned mistake. Mass layoffs with means tested Benefits was the way to have gone and should've taking place now
Many businesses will be unchanged in structure post Covid. Furlough has helped keep them solvent. That is as I said cheaper than building up businesses from scratch.
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