It seems S/E is being looked at.
The issue they've got with payments is they're trying to use existing systems, so amongst other things they know they're paying to genuine people and not scammers, who will of course be out in their thousands.
The U.S plan of sending a cheque for every household for $1500 or so doesn't seem a good idea when all the Millionaires and Billionaires will also get them.
What is the likely ratio of Millionaires and Billionaires to ordinary Joes?
And what will this translate to in terms of the percentage of the total funds distributed?
I reckon it will be quite small and therefore does not justify the administrative overhead of trying to confirm the financial status of each citizen before sending out the cheques.
Remember, they would have to check the status of every single person, not just the Millionaires and Billionaires, so the cost would be enormous and likely dwarf any saving that might be made by identifying those subsequently judged to be not worthy.
[automerge]1584991721[/automerge]
Yes, it's not quite as good as it seems though.
They've banned evictions for 3 months, but after 3 months they can evict you if you failed to pay your rent during those 3 months.
They have urged landlords to be lenient and allow tenants to pay the missed rent once the crisis is over. So as work is slowly picking up again after this crisis those of us who rent will need to be earning more than ever to pay back the missed rent.
[automerge]1584884804[/automerge]
I'm sure i'm not the only self employed person who has thought about this, supermarkets etc are on a bit of a recruitment drive, they need staff in all departments at the moment. The income would be enough to keep the wolf from the door,
It makes me wish id taken the opportunity to get an HGV licence a couple of years ago, i'd be happy to spend the next few weeks driving trucks of food around.
I couldn't do a public-facing job, not because I fear catching the disease but because I just don't have the temperament for it.
Yes, technically the ban on evictions is strictly limited but I bet it will get extended as and when it becomes clear that the crisis is going to last longer.
Also, believe it or not, landlords REALLY don't like to evict. It is very stressful for all concerned, invariably costs a great deal and takes a long time to actually achieve.
And in the current climate the chances of finding a new tenant are seriously reduced.
if you are a good tenant apart from diffuclties with the rent during the current crisis then a landlord would have to be insane to evict.
[automerge]1584991851[/automerge]
Its a good idea, but as with any plan it has it's issues.
Where does the money come from and does it have to be paid back?
It will simply be printed. Period.
(Oh to possess a printing press like one of those government ones...)
[automerge]1584992707[/automerge]
Seemingly pandemics are generally specifically excluded from them, and for those that don't exclude it Covid-19 isn't listed as it's too new. So generally speaking insurance won't cover it.
Got an email from Nationwide this morning - paraphrasing:
We will not be paying out any insurance claims for Corvid related claims from 23/3/20 as insurance is to cover the risk of the unexpected and since the virus is now a clear reality it can no longer be considered as unexpected.
IOW, FOAD (probably somewhat more literally than usual as far as this acrynym typically goes!)
