O/T CV19 could save the government a fortune

[ex_pat_magpie]

Nothing to do with which ever political party is in government

Just looking at the savings in paying out retirement pension assuming the final death rate is about 40,000 then at £175 per week that is an annual figure of £364 Billion every coming year.

I find that frightening.

[sherwoodmag]

A lot of them were old and had another illness and would have died shortly anyway,if anything the country will be poorer after this and it was just getting back on its feet.

The government is shelling out millions bailing out people who can't work during this crises and a lot of businesses will have to be bailed out also.

[Sickas]

I’d suggest you redo your maths and then workout the difference between £364 million and billion.

Factoring in a lot of those 40,000 are still taxpayers, the cost to the treasury to bail the country out with furlough, interest free loans and grants. Then also how much tax revenue will be lost over the next tax five years while things return to normal , I don’t think any government will be dishing out high fives over a pandemic not only killing its population but decimating the economy. Do you ?

[Sclox]

Nothing to do with which ever political party is in government

Just looking at the savings in paying out retirement pension assuming the final death rate is about 40,000 then at £175 per week that is an annual figure of £364 Billion every coming year.

I find that frightening.

I had the same thought a few weeks ago funny enough.

Its a pretty penny saved per year every year going forward on pensions thats for sure. Something like 300 million if basic pension is about 135 quid a week. Plus other costs to the government on top.

[Sclox]

I’d suggest you redo your maths and then workout the difference between £364 million and billion.

Factoring in a lot of those 40,000 are still taxpayers, the cost to the treasury to bail the country out with furlough, interest free loans and grants. Then also how much tax revenue will be lost over the next tax five years while things return to normal , I don’t think any government will be dishing out high fives over a pandemic not only killing its population but decimating the economy. Do you ?

True enough Sickas, not all were old and many still contributing. The furlough is just temporary though, pension savings are forever. The government just does what always did - borrow from itself with imaginary money.

[Sclox]

Makes you wonder if the chinks have declared war.

You've heard of Thucydides's trap

[toonlegend]

Nothing to do with which ever political party is in government

Just looking at the savings in paying out retirement pension assuming the final death rate is about 40,000 then at £175 per week that is an annual figure of £364 Billion every coming year.

I find that frightening.

wish I got £175 a week pension....... no where near it

[ex_pat_magpie]

wish I got £175 a week pension....... no where near it

I didn't think you were old enough for the new retirement age June

[BenArfa10]

With this Govt, we'll probably pay for all this with more austerity.

[Sickas]

With this Govt, we'll probably pay for all this with more austerity.

Other than higher taxes. How else do you pay for it?

Imagine Corbyn was elected. He couldn’t even say whether he was leave or remain, what would he have done through this pandemic, been an honest broker?

Pandemic was sweeping the country and he was standing in parliament going on about domestic violence.