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Community Forums / The Lounge / Re: COVID19
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on: April 01, 2020, 10:16:05 AM
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According to the gov site application process for employers to claim on the furlough scheme won’t be available until at least the end of April.. why ? The infrastructure is there.. you have to have paye scheme in place and the employees registered to it. Why such a delay?.. a deliberate tactic so that companies who do not have the liquidity to carry the costs of keeping staff on will go out of business and thus not be able to claim.. I know they say about temp loans but you have to go through an application process and they still want security such as property
They always said end of April. HMRC are the spowest. Reversing their infrastructure to dish out this kind of money isn't going to be simple. The loans are a lot slower than I initially expected, and I'm sure that is going to be a huge problem for lots of people. Not sure I have an issue with them looking for security though, it's pretty standard and I believe they have to justify any unsecured amounts over 250k to the government. I think it'll put loads through and that will have a huge knock on effect on the supply chain. We're in a very strong cash position at the moment for a Company of our size but it's not going to be easy even for us. We don't have too many employees but having run the first payroll with furlough included I'm looking at around £7500 per week going out with zero chance of anything coming back for 6 weeks. £45k of cash flow is tough in our position so I'm sure other Companies will have an absolute nightmare. It's great news for me if the cut off for justification is £250k as that's well over any amount I'd want to borrow. If I can just get enough to cover the wage bill that would do so going on what you've said I might just get the application in now and be done with it. Applied online for the loan...they said wait for a call back within 2 to 5 days. Our business hasn't needed financial help in 18 years of trading and we are looking well under 100k. I remember been offered/emailed 50k last year in a pre approved loan....so it will be interesting how easy this process will be now. "Luckily" our weekly wages are about 2k so we can cope to the end of April. As it stands we dont qualify for the business rate holiday or grant, and that costs us about 40k , so a loan is going to be vital.
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Community Forums / The Lounge / Re: COVID19
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on: March 31, 2020, 06:09:02 PM
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Interesting, saying 1/2 to 2/3 would have died this year anyway. So an approx excess of 8,000... similar to Flu.
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Community Forums / Betting Tips and Sport Discussion / Re: What sport or single sporting event are you missing or likely to miss the most?
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on: March 30, 2020, 08:40:33 PM
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Greyhound racing. There is absolutely no reason why this couldn't keep going behind closed doors. There would be less than 50 people at the track. Social distancing isn't remotely a problem. No human would have to go without 2 metres of each other throughout the entire meeting. No jockeys racing like on the horses.
Likewise we could start the Cricket County Championship in April, with the usual 2 men and their dog in the crowd. One day field spread out. (Obviously no standing up for the wicketkeeper ) Non striking batsman runs on the next strip. Umpires stand back from the wicket, as bowlers bowl from an angle.
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Community Forums / The Lounge / Re: COVID19
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on: March 29, 2020, 10:13:45 PM
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My old man has been rough for a couple months, and tried getting a procedure done privately last week when the NHS said it would be a 3 week wait. They couldn't even do that, as been instructed at the private clinic down here to stop taking cases. Then it got really bad on Friday, so he called Dr and they too him off in ambo. Done a lot of scans/biopsies and looks like he has ulcerative colitis. Was in with one other bloke in a 6 bay room, and this other bloke develops a fever, so now the old man is in isolation until this other blokes tests come back. Couldn't make it up, he's not even allowed to use the showers, and has to wash in his room etc. He's loving the oromorph, though Nightmare....best of luck to him.
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