Petefella Posted December 20, 2021 Share Posted December 20, 2021 Just now, The Voice of Reason said: I assume when you took out the loan it was on the clear understanding (as set out in the legal agreement) that it had to be repaid. As the old adage goes “Don’t sign anything you don’t understand “ No when I took out the loan it was clear it was 80% government backed and that it was credit scored on the back of them covering the loan if it went wrong not my business. Additionally I wouldn’t have needed to borrow the money if government hadn’t shut my business down for 6 months. As I’m sure you might understand. If a business has no assets it can’t repay a business loan and so the guarantor pick up the tab. Just like the taxpayer did for £400 million of MUA debt, and £70 million for Liverpool. £25k is buttons really. 2 Quote Link to comment Share on other sites More sharing options...
thommo2010 Posted December 20, 2021 Share Posted December 20, 2021 16 minutes ago, The Voice of Reason said: I think you’re right there Rox. This guy is pissed off in the situation he finds himself ( who wouldn’t be) but he’s lashing out at all and sundry. The Government is not responsible for COVID, it’s not even responsible for the economic damage it has inflicted. It has a responsibility to its citizens to protect them as best it can. If that means restrictions, lockdowns etc so be it, which will of course impact upon businesses. They have introduced a series of measures to mitigate the economic effects to business but there is no bottomless pit of money. Who would have envisaged a situation where Government were paying most of the wages of people employed in private businesses? It’s a very delicate balance to keep the economy going whilst looking after the public purse. The Government get very little praise when things are going well ( eg the zero tax regime) The government is responsible for the economic mess as its their rules that forced people to stop working. 2 1 Quote Link to comment Share on other sites More sharing options...
The Old Git Posted December 20, 2021 Share Posted December 20, 2021 9 minutes ago, The Voice of Reason said: I assume when you took out the loan it was on the clear understanding (as set out in the legal agreement) that it had to be repaid. Was the loan to the business or the individual? Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted December 20, 2021 Share Posted December 20, 2021 5 minutes ago, thommo2010 said: The government is responsible for the economic mess as its their rules that forced people to stop working. Yes their rules that prevented more people from falling ill and in all probability, dying. The economic mess was an unavoidable consequence of that. 1 2 1 Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted December 20, 2021 Share Posted December 20, 2021 10 minutes ago, Petefella said: No when I took out the loan it was clear it was 80% government backed and that it was credit scored on the back of them covering the loan if it went wrong not my business. Additionally I wouldn’t have needed to borrow the money if government hadn’t shut my business down for 6 months. As I’m sure you might understand. If a business has no assets it can’t repay a business loan and so the guarantor pick up the tab. Just like the taxpayer did for £400 million of MUA debt, and £70 million for Liverpool. £25k is buttons really. OK if the Government ( the taxpayer) has to bear 80 % of any default as you say who am I to argue? As to the other 20 %, who is responsible for that? The Government didn’t shut down your business for six months because they didn’t like you. It was part of a policy to deal with the fatal COVID pandemic. You may say that 25k is buttons. But would you say that if someone had cheated the benefits system out of that amount? 2 1 Quote Link to comment Share on other sites More sharing options...
James Blonde Posted December 20, 2021 Share Posted December 20, 2021 6 minutes ago, The Voice of Reason said: You may say that 25k is buttons. But would you say that if someone had cheated the benefits system out of that amount? Most MHKs extract almost three times that amount in a single year... Quote Link to comment Share on other sites More sharing options...
thommo2010 Posted December 20, 2021 Share Posted December 20, 2021 16 minutes ago, The Voice of Reason said: Yes their rules that prevented more people from falling ill and in all probability, dying. The economic mess was an unavoidable consequence of that. So you agree it was the government's rules that caused the economic mess 1 Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted December 20, 2021 Share Posted December 20, 2021 Just now, James Blonde said: Most MHKs extract almost three times that amount in a single year... It’s their salary. It’s transparent and open. A lot of people are paid more for less responsibility. Your point is? Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted December 20, 2021 Share Posted December 20, 2021 2 minutes ago, thommo2010 said: So you agree it was the government's rules that caused the economic mess You can’t make an omelette without breaking eggs. Quote Link to comment Share on other sites More sharing options...
James Blonde Posted December 20, 2021 Share Posted December 20, 2021 1 minute ago, The Voice of Reason said: It’s their salary. It’s transparent and open. A lot of people are paid more for less responsibility. Your point is? You made a point about people scamming the system. There are some that people would consider to be scamming a wage... Quote Link to comment Share on other sites More sharing options...
Petefella Posted December 20, 2021 Share Posted December 20, 2021 6 minutes ago, The Voice of Reason said: OK if the Government ( the taxpayer) has to bear 80 % of any default as you say who am I to argue? You’re not quite understanding all this. Government has been dropping its own mega (hundreds of millions) loses onto the taxpayer for decades. Government did shut down peoples businesses. Government offered them loans to survive because they shut them down otherwise there would have been riots as people would have gone bust 2 years ago. Now those loans are going to be defaulted on by a lot of businesses that are still going to go under. Because the money should never have been loaned in the first place. Because the only reason that businesses needed the money was because government had shut them down. 1 Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted December 20, 2021 Share Posted December 20, 2021 Just now, James Blonde said: You made a point about people scamming the system. There are some that people would consider to be scamming a wage... Some maybe but not me Quote Link to comment Share on other sites More sharing options...
Petefella Posted December 20, 2021 Share Posted December 20, 2021 2 minutes ago, The Voice of Reason said: You can’t make an omelette without breaking eggs. And yet that same argument didn’t translate to walking away from the public sector pension debt. There would be a few eggs worth breaking in a similar mound. Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted December 20, 2021 Share Posted December 20, 2021 2 hours ago, Ham_N_Eggs said: So essentially we're back to March 2020 with no real testing and we'll only be able to guesstimate how many cases there are based off hospital numbers and deaths. Pretty sure that policy ended up requiring a particularly long lockdown to extradite us from the shit it caused. Let's hope this gamble pays off because I really can't be bothered with another lockdown. 'Vaccines' hadn't kicked in back then different story now. 2 Quote Link to comment Share on other sites More sharing options...
Ramseyboi Posted December 20, 2021 Share Posted December 20, 2021 27 minutes ago, The Voice of Reason said: You can’t make an omelette without breaking eggs. No, but eggs are the fundamental ingredient for an omlette. The businesses that were screwed over by COVID restrictions, were not any more fundamental to the spread of the virus (which was no risk to most people anyway) than loads of other things that didn't lose fortunes. The way many, many businesses were just thrown under the bus is indefensible and people on a guaranteed salary who haven't ever had the balls to take the risk themselves cant comprehend the pain people have been through. People paying money each week to try and keep a business going when government forced them to stop all their income. You will never get it, but hundreds if not thousands of people have through no fault of their own had their business and life destroyed by restrictions that were non sensical. 4 1 Quote Link to comment Share on other sites More sharing options...
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