IOM Covid removing restrictions

[Anyone]

Sorry A

[finlo]

34 minutes ago, hissingsid said:

I don’t think you have tried to get a tradesman lately, everyone I speak to is fairly happy so I think it is you that does not understand economics.

That's only because they can't squander it on foreign holidays!

[Gladys]

24 minutes ago, finlo said:

That's only because they can't squander it on foreign holidays!

Well, exactly.  At the moment the economy is working mostly as a closed system, the problem is that when the closed system eventually needs a top up from outside, there may not be much of an outside economy there. 

[trmpton]

4 minutes ago, Gladys said:

Well, exactly.  At the moment the economy is working mostly as a closed system, the problem is that when the closed system eventually needs a top up from outside, there may not be much of an outside economy there. 

And if there is, it’s not allowed in unless it isolates for 14 days

[Barlow]

2 hours ago, Gladys said:

Well, exactly.  At the moment the economy is working mostly as a closed system, the problem is that when the closed system eventually needs a top up from outside, there may not be much of an outside economy there. 

There is a veritable shitload of money swilling about on this Island.

I reckon the Island can economically outlive any other economy in the world.

Foreign hols and those fucking cruises are well off the menu for a few years at least. What they gonna spend it on? What?

 

[Apple]

4 hours ago, John Wright said:

Again - the T&T apps aren’t worth the money spent on development, none of them, claimed world beating or not. Not enough people use install them, use them, switch on blue tooth, etc. Unless you go to South Korean extremes and have a very compliant population.

Exactly. So, the BBC reporting:

Victoria Derbyshire has said she would break the rule of six to enable her family to celebrate Christmas.
The BBC presenter said her family of seven knew the risks and would be "sensible" and buy a thermometer gun.
She told the Radio Times she felt irresponsible for considering it, but thought many others felt the same way.
Derbyshire has a family of four plus her mum, her mum's partner and her husband's dad. It is not clear if the rule of six will apply at Christmas.
"If the rule of six is still in place... we're breaking it to have the rule of seven. We just are," the journalist said.
"It's fine. We'll do it knowing what the risks are. We're not stupid.

Guess it only applies to a special few then.

[Apple]

7 hours ago, John Wright said:

What happened to the results of the 10,000 antibody tests that were performed in July & August?

2,500 of them are now probably at risk again.

 

Figures for the UK from the BBC.

The Imperial College London team found the number of people testing positive for antibodies has fallen by 26% between June and September. They say immunity appears to be fading and there is a risk of catching the virus multiple times.

More than 350,000 people in England have taken an antibody test as part of the REACT-2 study so far.
In the first round of testing, at the end of June and the beginning of July, about 60 in 1,000 people had detectable antibodies.
But in the latest set of tests, in September, only 44 per 1,000 people were positive.
It suggests the number of people with antibodies fell by more than a quarter between summer and autumn.
"Immunity is waning quite rapidly, we're only three months after our first [round of tests] and we're already showing a 26% decline in antibodies," said Prof Helen Ward, one of the researchers.
 

 

[Derek Flint]

7 hours ago, Gladys said:

Well, exactly.  At the moment the economy is working mostly as a closed system, the problem is that when the closed system eventually needs a top up from outside, there may not be much of an outside economy there. 

 

5 hours ago, Barlow said:

There is a veritable shitload of money swilling about on this Island.

I reckon the Island can economically outlive any other economy in the world.

Foreign hols and those fucking cruises are well off the menu for a few years at least. What they gonna spend it on? What?

 

But how long is a closed loop economy sustainable for?

There is without doubt a bit of an internal boom going on at present. 

[NoTail]

6 minutes ago, Derek Flint said:

 

But how long is a closed loop economy sustainable for?

There is without doubt a bit of an internal boom going on at present. 

Its not a closed economy imo. There are many here with large investment savings.  The income is derived from stocks,  shares and bonds held worldwide. This includes the Manx sovereign wealth fund.

[Lxxx]

14 hours ago, pongo said:

Relatively few need to travel to old fashioned sales meetings - and let's be honest, it would be a silly place for a travelling salesperson to be based.

Many people do have business interests in other parts of the world and before this year it was a relatively easy and inexpensive place to travel to and from, as well as being a nice location to come back to. 

Luckily most business practices are now going digital but we can’t just decide to pull up the drawbridge to international business from now on. We need to best utilise the tax advantages we have before they inevitably disappear. 

Edited October 27, 2020 by Lxxx

[Lxxx]

9 hours ago, Cambon said:

Anyone, the economy here is ticking over ok. It is not booming, but ticking over. That is far better than what is happening across and beyond. 

You flippantly mention Costas etc. Yes, that is part of the economy, but look at the amount of construction and home improvement. People buying new furniture, T.V.s,  etc. It is all going on, but you seem to be oblivious. 

Our wisest heads in government have decided that we keep as many people on island as possible to spend locally and keep us ticking over. Which will work in the short term. People will like living on an oasis island whilst the world goes to hell in a handcart but it isn’t sustainable. 

I fear we haven’t got a clue what to do afterwards. As evidenced by us not looking like we had a clue to grow the economy even before this hit. 

We need our next generation to be at the forefront of digital technologies like the blockchain etc... and have a strategy set up to go after it. Not still pander to the lost tourist pound which is never coming back. 

[Derek Flint]

35 minutes ago, NoTail said:

Its not a closed economy imo. There are many here with large investment savings.  The income is derived from stocks,  shares and bonds held worldwide. This includes the Manx sovereign wealth fund.

That side of the equation is probably a significant threat. I was more referring to the general circulation of money and the ‘A buys off B buys off C buys off A’ structure. 

That money doesn’t actually become worth more in the long run. It either keeps going round, or gets absorbed into depreciating assets like cars and big tellys.

[Lxxx]

18 minutes ago, Derek Flint said:

That side of the equation is probably a significant threat. I was more referring to the general circulation of money and the ‘A buys off B buys off C buys off A’ structure. 

That money doesn’t actually become worth more in the long run. It either keeps going round, or gets absorbed into depreciating assets like cars and big tellys.

It does to a certain extent. People aren’t spending money they would have ordinarily spent anyway, they are spending money that would have otherwise flowed out of the economy on holidays, trips away, new items from across etc... so are now buying motor homes to spend weekends across the island.

Granted it’s only short term but it’s money that would have otherwise not been in the local economy.

I fear the bigger picture is we are looking at the second biggest knock to the island’s economy since we lost the free VAT money swilling around. We need to have a plan to start generating an inflow of revenue back into the economy, which won’t happen if we maintain the drawbridge mentality. 

Edited October 27, 2020 by Lxxx

[Out of the blue]

6 hours ago, Apple said:

Exactly. So, the BBC reporting:

Victoria Derbyshire has said she would break the rule of six to enable her family to celebrate Christmas.
The BBC presenter said her family of seven knew the risks and would be "sensible" and buy a thermometer gun.
She told the Radio Times she felt irresponsible for considering it, but thought many others felt the same way.
Derbyshire has a family of four plus her mum, her mum's partner and her husband's dad. It is not clear if the rule of six will apply at Christmas.
"If the rule of six is still in place... we're breaking it to have the rule of seven. We just are," the journalist said.
"It's fine. We'll do it knowing what the risks are. We're not stupid.

Guess it only applies to a special few then.

I imagine most families will break the rule, they just will not be daft enough to broadcast it.

[AcousticallyChallenged]

7 hours ago, Apple said:

2,500 of them are now probably at risk again.

 

Figures for the UK from the BBC.

The Imperial College London team found the number of people testing positive for antibodies has fallen by 26% between June and September. They say immunity appears to be fading and there is a risk of catching the virus multiple times.

More than 350,000 people in England have taken an antibody test as part of the REACT-2 study so far.
In the first round of testing, at the end of June and the beginning of July, about 60 in 1,000 people had detectable antibodies.
But in the latest set of tests, in September, only 44 per 1,000 people were positive.
It suggests the number of people with antibodies fell by more than a quarter between summer and autumn.
"Immunity is waning quite rapidly, we're only three months after our first [round of tests] and we're already showing a 26% decline in antibodies," said Prof Helen Ward, one of the researchers.
 

 

Surely that's somewhat expected though? Our bodies only pump out anti-bodies when they're needed, with T-cells being responsible for longer term immunity. They detect a known threat and your body already has the blueprints for churning out antibodies.