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So do you think the better approach would have been for all of the employers to make redundancies and all of the associated redundancy payments that went with that? That seems to be a very good way of putting a lot of businesses into administration very quickly.
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I've no doubt there are a number of firms that will be taking advantage and doing just that, but this is something that had to applied to avoid all companies having to make redundancies. There will always be fraud and those taking advantage, but that was obviously weighed up against the cost to all business and furlough chosen.
What do you think would be more damaging, some headline misuse of the scheme or every business that needs to furlough in the UK having to make redundancies and the cost to them involved in that?
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Maybe a backroom check on their finances if they was fucked there is no point in keeping it afloat .that's the harsh reality of it.
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Proth is already complaining about the administration involved with this scheme, I don't think he is keen on HMRC having to complete credit checks on each of the companies receiving furlough. There will be misuse of the scheme but ultimately that misuse will go directly to the employee, where companies carry on taking furlough payments once they are also earning revenue will be the big risk (for both the HMRC in a risk of fraud, and the employer in a risk of being caught and penalised).
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The more they furlonged the more tax we will pay in the long run ......would a bank lend someone £100.000 on universal credit because that's what the government are actually doing with no hope of the company paying it back .
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Obviously we have to pay more in taxes, the government aren't lending the companies anything through furlough they're supporting them or the economy would crash completely with no employers. Taxes will need to be collected across the board for the next decade I'd guess - paying more tax in order to keep as many people healthy is a price I will happily pay.
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You can understand why the government need to get people back working to recoup some little money it's a really hard juggling act.....London will be the catalyst in this virus ....if it his has a major upturn there there has to be a major change in working arrangements there and on how they can split the tube and the buses up for workers maybe slot times on your phone etc .