COVID-19 — Coronavirus

[Gareth Barry Conlon]

Isn't that all irrelevant though because it's only test numbers.

Yes but we will never have 100% accurate numbers.

The vertical line needs to be per 500,000 population to get comparative totals. It looks like the UK is doing very well to be honest.

Yes agree with that - there are some huge variations in population.

Absolutely agreed. China demonstrated an immediate drop in cases and deaths *immediately* after lock down, but that was not reflected in the recorded stats until 2 weeks later. Hopefully we will see some slowing over the coming days, as a result of the measures many firms and individuals were taking a while ago, in the absence of sensible guidance from the government. The country went into partial lock down because - for example - the Premier League deemed carrying on unsafe, even if the government didn't. Many people (myself being one) started working from home weeks ago. All of this will have helped.

But the impact of the government's announcements on Monday will not be seen for a couple of weeks.

Yes another unknown. My firm started taking measures about 4 weeks ago. People acting way before the government who waited to the last day they could get away with it and still allow enough grey area to let many just crack on. The data on this will always be full of assumptions and issues.

 

[BosnianBlue]

It really is (thank God) starting to look like Italy may be past the peak. Fingers crossed.



It may depend on whether the 800 on March 21st was an outlier or not.

I kinda shamefully looked at it as financial chart and it would be great if 23rd March level would be broken. That would definitely mean it's peaked.

 

[Chippy_boy]

No they wouldn’t.

I think you may be mistaken mate. For example, take someone on £25,000 a year gross. Pay them 80% of gross and they get £20,000 a year. £1,667 per month.

There normal pay previously was:



£1,503 per month.

 

[bluethrunthru]

Think I have found how all this started

 

[MillionMilesAway]

It really is (thank God) starting to look like Italy may be past the peak. Fingers crossed.



It may depend on whether the 800 on March 21st was an outlier or not.

It does look promising - knock 10% off and there's what might be a plateau.
I can't imagine what it must be like in Italy.

 

[Claytop]

Game Changer must be the in word of this Pandemic.

 

[SWP's back]

I think you may be mistaken mate. For example, take someone on £25,000 a year gross. Pay them 80% of gross and they get £20,000 a year. £1,667 per month.

There normal pay previously was:



£1,503 per month.

Whatever site you’ve just used, it’s wrong.

You don’t pay £5,000 in basic tax plus national insurance on a £25k annual wage.

That means that person has no personal allowance.

Earn £25,000 gross in 2019/2020 and you'll take home £20,538. This means £1,711 in your pocket a month.

Over the year you'll pay £2,498 income tax and £1,964 in National Insurance.

ie your total tax would be circa 20% (if we call NI a tax, which it isn’t, in terms of basic income taxation, it’s contribution towards your state pension qualification and the NHS)

That’s why I’m asking if this 80% thing is then taxed. Because if it’s not, it’s basically the same net pay people would have received before.

 

[marco]

500,000 infected worlwide

 

[Proy]

Snappy slogan but do you understand how commerce works?

What if they can’t otherwise survive because revenue is decimated and/or cash flow bolloxed? Would you prefer them to fold? Then what happens to your precious jobs?

Some people lump every company together as evil, exploitative organisations when in actual fact they range across the spectrum.

Completely.

The business in question that I’m talking about have different arms to their chasflow so they can stand situations like this.

I’m not grouping companies, I’m looking at their revenue vs could they pay that 20%? Is a choice of we don’t want to, vs protecting what they have?

 

[Chippy_boy]

Whatever site you’ve just used, it’s wrong.

You don’t pay £5,000 in basic tax plus national insurance on a £25k annual wage.

That means that person has no personal allowance.

Agreed. My bad. I don't know why but for some reason the calculator didn't include the personal allowance when I ran it. I ran it again and it did. Your take home would be £20,538, so close to £20,000 but not more.

That said, if you were on £30,000 a year then you'd get £24,000 with 80% of gross, or £23,938 if on full pay, taxed. So in that case, I would be right (just!) ;-)