How are we going to pay for COVID?

aaron1867

And how long will it take?

baconbutty

aaron1867 You can pay it off with your Payback.

farnis

aaron1867

It will be for many years to come in higher taxes etc.

techiebloke

aaron1867 Taxes will go up.

asimahj

aaron1867 big tax increases for a long time to come

eluminea

aaron1867 high taxes are a possibility 🙁

haleemanoor

aaron1867 maybe it will be finish in December and in January we are free allof this

steeleb

aaron1867 World War 2 debt was £21 billion and we finished paying off the loan in 2006. I think the coronavirus debt will exceed £250 billion.

darren1900

aaron1867 Tories are going to stop wasting money and that will pay for it

williamwalker

aaron1867
The world should ask the USA to cough up and pay compensation.
The CDC has made a bomb out of this.
By the patents owned by them it’s not a natural pathogen, it’s man-made in the Labs and outsource to Wuhan.
It can’t be natural because it’s against us law to patent a natural pathogen.
CDC patents.
US patent
US 7776521
US 7279327
US 7220852
And many more

jenny64711

aaron1867
What’s this we 😂
I think the empire is about to fall me thinks!

bazthebear2

aaron1867 It will take along time to recover.

giffgafful

In taxes and probably years.

aaron1867

baconbutty thank god the pandemic only cost us £27

steliv35

It’s inevitable that taxes will rise in April next year I think it will be over 20%.But what can we do we are all used to getting ripped by all British governments that we will take it on the chin like we always have.we don’t have a choice😢😢😢😢

kath72

Pay off? In what terms?

financially?
At a national level … Many years through our taxes (those of us who are fortunate enough to be left with jobs)
At a personal level? I think it has just cost me my full state pension … there are no jobs I can apply for do I’m now not going to have enough years NI contributions
My son can’t get a part time job to earn the money to learn to drive so that’s going to take a few years to fix
Many other people with similar and worse situations … school leavers who can’t get jobs, redundancies etc etc

health wise? A vaccine is probably going to help with covid But mental health implications may Well last a lifetime

zakrs

VAT @ 25% for everything including food should be sufficient…

aaron1867

zakrs That wouldn’t be the answer, you do know that people are able to claim VAT refunds? Therefore VAT isn’t all that profitable as you’d think

edwd

Taxes will have to go up. Question is how much and for how long.

kenralph

The taxes will pay for it.
After Brexit the country will prosper, they’ll need us so much more than we need them, and the German Car Industry will be beating a path to our shores with wads of cash..
Don’t believe me?
You did when you voted 😉

techiebloke

kenralph The taxes will pay for it.
After Brexit the country will prosper, they’ll need us so much more than we need them, and the German Car Industry will be beating a path to our shores with wads of cash..
Don’t believe me?
You did when you voted

Reckon we are going to be going back to the IMF for a handout soon enough.

starbuck35

kenralph who can afford a new car from Germany they are not cheap,and whats wrong with British cars oh thats right we don’t make them

andath

techiebloke Reckon we are going to be going back to the IMF for a handout soon enough.

Back to the ‘70’s. At least the music was good. Wasn’t the weather better as well?

kenralph

techiebloke Reckon we are going to be going back to the IMF for a handout soon enough.

I’m not needing an answer, it’s rhetorical..
Have you ever rescinded on a loan? Or missed a payment..
Have you been late paying a bill.
Remember those letters you used to get? And the difficulty of getting further financial help?

Welcome Boris Johnson to the world of millions of people.

gvmhb

It’s quite a scary thought actually, as the bill is going to be horrendous.

Not at all sure that I understand how a country’s finances work, and every country must be in a similar boat so maybe it’s not as dire as it appears.

One thing that seems likely is that China will come out of it better than most 😰

baconbutty

Higher rate tax payers will all bugger off to Monaco with their money leaving us with more austerity .

standardbearer

We will have to pay it off just like all the other Countries which is the only perverse positive.
If vat goes up to a rip off 25% some say long live the cash In hand economy.
China the culprits of all this, not in the eu of course, well they will be okay with employment, trade and their shocking prison slave labour as we were all silly enough to rely on their products and trade. No way back now with China.