A good friend of mine who I've worked alongside for the past 8 years moved to the UK from Czech, when he came he had with him a tonne of debt that he had managed to rack up in the Czech, he was barely getting by because the repayments were huge. Since I've known him we moved through 2 companys together & our wages grew by 61% in that time. He managed to get himself a mortgage 2 years ago, he got his mum to take out a loan and send it to him as a gift to cover his deposit for the mortgage... about a year later he tells me that hes taken out a whopping loan to cover his debts in Czech, his repayment on the deposit loan, some money he owed to his brother & some home improvements, hes just finished with new windows, new bathroom, new kitchen & a full range of new furnishings throughout... hes then treated himself to 2 BMW's... living the real good life, he told me that he was maxed out on his weekly income and relied on overtime for his fun tokens.jamesg46 wrote: ↑Tue Apr 21, 2020 6:25 pmYeah for sure, the issue with that is most of those people who are going to need that money will be mortgage holders or live in private rent houses. The government surely isn't going to prop that up like they do with social housing... I wonder how many of them are financing expensive cars, long term loans & are living in credit card balances. The tide going out is gonna reveal a lot of naked people.Archery1969 wrote: ↑Tue Apr 21, 2020 6:19 pmSome people think millions will be made redundant after June or 30-45 days before that if the government doesnt extend the furlough scheme further. I cant see how the government can as its costing billions each month to do it. More likely they will just have to accept that in the short to medium term there will be around 6 million people claiming unemployment benefit or universal credit.jamesg46 wrote: ↑Tue Apr 21, 2020 5:54 pmThe company I work for put out a letter to all employees on Monday, the whole of the night shift will be furloughed until the end of June, ALTHOUGH some of the night shift will be asked to come back to work on the day shift, WHILE some of the day shift members will be furloughed until the end of June.
My translation of that is, oi oi lads, we are hand selecting who we want to employ, some of you will be put on the scrap heap until the Goverment stop paying your wages & at that point we make you redundant.
This morning, I recieved a phone call asking me to start back work as of Monday. I lose 27% of my wages by doing so & the others lose their jobs... the group I work for employs 7000 people and at a guestimate up to or pretty close to 40% of those people will lose their jobs based on it being the axe of night shifts. I'd imagine companies up & down the country are making similar plans, judging by the "itll all be alright" attitude of large qtys of people, they're likely not to have yet come to this conclusion yet.
Thankfully for the sanity of you other forum people, you wont have to put up with my bored & random posts for too much longer.
He didnt receive a call today asking him to start back work, he knoww hes screwed. I really feel for him, I know it's his own making but so many people have lived the life of comfort & ease for so long that they never accounted for something like this.