How Have Other Countries Handled The Financial Impact Of Lockdown?

naomi24 | 11:58 Fri 16th Oct 2020 | Society & Culture

27 Answers

Our Government organised a furlough scheme to ensure that people who could not work received an income and they also organised schemes to protect, as best they could, businesses and the economy. What have other countries done?

Great Britain....who Do We Owe Money To?

Devil Worshipper Towns

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dannyk13

https://www.bruegel.org/publications/datasets/covid-national-dataset/

teacake44

That's the only thing, if any they got right, but since then have wasted the time that this investment bought them.

naomi24

Question Author

You don't know then, teacake.

naomi24

Question Author

danny, That looks like heavy going for something intended to be a little chat.

bednobs

when announcing stuff, sunak always seems to add something like "this is better/equal to the schemes in XXX or XXXX country" however, the info falls out of my head immediately

Neveracrossword

I know that earlier this year France paid staff 70% of their gross salary. The German scheme was quite generous, but I'd have to look up the details. The USA had/have a complicated system, involving benefits and top-up payments.

Zacs-Master

Germany:
https://www.twobirds.com/en/news/articles/2020/germany/covid-19-update-germany--german-government-enacts

Italy:
https://www.twobirds.com/en/news/articles/2020/global/covid-19-guidance-for-employers-in-italy

France:
https://www.twobirds.com/en/news/articles/2020/france/covid19-guidance-for-employers-in-france

Sunk

// Economics professor Ceyhun Elgin has been working with colleagues around the world to track the responses in 166 countries.
By his calculations, Japan's response has been among the most aggressive, with a spending package estimated at roughly 20% of the country's economy.

That compares to rescue spending estimated at roughly 14% of GDP in the US, 11% in Australia, 8.4% in Canada, 5% in the UK, 1.5%. //

So while we are spending eye-watering £ amounts of borrowed money, compared with the rest of the world, the UK Government is not being generous.

https://ichef.bbci.co.uk/news/800/cpsprodpb/118B9/production/_112156817_optimised-spending_covid-nc.png

teacake44

13.05 My interests are on this side of the fence, and couldn't care how other countries compare, but even if we top the list, like I say its been wasted money and time. Regarding what other countries have done, it appears you don't know either.

naomi24

Question Author

No, teacake, I don't know - which is why I asked. I do feel that our government is the target of rather a lot of unfair criticism - I've no doubt they're well-intentioned but they can't do right for doing wrong - and so I wondered how other governments are faring and whether they are receiving similar criticism.

teacake44

That's odd, if you don't know, what makes you feel they have had unfair criticism?

bobbinwales

naomis right teacake, all of are UK goverments have gotten unfair criticism (aswell as some fair criticism off course). An obvius example is some saying we lockdowned to late some saying we shouldnt of locked down at all. Some saying we should stop peopel flying in then others saying we are destroying holiday busineses by making peopel quarentine. Some said why arent we told to wear masks then when we are told some object. Some say test and trace is no good others says there not downloading the app or taking any notice

teacake44

If there is any unfair criticism, its coming from government towards the public. Why? being blamed for the spread of the present infection, when really they've failed ( after 8 months) to have a track and trace that works, it was them that decided to open up the pubs,and every thing else without one. From the very beginning the UK government ignored the advice of the WHO, it was test test test, not rest rest rest.

naomi24

Question Author

Teacake, //That's odd, if you don't know, what makes you feel they have had unfair criticism? //

Not odd at all. I think they're doing the best they can - and no one can do more than that. Shame on the consistent moaners who know it all - or at least think they do - and criticise from a safe place.

teacake44

So am i one of the one's that know it all then? a consistent moaner, and criticise from a safe place as you put it? Shall I start a thread on Harry and Meghan so you can do the same?

naomi24

Question Author

Teacake, yes, you are. How you moaned about a lack a beds .... until suddenly the beds were provided .... and then you found something else to moan about ... and then something else ...

Post whatever threads you want to post. Your choice.

teacake44

Don't worry, it will all be over in a couple of weeks. Beds were never used, they fobbed them all off to care homes to die, its was cheaper than providing the staff to watch them die. I think they call it a PR stunt. Next?

naomi24

Question Author

Sigh ...

retrocop

Teacake
Perhaps you will feel less hard done by and stop your constant whingeing and political posturing if you read that the rest of Europe are not faring any better than our Government's efforts. Personally I get little comfort from this article but I am sure you will find something to bemoan.

https://uk.yahoo.com/news/brink-disaster-europes-covid-fight-131425056.html

retrocop