Another shop to close – 2
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It looks as though Debenhams are going to fall into administration within a few days. That’ll be another huge drop in rent for the owners of Eagles Meadow plus a loss of potential footfall for the other shops once this coronavirus crisis is given the all-clear.
Sadly there’s going to be a lot of shops going under nationally and locally, big household name chains and small businesses even with the rates help and grants.
Some of them were already struggling under tough trading conditions and up to the hilt with debt.
Lots of sole traders won’t see any money to even live off, until that money is released in June, let alone keep their business viable.
I’ll be surprised if many of the town’s market traders will make it.
Then you have to look bigger picture – Council is currently losing mass revenues from car parking, council tax, council house rent and business rates as they have been put on hold or people can’t afford to pay them.
We’re going to be in one hell of a financial black hole after all this.
Also what happens to police and fire services if not enough money is being paid in for the next several months into the precept via the council tax? I assume a Welsh Government bailout?
There will either have to be a massive rethink on how we run the economy, prioritise the needs of society and a new range of taxes to raise income from those who are wealthy (and have not being paying their share) or the government will end up imposing a new austerity regime which will make the last ten years look like a beginner’s class in stinginess.
You can bet your life they will hammer the drinker, the smoker and the drivers. That’s where
the biggest revenue comes from and they know it.Why not hammer the “excessive” drinkers and smokers – many of whom are the ones who are now in intensive care or high risk due to what they have done to their bodies and now have underlying health problems.
JaneJ i would love to see your source for this is it from the NHS or government?
I expect you have a list of everyone who is aN “EXCESSIVE” drinker and smoker and which ones are now in intensive care or high risk
ALSO what is an EXCESSIVE drinker and smoker? Can you let us all know so that we can see if we are EXCESSIVE and cut down so we dont become one of your MANY
There is certainly no evidence that smokers, drinkers and drivers are susceptible to COVID19 and blocking up NHS beds. It is people with underlying health problems such as Diabetes, Asthma and the elderly people at risk. Many who have died have had underlying illnesses.
My point above is that when the government is in need of extra revenue they know where to turn, up goes tobacco, up goes alcohol and spirits, up goes petrol and diesel. They get far more from that than they do if they put a penny or two on income tax.Just thought that you should read this Rondetto.
If you’ve been thinking about ditching the ciggies, now might be a good time to do it. The Chief Medical Officer for England has warned smokers are at greater risk from coronavirus at a Commons Health and Social Care Committee meeting today. Answering questions from MPs, Professor Chris Whitty said: ‘For most respiratory infections, you worry about people who smoke a bit more. They’re more likely to get it and their immune system is less good. If you are going to give up smoking, this is a very good moment to do it. But it’s not that I’m saying they should self-isolate or behave in any other way differently.’
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