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£500 Vouchers for All UK Adults to Spend in Covid-Hit Firms

In the News

Seen this reported from multiple sources.

https://www.theguardian.com/politics/2020/jul/05/sunak-considers-500-vouchers-for-all-uk-adults-to-spend-in-covid-hit-firms

In Summary -

"Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury.

The proposals, drawn up by the Resolution Foundation thinktank, which has had recent talks with the Treasury about its ideas, are aimed at kickstarting economic recovery by triggering a highly targeted surge in spending. Under the plans the vouchers could only be spent in certain sectors, such as hospitality and “face to face” retail, as opposed to online."

What are peoples thoughts?

I think it's not a bad idea. It would give physical retailers a boost, and it would certainly give the general public a boost.

blacklabrador
28 days ago
What do you think of this?
Nino786
Nino78628 days ago

Its a great idea!! 😃

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AgnesFaludi
AgnesFaludi28 days ago

When they say all....It is never all...the middle class get nothing...

The idea is idealistic....May used to say there is no magic money tree....Now we have one?????

And we all know how the story will end...tax will rise and we pay it back with interest.

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5
Ceebers
Ceebers
Mentor
28 days ago

It's a waste of time. This government never backed me as as Ltd Director. I have now lost faith in Boris, who I used to respect a lot. To be fair they are all as bad as each other.

I think the Green Deal from Rishi, who will say more tomorrow in the House of Commons, will again not help every household. I live in a new, modern built house so any insulation is no use to me. My spec is above the building regs code already.

Xx

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blacklabrador
blacklabrador
Original Poster
27 days ago

True, but the country, and nearly every other country on earth, are going to be in debt for years if not decades to come.

And if the money is going to go to businesses to help them anyway then this seems like as good a way to do it as any.

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LordUnbox
LordUnbox27 days ago

This. 500 quid to spend is nothing. Just like the US Stimulus check that many people did not receive and somehow the government thinks it's helping a lot and no further help is necessary.

I understand the idea of giving back to businesses and all, however just like everything else businesses do not operate only for a month...

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Ann1984
Ann198428 days ago

If it does happen I guess it won’t it wouldn’t go to tax payers same with everything else given out over last 4 months

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bzortead
bzortead27 days ago

Governments do not produce wealth, all the money comes from taxpayers, so the magic of the communists will never happen.

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Pjran
Pjran28 days ago

Oh dear but who will decide where the vouchers can be spent? I can’t see this working lots of smaller shops might not be included.

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BlueOrchid
BlueOrchid28 days ago

It will be same as with furlough...not thought through...how come all companies were allowed to claim? Regardless of their size,sales, how many staff they employ? Huge companies worth millions were allowed to put staff on furlough on same terms as small businesses who really needed it... so how this will work?...unless they think through everything it will be another scheme to bump up only big guys...

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Getsome
Getsome28 days ago

Who decides where you spend it? Will arseholes like wetherspoons, sports direct and virgin be excluded from the program? Whats the criteria to be eligible? If this come in, i can see myself not getting them because i work full time.

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bzortead
bzortead28 days ago

What is the problem with Virgin? People are confusing the major shareholder of the company with the company itself.

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Getsome
Getsome28 days ago

bzortead Same as sports direct and wetherspoons, all owners are complete bell-ends and couldn't give a **** about their staff.

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bzortead
bzortead28 days ago

Getsome I am sure all the others do, including the small shops.😎

Just for information, several sites such as Glassdoor, classify Virgin Atlantic as a great company to work for. (Employees' opinion)

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Getsome
Getsome28 days ago

bzortead Yeah they might of but when during the pandemic he was a knob.

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bzortead
bzortead27 days ago

Getsome The airlines were the most affected by the pandemic, there is no magic. All of these companies are listed on the stock exchange, so there are millions of investors waiting for results, it is not a family business where the owner can decide to open the wallet and put money out of his own pocket.

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Getsome
Getsome27 days ago

bzortead Do you work for virgin?

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bzortead
bzortead27 days ago

Getsome Unfortunately not, but I would like it if I had the chance.

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Getsome
Getsome27 days ago

bzortead why didnt you mention sports direct or wetherspoons?

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bzortead
bzortead27 days ago

Getsome Because these two companies made employees work during the furlough, they pay ridiculous wages, often below the legal minimum using cheating. They use all kinds of strategies to get the most out of employees while saving everything possible.

The scolding with Virgin Atlantic is by the founder who does not pay taxes in the UK, and not by the company itself, which pays taxes here and employs more than 10k people.

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Imnotcheap
Imnotcheap28 days ago

I like the idea I had thought it was cash but people would not necessarily spend it yet. I'm sure I could think of a few things I could buy. Some how don't think it will happen though

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Imnotcheap
Imnotcheap28 days ago

Would you have to spend it all together

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jimmyD
jimmyD28 days ago

This is just Pie In The Sky rhetoric, means nothing! They are still blocking people from Universal Credit where I stay and cutting child care costs!! I'll believe it when I've got it in my sweaty mitts!)0

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KirstyWhit29673
KirstyWhit2967328 days ago

It's a great idea but a bit of I'll believe it when I see it idea.

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blacklabrador
blacklabrador
Original Poster
28 days ago

I think if (and it's a big if) it actually happens, they need to stipulate that only a portion of it (say £200) can be spent in retailers that are large - I'm thinking Tesco, Sports Direct etc.

And maybe at least £100 of it needs to be spent in the hospitality sector.

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gerrykelly25
gerrykelly2527 days ago

I think the vouchers will be from retailers who want to be involved in the scheme and will be in the form of a booklet. For example, 15% off a booking at Travelodge, buy one get one free at Pizza Hut etc. I don’t think the vouchers will have a monetary value to the individual, they will be an incentive to use a service or company.

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RegularComper90
RegularComper9027 days ago

Sounds like a great idea, but there's always a catch somewhere.

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vickymartin33
vickymartin3327 days ago

maybe would be a good idea to give it to those who have been working through the pandemic and haven't taken money from the government (ie been furlonged) just a thought as we dont get enough recognition for risking our lives every day during the pandemic

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Getsome
Getsome27 days ago

Looks like it a tenner off of at nandos mon to wed instead of peoples £500

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Ann1984
Ann198427 days ago

Getsome they can keep mine hate eating out unless can use on just eat

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blacklabrador
blacklabrador
Original Poster
27 days ago

Yeah not quite the £500 the think tank suggested.

So I wonder what happens to that Independent book shop that's been struggling, or that shoe shop that isn't part of a large chain?

Already people are saying it's half price at Nandos, which is a chain.

I think they've really missed an opportunity here to help small, independent shops, cafes and restaurants.

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Getsome
Getsome27 days ago

blacklabrador They will be gone by January.

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blacklabrador
blacklabrador
Original Poster
27 days ago

Getsome Sadly I think you're right

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