More than half of businesses will fire people once the government stops giving them money to pay their employees.

Lots of people will have no money to buy food or pay bills, and that will stress them out and make them feel really bad, but they should look at the bright side: at least they won’t be sneezing or coughing.

Daily Mail:

More than half of medium-sized businesses are planning to make job cuts as Rishi Sunak prepares to close the Government’s furlough scheme at the end of October.

A new survey showed many firms are expecting to make at least some of their workforce redundant as the Chancellor removes state subsidies for wages.

Research conducted by business advisory company BDO found nine out of 10 businesses had already axed up to a fifth of their staff.

But the end of furlough means many more job losses are expected in the coming months.

Fewer than 10 per cent of firms which responded to the survey said they had no plans to make job cuts.

The furlough programme has seen the Government pay 80 per cent of an employee’s monthly wages up to a maximum value of £2,500.

From this month the Government will only contribute 70 per cent of wages,  reducing to 60 per cent in October, before the furlough scheme is closed.

Leaders of medium-sized businesses have expressed concern over funding arrangements, with a third saying they can’t continue trading for longer than six months based on their current outlook, according to the BDO survey.

Two out of five respondents reported the same or an increase in revenues compared to the same time last year.

At the end of the day, the only thing that matters in life is not catching the flu. By preventing people from coughing, the government has secured the most important thing in everyone’s lives — and there’s no price too high to pay for that.

While people are getting offended by old statues, things are getting rougher on the economic front. Half of business are saying that once the government bucks stop coming in, they’ll lay off staff — and most of the other half of businesses will eventually realize that they’ll have to lay off staff too.

Daily Mail:

Half of businesses expect to lay off staff once furlough ends – amid fears the UK faces 1980s-style unemployment.

A poll of firms found 51 per cent say they will need to axe workers within three months of the government’s huge coronavirus bailout being withdrawn.

A fifth believe they will have to let 30 per cent or more of their employees go – while only 34 per cent are confident they will not have to make any redundancies.

The dire results in the YouGov survey of 503 business leaders underlines the scale of the looming pain for Britons in the worst recession for 300 years.

Some 9.1million jobs are now being supported by the furlough scheme, which covers 80 per cent of wages up to a ceiling of £2,500 a month.

Things are already in a catastrophic state. The only reason it may not seem like a total catastrophe right now is because the government is literally throwing the accumulated wealth of the country at workers in an attempt to hide the true extent of the problem.

But they cannot go on like this forever, and they’ll never accept that coronavirus is only as dangerous as the flu and that none of the lockdown stuff was ever needed, so they’ll eventually run out of money or radically change their approach to keeping people from rioting.

They may go for a massive presence of armed forces everywhere in order to keep hungry and angry people from threatening their plans.

It’s a good thing that people won’t riot over the government purposefully manufacturing an economic collapse. That could really be a problem.

The only things that can make people riot are black drug addicts dying of heart attacks and old statues.