What is hacking you off today?

[Ricky Otto]

Our company released on Monday that they have to get rid of 35% of the workforce. Which is over 250 employees. 8% of my department is being cut. All of those whose job roles are at risk have been informed.

We had news on redundancies today, wasn't affected by the 1st wave luckily. Think we will see big numbers of unemployment over the next year

 

[Ricey]

We had news on redundancies today, wasn't affected by the 1st wave luckily. Think we will see big numbers of unemployment over the next year

Yeah same, I’m not affected in this exercise as the letter said. That says to me that there will no doubt be more. A full two week lockdown in October will be catastrophic for all of us.

 

[Ricky Otto]

Yeah same, I’m not affected in this exercise as the letter said. That says to me that there will no doubt be more. A full two week lockdown in October will be catastrophic for all of us.

I actually think I'm pretty safe. I oversee delegated claims authorities and one thing Covid has given the insurance industry is claims! So I can't realistically see me being at risk for a couple of years. I do feel for those that are though, especially those that have not been in their jobs long enough to get a decent redundancy package

 

[Ricey]

I actually think I'm pretty safe. I oversee delegated claims authorities and one thing Covid has given the insurance industry is claims! So I can't realistically see me being at risk for a couple of years. I do feel for those that are though, especially those that have not been in their jobs long enough to get a decent redundancy package

Thats me! I’m potentially at risk if the slump continues in aviation and have only been with the company just under a year.

 

[Ricky Otto]

Thats me! I’m potentially at risk if the slump continues in aviation and have only been with the company just under a year.

Sorry to hear mate. We stopped writing aviation in January, so our exposure isn't much there but I think the business interruption is going to be paid from the court ruling (it is being appealed by insurers) so aviation might not be hit as hard as you think

 

[Ricey]

Sorry to hear mate. We stopped writing aviation in January, so our exposure isn't much there but I think the business interruption is going to be paid from the court ruling (it is being appealed by insurers) so aviation might not be hit as hard as you think

Fingers crossed, glad to hear you have a good amount of job security. Funny old thing I left a really secure job nearly a year ago.

 

[Mad Cyril]

Having to self isolate until the 28th.

 

[GNH]

Having to self isolate until the 28th.

How's that affecting your work?

Are you able to work from home or are you having to take some sort of leave?

 

[Mad Cyril]

How's that affecting your work?

Are you able to work from home or are you having to take some sort of leave?

I can work from home assuming I don't get sick. Two confirmed cases on the house now both pupils at WHSG.

 

[THE SEVENTIES NORTH BANK]

The panic buying started up again yesterday, Ggrr, because of the new restrictions. Same as last time, it's started with toilet rolls. Many ASDA's including at Basildon Pipps Hill, had their shelves and out back stock bought, in case of a full lockdown. Panic buying on all the other stuff that disappeared last time could emerge. The problem is, if you don't join these stupid people, you get caught out.

 

[Massimo Giovanni]

Having to self isolate until the 28th.

Okay, how are you feeling?
Did you think you had it?

 

[Supershrimper]

Found out Interest Rates on my NS&I Income bonds are going from 1.16% to 0.01%. There's me thinking the government needed money to pay for all this Covid and furlough costs. I think i'll take my money elsewhere.

Will probably earn greater interest withdrawing it and shoving it under my mattress (Negative Interest rates will be coming people)

 

[Mad Cyril]

Okay, how are you feeling?
Did you think you had it?

I have tested positive. It is just like a bit of a cold at the moment.

 

[THE SEVENTIES NORTH BANK]

I have tested positive. It is just like a bit of a cold at the moment.

Good luck Cyril. Hope it stays mild for you.

 

[londonblue]

The panic buying started up again yesterday, Ggrr, because of the new restrictions. Same as last time, it's started with toilet rolls. Many ASDA's including at Basildon Pipps Hill, had their shelves and out back stock bought, in case of a full lockdown. Panic buying on all the other stuff that disappeared last time could emerge. The problem is, if you don't join these stupid people, you get caught out.

We didn't get involved last time, and we also didn't get caught out.

 

[Massimo Giovanni]

Found out Interest Rates on my NS&I Income bonds are going from 1.16% to 0.01%. There's me thinking the government needed money to pay for all this Covid and furlough costs. I think i'll take my money elsewhere.

Will probably earn greater interest withdrawing it and shoving it under my mattress (Negative Interest rates will be coming people)

Nationwide do reasonable rates of interest on current accounts for first six months if you are looking to switch.

 

[Leigh_Seasider]

We didn't get involved last time, and we also didn't get caught out.

Same, can’t say I ran out of anything and I’m not worried about it now. I don’t get the mentality behind the panic buying.

 

[Supershrimper]

Nationwide do reasonable rates of interest on current accounts for first six months if you are looking to switch.

Had a Nationwide account (when it was 5%) so can't get another one (had two, one single and one joint)

Lucky enough to have £25k in savings which i'm floating around various banks trying to get the best interest rate. Was in Santander until they dropped from 1.5% to 1% and then 0.6%.

Will probably plum for Premium Bonds and hope i get average luck on winnings (around £25 ish a month)

 

[kaymac]

Odds of winning on Premium Bonds are also being cut back quite dramatically.

 

[Napster]

Had a Nationwide account (when it was 5%) so can't get another one (had two, one single and one joint)

Lucky enough to have £25k in savings which i'm floating around various banks trying to get the best interest rate. Was in Santander until they dropped from 1.5% to 1% and then 0.6%.

Will probably plum for Premium Bonds and hope i get average luck on winnings (around £25 ish a month)

savings? stick it in a tracker fund!