Covid-19 effects on businesses

[kulture]

How about Texas?

what do you mean? What has Texas got to do with anything?

You quote fake statistics and build straw man arguments. Viruses mutate. The Indian variant is not going to be the last mutation. It is on an escape vector. This means that the vaccine is less effective. Not only is it more infectious, you need both doses of the vaccine to get a reasonable level of protection. When this variant mutates, it is possible that it’s next mutation takes it further away from the vaccine.

So it is just wrong to say that it does not matter so much to catch it. That the vulnerable are protected. The more people who catch it, the more likely there will be mutations and the more variants there are then one or more of these variations will be less and less affected by the vaccine.

 

[Mr D]

what do you mean? What has Texas got to do with anything?

You quote fake statistics and build straw man arguments. Viruses mutate. The Indian variant is not going to be the last mutation. It is on an escape vector. This means that the vaccine is less effective. Not only is it more infectious, you need both doses of the vaccine to get a reasonable level of protection. When this variant mutates, it is possible that it’s next mutation takes it further away from the vaccine.

So it is just wrong to say that it does not matter so much to catch it. That the vulnerable are protected. The more people who catch it, the more likely there will be mutations and the more variants there are then one or more of these variations will be less and less affected by the vaccine.

Is the vaccine less effective? Or is it simply that variant spreads easier?
Quite likely there will be mutations that will make the vaccine less effective / useless. And some that one or more vaccines is 100% effective against.
Mutations work all ways.

 

[kulture]

According to the data, the first jab is just 33% effective and the second jab is 60% and 88% for the Oxford and Pfizer jab respectively.

so it’s not the Indian variant that we need to fear, but it’s mutations.

 

[Ian J]

If we are still discussing the effects of covid on business it has had the opposite effect on the factoring industry than one would expect as it has been hit quite hard.

Many factoring companies have lost a large number of their clients and those that claim that they are doing well are probably lying.

In addition to the effect that lockdowns have had on businesses, factoring companies have also had to compete with the cheap money that Boris has been chucking out to all and sundry

 

[Mr D]

According to the data, the first jab is just 33% effective and the second jab is 60% and 88% for the Oxford and Pfizer jab respectively.

so it’s not the Indian variant that we need to fear, but it’s mutations.

So workable protection rate against the Indian variant but needs boosting.

And those whose bodies were damaged the first time around may be more at risk of complications 2nd time or later.
Lung damage can be permanent.

 

[Interestedobserver]

If we are still discussing the effects of covid on business it has had the opposite effect on the factoring industry than one would expect as it has been hit quite hard.

Many factoring companies have lost a large number of their clients and those that claim that they are doing well are probably lying.

In addition to the effect that lockdowns have had on businesses, factoring companies have also had to compete with the cheap money that Boris has been chucking out to all and sundry

Also I would imagine the risk analysis that gets done by factoring companies has been thrown upside down by Covid

And no doubt Covid is being used as an easy excuse ro put off paying debts etc

 

[Ozzy]

In addition to the effect that lockdowns have had on businesses, factoring companies have also had to compete with the cheap money that Boris has been chucking out to all and sundry

That's actually very interesting and something that hadn't occurred to me when digesting the effects of Covid, cheap money and it's impact on the finance industries that survive on providing "money".
There was a post on here recently on the Government gearing up to start investigating and clawing back money from BBL's that perhaps should not have been issued. That is going to be an interesting time coming up.

Also, and I'm sure this is just coincidence, but the number of new Limited companies being registered in the UK has dropped back down to normal pre-covid levels now. Absolutely nothing to do with the BBL's closing at the end of March, nothing at all I'm sure. So with cheap money gone now, how has that impacted the finance sector these past couple months or is it too soon to tell?

 

[Paul FilmMaker]

If we're still talking about how Covid19 affects business, I ended up in hospital with Covid. Covid also can induce a heart attack so had that as well. Craziest bit is the memories. Once I'd seen what happens on a Covid19 ward, I needed a few weeks before I could readjust and deal with that. Then, when I was released, I was so weak, I couldn't even peel a banana. Long Covid's challenging.

So it took me out for six months. Six months of no sales, marketing etc... Plus I'm in corporate video production so conferences, customer testimonials in offices etc... so business was tricky anyway. Also had an EU revenue stream and that went South because Brexit. E.g. one of my customers was pretty much nuked because they were a corporate conference company where 80% of their revenue was EU and, well, that wasn't good.

However, I've recovered completely (started cycling, lifting weights, did my first jog etc... and getting fitter although still not where I was before Covid), marketing's back up and running, sold a couple of deals. Will make a small loss this year but with my pipe and signed contracts, should be profitable again by Jan of next year. Will have to grit my teeth a bit until Jan but have cash, customers, prospects etc... and by Jan next year, think I'll be in a decent position again.

 

[Mark T Jones]

If we are still discussing the effects of covid on business it has had the opposite effect on the factoring industry than one would expect as it has been hit quite hard.

Many factoring companies have lost a large number of their clients and those that claim that they are doing well are probably lying.

In addition to the effect that lockdowns have had on businesses, factoring companies have also had to compete with the cheap money that Boris has been chucking out to all and sundry

I was on a finance Zoom conference a couple of weeks ago (wow, life is fun!)

One factoring company came up with the line 'our biggest competitors right now is HMRC'

Whilst I'm very aware of the direct impact on lending, there were a couple of interesting messages that hadn't really occurred to me.


1 a massive increase of legal cases challenging process, criteria notifications etc. Most are pretty spurious in nature, but outcomes are never guaranteed. This will potentially lead to total review of how things are done.

2 there is currently no coherent way of properly assessing the impact and ongoing repercussions of lockdown on an individual business. It's more problematic for lenders who rely on process and algorithms than those who actually sit down and review a deal

 

[MarkOnline]

I was on a finance Zoom conference a couple of weeks ago (wow, life is fun!)

One factoring company came up with the line 'our biggest competitors right now is HMRC'

Whilst I'm very aware of the direct impact on lending, there were a couple of interesting messages that hadn't really occurred to me.


1 a massive increase of legal cases challenging process, criteria notifications etc. Most are pretty spurious in nature, but outcomes are never guaranteed. This will potentially lead to total review of how things are done.

2 there is currently no coherent way of properly assessing the impact and ongoing repercussions of lockdown on an individual business. It's more problematic for lenders who rely on process and algorithms than those who actually sit down and review a deal

Could you explain in laymans terms what points 1 and 2 mean please?