4/5

Objection 3: £500 is not enough for low-income people, especially. with larger families.

This is true. To be successful, the money should fully compensate. The £500 one-off payment is less than the average wage.
5/5

Objection 4: Payment needs to be part of an overall package, including practical support (shopping etc.), emotional support, and communication.

Yes. SPI-B set out such a package in the following (see Annex B): https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/952799/s1020-Reducing-within-between-household-transmission.pdf
PS

And if we are serious, why not do as New York does and pay for people self-isolating to stay in hotels (including services to care for their pets)? Their figures for self-isolation are far better than the UK's. https://www.timeout.com/newyork/news/you-could-be-eligible-to-self-isolate-in-an-nyc-hotel-for-free-111320
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