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Showing content with the highest reputation on 03/13/2019 in all areas

  1. 4 points
    So Bidco is being advised by McQuarrie and is borrowing 70% of the purchase price from Santander/Lloyds/NatWest. Are they really going to have funds to invest?
  2. 4 points
    Or you might find prices creeping up... because they can
  3. 4 points
    Brown always gave the impression that he couldn't quite believe his luck that he had managed to end up where he did, whereas Quayle seems completely convinced that he is fully entitled to be where he is and is coping absolutely magnificently. And whatever you could say about Brown, although he wasn't clever he had a sort of basic cunning that enabled him to survive in post (look at the manoeuvring he went through to become CM). The same thing applied to Gelling and to Bell, who wasn't as clever as he thought he was but could still put on a reasonably competent show. But Quayle is simply there because he was seen as the most malleable of the possible candidates by the civil service, the one who would change as little as possible. The only problem they have with him is that his complete lack of self-awareness means that he sometimes tries to do things himself, convinced by his own genius, which means that it turns out even more embarrassing[1] than it would have been if he'd followed the script. Mercifully his innate laziness means this doesn't happen more often than it does. [1] We all know what schadenfreude means, but there's an equally useful German word Fremdschämen, which means embarrassment at someone else's behaviour. We should have been using it a lot over the last few years.
  4. 3 points
    another approach is to require the land line business be separated from the mobile and to split the MT landline business rather like BT was forced to open up landlines to competition by hiving off Openreach - now if we had a competent OFT that would work but .. I reckon McQuarrie vulture capitalism re IoMSPCo cost each family on Island £1000 a year on overpriced fares diverted to them
  5. 3 points
    No it’s a typical infrastructure fund deal backed by private equity through a Guernsey structure which will probably screw the life out of a dying business for 10 years or so before stripping it out and selling it on. Can’t see much in it for consumers and their service proposition is appalling enough as it is.
  6. 3 points
    Ah a thinly veiled "Everest", bit early for this years TT don't you think? Was there a government supported "blood sport" involved in this event? I wasn't aware Monster sponsored hill walking in Scotland.
  7. 2 points
    Did it finish when you'd left the village?
  8. 2 points
    Sock Puppet accusations from you?
  9. 2 points
    Hope so. They might actually inject some capital into it and stop it being so shite.
  10. 2 points
    Now I’m no betting man but.....
  11. 2 points
    Because the rest are shit. Ok, to be fair and in your language - shitter.
  12. 2 points
    Deeply unpleasant thread. Trivialising threats of violence against a woman. It must take a very thick skin to be a woman politician and a resilience against a real nasty streak in human nature to trivialise and joke about violence against women.
  13. 2 points
    It's an odd document. It lays out the well rehearsed problem and then sets out six remedies that have been worked up, before all but dismissing each of them twice, in case you missed it the first time. The conclusion is in essence "please receive the report and we'll carry on looking at it". In other words, something will turn up. There are other possible actions but none of them are expedient or politically approachable at the moment. In the end it is a bugger's muddle and it will be approached year by year, piecemeal. A bit of extra VAT, a bit of extra tax and stealth charges, benefits reduced over time, a bit of reserves raiding, a bit of grabbing investment income from reserves that would otherwise have stayed in reserves, hopefully many don't live as long as the actuarial forecasts say they will and yes, in the end, a bit of borrowing - very long term bonds.
  14. 1 point
  15. 1 point
    on a no deal it will be........all are done under wto rules.......tariffs have been released today..... its straight forward......
  16. 1 point
    That sounds like a nasty disease.
  17. 1 point
    That’s a very well-worded analysis of both Brown and Quayle. Brown did indeed have a certain low cunning, well-matched to the gauche amateurism of Manx politics. And yes, Bell was no genius but he was streets ahead of Quayle who probably has “L” and “R” on his shoes. The only view you offer Rog, which I think is open to some question, is whether the malleable Quayle was the choice of the civil service or of Tynwald itself. (For the reasons you state). I suspect the latter, but in Agatha Christie style, it may well have been both. And thanks for educating me...I was not aware of Fremdschamen. I shall deploy it liberally. It should also be recorded on Quayle’s headstone, when the time comes.
  18. 1 point
    Well you could say the same about newspapers - and they're certainly public.. But it's clear that the EU is moving on to public registers according to the HoC Library Briefing: It also says "Member states must ensure that legal entities incorporated within their territory (for example, companies) obtain and hold adequate, accurate and current information on their beneficial ownership".
  19. 1 point
    Less than £1m a year for the national broadcaster (setting aside the issue of all licence fee money going to the BBC) is as nothing compared to the £50m per annum by which taxpayers will have to fund the PSPR
  20. 1 point
    Very smart operator Mr Bell He would not have allowed these shenanigans from Hodge and Mitchell to get so far
  21. 1 point
    How high, or low, are we setting the bar though. Name me a good one.
  22. 1 point
    I will say the statement that it is too dangerous to send officials is pretty weak. If they find that a British hostage has survived they wouldn't leave them in some refugee camp. The SAS or Marines would be there basically instantly to bring them back with the press following along with front page coverage. It is sad that a weeks old baby has been left to die. Politics is all about priorities, and to decide a new born baby isn't worth the bother due to their mother doesn't reflect well, does it.
  23. 1 point
    But that's assuming that both parties are operating rationally and competently. Santander probably are, but the facility isn't essential to their business, it's a nice facility that enables them to keep happy and maybe retain customers outside Douglas, but it's not essential and their going to assess its usefulness carefully. The IOM Post Office is a different matter. We know from questions that Hooper was asking last year that they have been losing a lot of commercial contracts - presumably because they have been unwilling offer realistic prices and so losing clients. We actually had a very good example of this last month, where the client was no other than the IOM Government. The contact was for the postal electoral registration where letters are sent out to all households. ER Services, based in England[1], won the contract with a bid of £32,000. The IOM Post price the previous year had been £66,000, so their 2019 bid might have been more than that. The basic costs would actually be less if it was handled all on Island, so the amount of overheads/profit they are putting on these contracts looks like it must be fairly substantial. Of course, unlike in a commercial company, there is no likelihood of being sacked if you lose a contract. You can just brag about how mush money you are 'saving'. The whole thing is also a splendid example of the silo thinking which the Manx bureaucracy seems to do more and more while complaining about it[2]. Because of course they have ended up paying out real money to a UK company and the UK Royal Mail where it could have gone to IOM Post and then come back to the government as profit (or reduced losses). But I suspect the Cabinet Office were just pissed off with the Post Office charging whatever they felt like because they thought they had a captive market - and judging by what else we are hearing, so are a lot of their other clients. [1] Electoral Reform Services Group are specialists in running postal ballots and organising voter registration and do the update of the electoral register for a lot of UK local authorities. They were already managing the updating of the register online and by phone, so it's not like their area of expertise and software wasn't already being used and paid for before. But previously the letters had been sent out and any returns processed by IOM Post and delivering letters is supposed to be what they are good at. [2] Bell used to go on about it endlessly. If only he had been in a position of power over the previous decade to do something about it.
  24. 1 point
    Yes thats true in principle. But the profitability of any contract has to be judged against the costs involved in fulfilling the contract for the contract holder. That cost is different from business to business depending on their cost base. But I assume it was cheaper for Santander to delegate the collection of all their cash outside of Douglas to the post office otherwise they’d have done it themselves. So they either pay the price tendered or, if the contract holder puts the price up, they don’t. It seems to be commercially not worth the effort for both parties otherwise the price would be properly renegotiated.
  25. 1 point
    It's nothing to do with being right wing or the age of politicians, it's more a matter of perception. I believe that the PO, like many government agencies, should offer services to the public, some of those services may not be profitable but they do help the postal service to spin in other ways. The decision to cut services is usually made by the Chief Executive and his cohorts in answer to the requirement to make savings at all costs. This requirement was made by politicians to reel in the waste in the PS, the adverse effect is that the departments turn bandit and try to make a point and make life difficult for the politicians by cutting services, instead of addressing the real problems such as management efficiencies and pay and pensions!