Jump to content
Manx Forums, Live Chat, Blogs & Classifieds for the Isle of Man

woolley

Regulars
  • Content Count

    21,650
  • Joined

  • Last visited

  • Days Won

    38

woolley last won the day on January 25

woolley had the most liked content!

Community Reputation

14,618 Excellent

3 Followers

About woolley

  • Rank
    MF Veteran

Recent Profile Visitors

33,081 profile views
  1. woolley

    So the UK is finished says Theresa Mayhem

    Jeez. He's still here lying in wait and ready to pounce. Go to bed, you fopdoodle.
  2. woolley

    The budget

    It is against the law, and long may it remain so. Unfortunately there is the nagging reality that laws may be changed.
  3. woolley

    So the UK is finished says Theresa Mayhem

    Ahhh. A Bazza when I story. Blessed relief from Freggy.
  4. woolley

    The budget

    I don't think this would be an equality problem. It's an incentive to stimulate certain types of immigration. You might as well say that the government allowing a tax capper to pay 2% income tax is open to challenge in the same way by someone paying 20%. Can't honestly see it.
  5. woolley

    The budget

    He was saying today that the NI fund is now "safe" and viable until 2072 pending the latest actuarial report. Not surprising seeing as they keep increasing the age when you can become acquainted with your state pension. I really think there would be big trouble if they appropriated it to feed the PSP reserve. I think it would be the straw that breaks the camel's back.
  6. woolley

    The budget

    There's not a lot of substance to it really. Nothing unexpected. Just the usual platitudes and allowance increases and stuff that had already been announced. I think everything is just "as you were" until the PSP reserve runs out, and even then not much will change for a long time because the shortfall will be split, some taken up by increased contributions, some by increasing share of the VAT fund, some by increasing income tax, duty revenues and stealth taxes, some from reserves (but nothing like the whole £45m). We'll carry on like that until they ride out the hump of legacy pensioners who were undercontributed and are now overpaid. We may get lucky and see it through like that. If not they'll be changing the law and borrowing their way through it. Long term bond issues probably. I can't see anything dramatic happening, like the finances totally collapsing. At one time the budget was a big event, but it's a bit anticlimactic because we're all thunk out with Brexit going on and everything else.
  7. woolley

    The budget

    Need to find £45m a year after 2021 I reckon, as that is when the PS pension reserve is exhausted. They have increased contributions which helps a bit and I guess they hope that the investments on the wider reserves perform well. On the upside, he did say that the NI state pension fund was £11million in surplus this year. Probably all of those women between 60 and 66 who aren't getting any.
  8. woolley

    Pubs closing

    I'd love to hear the Privy Council debating the Liverpool Arms.
  9. woolley

    So the UK is finished says Theresa Mayhem

    Not disputing the graphs then. Good.
  10. woolley

    So the UK is finished says Theresa Mayhem

    Tell them what you like. Who says it was a comprehensive study? It's a subject I'm familiar with so the trend looked wrong straightaway. The graphs are authentic. Or are you disputing them?
  11. woolley

    The budget

    So was it not Alf that said it? Somebody did, I'm sure. Will have to check Hansard.
  12. woolley

    The budget

    Actually, it would be more convenient if you'd just die before retiring and this is what they are working towards.
  13. woolley

    So the UK is finished says Theresa Mayhem

    Ignore the substance as usual. At least you're consistent.
  14. woolley

    So the UK is finished says Theresa Mayhem

    I actually agree that it is not a good idea to sell manufacturing and utility infrastructure abroad, but this is supposedly a positive economic indicator nowadays in the brave new world of globalisation. It goes both ways too. High levels of foreign purchases by British investors. I would say that someone at the university is trying to pursue a remain agenda by asserting that FDI has continuously declined since 2015 because it isn't true. In fact it wasn't even the peak. Also they don't mention that there were times between 2012 and 2016 when the flows were actually negative, so frankly that article is cobblers. There are and always have been peaks and troughs. 1.5 billion scarcely registers. Link to graphs: https://tradingeconomics.com/united-kingdom/foreign-direct-investment https://www.ceicdata.com/en/indicator/united-kingdom/foreign-direct-investment
×