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bankerboy

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Everything posted by bankerboy

  1. Actually, freight held up pretty well, given the circumstances - not unsurprisingly its passenger revenues that fell off the proverbial cliff
  2. Yes, but part b appears to relate only to active members of the force; if they have already retired, or resigned in anticipation of disciplinary proceedings, I don’t think that this section would apply. Whereas part a applies to all recipients of pensions, ie inevitably including those already retired from or otherwise having left the force...
  3. Fond memories of Douglas Head principally Black Mass doing Steely Dan covers and finishing every session with Freebird. But, being a bit of a folk rocker, does anyone remember Triad at the Long Room at the Castle Mona. Or indeed Dave Sayle’s Wednesday Folk Club further up the hill?
  4. Are they taking bottles yet? - I, er, seem to have built up quite a collection
  5. Netball Development Officer, actually - surprisingly only one of 15 in the sports development officers team (there would be 16 if they fill the currently vacant golf role!) https://msr.gov.im/sports-development-unit/sports-development-unit/sports-development-officers/
  6. Has anyone got a pdf of the ‘Emergency Powers (Prohibition on Movement Regulations) 2020’? It was cross referred to in the “Emergency Powers (Coronavirus) (Events and Gatherings) Regulations 2020”. neither of which seem to have been publishes on the Tynwald website yet. Wouldn’t mind seeing what I can and cannot do (ignorance of the law/no defence, etc). And indeed, when do such restrictions came into effect - on the subject of which did anyone else notice the amendments made today to the CM’s statement of yesterday?
  7. There are only a small number of DAB stations available on Island - perhaps extend the DAB capacity here so that more specialist speech and music channels are available. Then MR could morph (back) into a very local community focussed station.
  8. Hold on, if he came back to the Island before the emergency regulations came into effect, and isn’t, apparently, showing symptoms, why does he need to self-isolate anyway?
  9. We went to the Bay to try out Little Fish when it opened: we had a dog, so knew we wouldn’t be allowed in the restaurant. But they wouldn’t serve/bring LF food through into the bar area, even though there were only two people in the restaurant and we were the only people in the bar at the time. Not been back. A bit more of a dog-friendly approach would have probably paid dividends - cf the Shore, Cycle 360 etc.
  10. If I recall, Don Gelling was chairman of KSFIOM. Whilst he cannot be blamed In any way for the collapse of the IOM banking subsidiary (the problems were entirely created off island) he certainly can be criticised for keeping his head down and not helping to lead the company through a critical time- for instance, avoiding the creditors’ meeting of the collapsed bank and leaving his MD to take the flak. Not at all impressive!
  11. I still have a HL account, and they haven’t threatened to close it yet. However, I had an email exchange with them in Feb 2018, in which they advised: “Unfortunately due to new legislation that came into effect at the end of 2017, it is now not possible to open a new HL Vantage account or top up an existing HL Vantage account if you are not a resident within the EEA (European Economic Area). If you have opened a HL Vantage account previously before this legislation was in place, the account can remain open and you can managed the investments within. However, no new money would be allowed to be added to the existing HL Vantage account if you live in the Isle of Man.” hope this helps - I suppose following Brexit this legal requirement might eventually change... as for compensation, hopefully client assets are properly ring fenced from the firm’s own funds, but there have been legal challenges to that approach - you could well be right and it always pays to diversify as far as possible.
  12. Just to quote the Assessor’s practice note 144/07 “For completeness, it should be noted that our current legislation has references to the status of ‘ordinary residence’ without further defining its meaning, for example: Section 9, Income Tax Act 1970 contains the phrase “ordinarily residing”, and both Section 70 (7) Income Tax Act 1970 and Schedule 1, Paragraph 4, Income Tax Act 1980 contain the phrase “ordinarily resident”. The Assessor takes the view that additional definition of ‘ordinary residence’ is not necessary, and that the word “ordinarily” should be construed as synonymous with “generally” or “usually” as our system is concerned only with residence and non-residence when determining how income should be taxed.”
  13. Good point, I was thinking solely about plastics - I use heavy duty bags sold in France, Spain and Portugal: these truly last a lifetime but I doubt are at all biodegradable. I was comparing them with the flimsier bags seen in the UK which are indeed biodegradable (possibly - https://www.theguardian.com/environment/2019/apr/29/biodegradable-plastic-bags-survive-three-years-in-soil-and-sea) but only last a few months before needing replacement. I’m really not sure which is better for the environment; something that endures or something that is less robust but needs regular replacement. My point was that you can’t have both, although I confess I wasn’t considering other materials.
  14. Something of a contradiction here, surely?
  15. bankerboy

    TT 2018

    Probably because, somewhat surprisingly, it’s not been drafted as an ‘exclusive jurisdiction’ clause. I’m not a lawyer, but if you want to enforce jurisdiction, safer to write exclusivity into the terms. In fact, some of the other wording seems quite sloppy to me. For instance, in the event of a red flag, riders are instructed to ride their machines ‘back’ to parc ferme; although elsewhere in the document it is made very clear that riders must not go the ‘wrong way’ around the course without proper instruction, telling them to go ‘back’ is not only ambiguous but potentially dangerous.
  16. Roger, reading between the lines, I suspect it is linked to variable yields from EasyJet, see: “5.16 A further feature of the introduction of easyJet services has been the dilution of the yield earned by the Airport in terms of average passenger related aeronautical revenue per passenger, which has declined from £5.09 to £3.28 per passenger between 2007/8 and 2017/8 - a decline of 36% whilst passenger growth over the period has been 4.8% or 18.6% from the low point in 2010/11. This is illustrated in Figure 5.4, which shows a decline in the amount of income from airport charges earned from each passenger as the proportion of easyJet passengers in the mix has risen from 0% to 40% in 2017.” In addition “8.47 In terms of future aeronautical incomes, we have assumed that yields from passenger charges remain static over the 5-year period, although our analysis in Section 5 suggests that there is a risk this might be difficult to achieve. If aeronautical yield continues to decline over the five-year period at the same rate as in the last twelve months to March 2018, then the trading position will be worse than we have projected. If aeronautical incomes increase as a result of the proposed increased security charge of £1 per departing passenger from August 2018, the trading position will improve although we have some concerns that an increased charge to airlines could also have a negative effect on traffic growth.”
  17. Giggleberrys, help me out - where does it say that? I see that section 3.3 mentions “ payroll costs account for around two thirds of overall expenditure, which is relatively high. This may result, to some degree, from the difficulty of recruiting to some of the more skilled positions such as Air Traffic Control and Rescue & Firefighting Services, requiring relatively high rates of pay. However, the historical rates and allowances applicable to Government employees have also been and continue to be relatively generous compared to the norms in the commercial airport sector.” Section 6.23 adds that “Allowing for the premium that may have to be paid to recruit to specialist or skilled jobs on the island, the basic rates of pay do not seem excessive. However, it is notable from this analysis that on-costs are quite high, in some cases almost doubling the basic pay rates. These on-costs include what is referred to as ‘overtime’, which we understand is defined as including shift working premiums, weekend and bank holidays premiums, first aid payments, as well as additional hours worked.” Most of the relevant numbers have been redacted but my reading of the above is that base salaries attract a premium, possibly due to the limited universe of candidates, but perhaps not excessively. However, overtime and other add-ons are out of line and overall, ‘rates and allowances’ are ‘relatively generous compared to the norms in the commercial airport sector”.
  18. The Tynwald answer makes it clear that “In terms of numbers of jobs created, the Department records the minimum and maximum employment forecast by a project and uses an average as an indication of the employment forecast to be created during any year in question”. It seems to me likely that any application for Govt assistance will have a tendency to over-egg the upside potential on the job creation side, particularly if so doing helps along the application and given that there is (presumably) no risk or other implications from so doing - such as funding being recovered if the upside projection is not met. Also, projects are always optimistic about outcomes, otherwise nothing would ever get done! So, if an application says that there is likely to be a minimum job creation of ten places but that it could be as many as 150, that will be recorded by the Dept as 80 jobs created. My instinct is that most applicants will be running closer to the minimum number projected, with only a small number of applicants hitting anywhere near the maximum figure, hence this method (quelle surprise) will probably over-state the numbers. There can’t be that many FAS approvals each year, so it wouldn’t take a lot of work to do a quick sample of applicants to gauge exactly what jobs have been created.
  19. Sorry, my response was addressed to WTF...
  20. Ok, but I though the issue in this case was that Ronaldsway wasn’t open due to ATC staff being deemed out of time. I was pointing out that the limits for ATC time dont appear to be as black and white as they are being presented. You seem to be suggesting that the problem actually lies with easyJet staff being timed out?
  21. John, you’re the lawyer, not me, but have you actually read CAA CAP 670 part D? Seems to me, from a superficial reading, that there is sufficient flexibility to remain open, more at least than to which the air traffic controllers here (or retired ATCs perhaps) allude: Para D28 “At units where workload for any part of the day is judged to be low and the activity is spasmodic rather than continuous, periods of operational duty, at these times, may be extended to a maximum of four hours, provided that the following break is taken pro-rata (e.g. 45 minutes after 3 hours or 60 minutes after 4 hours).” Might be considered applicable to the IOM situation which is generally inherently less intense that, for example the control towers at Heathrow, Gatwick, Birmingham etc and particularly as all other traffic would have quietened significantly mid evening that night to allow sufficient rest periods. also Para D52 “In exceptional circumstances a Provider at a unit may in its discretion modify any Limitation through persons exercising its authority.” Exceptional circumstances being, perhaps, a one off delay caused by completely unexpected events at Gatwick, in the run up to Christmas? To me, these time limits don’t seem as black and white as painted.
  22. OK, i now see it is here - https://www.gov.im/media/1362401/1635-robert-sutton-v-creechuch-capital-limited.pdf but = and i could be wrong = i was pretty certain that until today it was on the tribunal decisions page - https://www.gov.im/about-the-government/offices/general-registry-isle-of-man-courts-and-tribunals/tribunals-service/tribunals/employment-tribunal/employment-tribunal-decisions/
  23. Indeed - so much so that the judgement seems to have vanished from the employment tribunal’s website - presumably an injunction, appeal or some other legal action is underway!
  24. There is a very clear local connection - according to the website of Manx Financial Group, which is the holding company for Conister Bank, amongst others: Arron Banks, a former Director of the Group is beneficially interested in 38,153,158 Ordinary Shares. This holding includes 9,777,166 Ordinary Shares held by Rene Nominees (IOM) Limited in trust for ICS Risk Solutions Limited. John Banks, a director of MFG is also a director of ICS Risk Solutions Limited. 38m shares represents around 29pc of the group, so a major stake in a local bank/financial services group.
  25. Well, we did get ‘a bunch of amateurs’ (**j - There must be a joke somewhere there!! It was a Tynwald question, last week - see pages 29/30 of this http://www.tynwald.org.im/business/hansard/20002020/k180508.pdf ** we lost £2.2m on that film
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