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Phillip Dearden

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About Phillip Dearden

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  1. The Cave? I think you had to fill in forms and wear a suit and tie and be 21 when it first opened.
  2. Agreed. Crazy.
  3. ...not to mention stupid, cruel and self-defeating.
  4. Isn't it a financing transaction? SG needs cash and so sells hotel but also needs hotel to trade and so leases it back. This frees up some cash and allows trade to continue but has a cost.
  5. Can I suggest that the Brexit debate moves on from whether Brexit was/is stupid or not to what kind of Brexit we want? There is an important debate in the UK amongst leading Brexiteers about what we do with tariffs and subsidies. Some want a Hayekian "red-meat" economy with no tariffs and allowing competition to do its stuff. This will produce cheap food and some other produce but will devastate farming and some other trades. Opponents query whether dropping all tariffs on imports removes incentives to 3rd countries to enter into trade-deals. Mr Gove is pushing to protect agriculture which will make farmers happy but does remove one of the big wins from leaving the EU ie protect farmers but keep food prices artificially high. We can't control these issues but we need to watch them as they could have big implications for the IOM. If the UK removes agriculture protection the IOM either follows suit (devastating for farmers) or doesn't (Manx produce becomes uncompetitive). PS - I would rather Brexit had never happened and that it would go away but wishing for the way things were will get us nowhere.
  6. BUT BUT BUT Commercial Property Rates is a big issue in the UK. Where a property is empty the landlord will have to pay the rates after 3 months (6 months if industrial). If leased to someone who uses for charitable purposes, there is a relief but this relief is about the purposes (charitable) not the tenant (not nec. a charity) and charity shops are not a charitable activity.
  7. I agree with Steve. Charities will always ask for a very good deal, sometimes they get lucky or find sympathy. The number of charity shops will be related to economic conditions and changing habits. When demand for retail space is low some (nice) landlords will allow a charity a very good deal if the choice is an empty or uncared for shop. Planning is an issue - the IOM may have too many retail areas for them all to remain viable.
  8. I partly agree. The Brexit debate has become too toxic. We have to respect each others rights to disagree - some want to leave the EU and some don't - those are both reasonable positions. Any debate should be about the issues rather than the tribal name-calling a very serious debate has descended into. BUT...why is she anti-democratic. I can't see what is anti-democratic about campaigning for a different direction. If we could not change our minds we would still have Robert Walpole as Prime Minister along with slavery and sending children up chimneys. At the moment we have a Government following the referendum result and we are set to Leave, this makes me sad but I accept it is the result of a (far from perfect) democratic process. I want this direction to change but I accept this can only happen as a result of a new vote - either a referendum or an election. Why is it undemocratic to promote such a notion? "Harridan" is a tribal insult and has no place in a mature debate.
  9. http://www.invest.gov.ma/?Id=77&lang=en Lots of tomatoes come from Morocco. Current terms of trade are relieved by a free trade agreement between Morocco and the EU. That will lapse, I do not know what happens then.
  10. You are right and I agree but not because of debt. The IOM Govt. does issue bonds - there are £260m of MUA Bonds in existence but it does not create money. I don't know if it can but even if it did, I think it would be hard to get people to use it.
  11. Wow. That's a can of worms. A Government that creates a money supply eg the UK can't really have "money". In the UK, a £ is a debt due by the government so a £ in a bank account held by the Govt. is really a £ owed by the Govt. to the Govt. which does not really mean anything. So you may be correct to laugh at the phrase "Government Money".
  12. Is that not comparing an earlier apple with a later pear?
  13. I do not hate dogs at all, a number are assisting me in typing this response now. Are you sure a mistake was made?
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