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Water, Sewerage Rate up 6.4% - in line with inflation........

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They have invented their own inflation measurement. Maybe it is in line with the interest on the massive MEA loan?

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Neither the first outlandish rise, nor will it be the last. And all grist for the mill when unions come to negotiate for the next cost-of-living pay increase.

 

The MUA debt will be the death of this Island's economy without strong management which has yet to show its face.

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Thought that 6.4% looked a bit off. CPI (12 months) to Jan 17 is 1.6%, RPI (Jevons) is 2.1% which is comparable in numerical terms, but the old RPI calc is 6.9%. Fron the IoM Gov Jan bulletin here:

"the Jevons formula...is designed to better take into account the fact that where prices rise, some consumers will change to alternative products rather than purchase the higher priced item...the [old] formula...does not take into account any changes in consumer behaviour".

The full press release from the MUA is here.

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The bulk of the money is owed to government? If not all of it?

 

If you believe that to be the case where do you think the money will come from to pay it down?

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It's essentially one government departing owing another. Or the taxpayer owing the tax payer to some degree?

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It's essentially one government departing owing another. Or the taxpayer owing the tax payer to some degree?

 

You've already seen where it's coming from with the announcement of this rise, plenty more shitty moves lined up too.

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