woolley Posted February 27, 2017 Share Posted February 27, 2017 ............says MUA. Link to comment Share on other sites More sharing options...
TheTeapot Posted February 27, 2017 Share Posted February 27, 2017 They have invented their own inflation measurement. Maybe it is in line with the interest on the massive MEA loan? Link to comment Share on other sites More sharing options...
Sheldon Posted February 27, 2017 Share Posted February 27, 2017 Where does this inflation measure come from? Fucking Zimbabwe? Link to comment Share on other sites More sharing options...
finlo Posted February 27, 2017 Share Posted February 27, 2017 RPI for price rises CPI for payrises. Link to comment Share on other sites More sharing options...
Cambon Posted February 27, 2017 Share Posted February 27, 2017 In line with the new additional employees contribution to future pensions more like. Link to comment Share on other sites More sharing options...
Terminal Posted February 27, 2017 Share Posted February 27, 2017 It'll be cheaper to flush your bog with mineral water soon. Link to comment Share on other sites More sharing options...
rodders Posted February 27, 2017 Share Posted February 27, 2017 http://www.manxradio.com/news/isle-of-man-news/big-hike-in-water-rate-manx-utilities-announces/ Link to comment Share on other sites More sharing options...
Non-Believer Posted February 27, 2017 Share Posted February 27, 2017 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. Link to comment Share on other sites More sharing options...
the stinking enigma Posted February 27, 2017 Share Posted February 27, 2017 We should jail a few people, put the loan down to a criminal act then refuse to pay Link to comment Share on other sites More sharing options...
notwell Posted February 27, 2017 Share Posted February 27, 2017 The bulk of the money is owed to government? If not all of it? Link to comment Share on other sites More sharing options...
Bobbie Bobster Posted February 27, 2017 Share Posted February 27, 2017 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. Link to comment Share on other sites More sharing options...
finlo Posted February 27, 2017 Share Posted February 27, 2017 . Link to comment Share on other sites More sharing options...
finlo Posted February 27, 2017 Share Posted February 27, 2017 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? Link to comment Share on other sites More sharing options...
notwell Posted February 27, 2017 Share Posted February 27, 2017 It's essentially one government departing owing another. Or the taxpayer owing the tax payer to some degree? Link to comment Share on other sites More sharing options...
finlo Posted February 27, 2017 Share Posted February 27, 2017 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. Link to comment Share on other sites More sharing options...
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