2112 Posted July 5, 2019 Share Posted July 5, 2019 The Nations Propaganda Mouthpiece is at it again. This time according to Shouty Alf, the Isle of Man has found £30 million extra, mo doubt found down the back of the sofa. IOMNP Facebookers have been lauding Alf as some financial genius - like Eddie Teare was regarded as a financial guru. https://www.manxradio.com/news/isle-of-man-news/government-finances-reveal-a-30m-surplus/ My Theory is the IOM has been given this money by HMRC under the guise of additional VAT revenue sharing. Also I’m sure additional amount will be given if we comply with the new Public Beneficial Registers, along with Jetsey and Guernsey. No doubt this additional £30 million will be spent by the time Tynpotwald Church is over. Over 75s TV licences Green Capital Infrastructures Projects More Civil Servants Civil Servants Pensions Link to comment Share on other sites More sharing options...
monasqueen Posted July 5, 2019 Share Posted July 5, 2019 Tital: "Were in the money"? Does that mean you're no longer in the money? Link to comment Share on other sites More sharing options...
Bobbie Bobster Posted July 5, 2019 Share Posted July 5, 2019 13 minutes ago, monasqueen said: Tital: "Were in the money"? Does that mean you're no longer in the money? When pointing out a spelling or grammatical error in a social media post, the probability of making a further error approaches 100%. Link to comment Share on other sites More sharing options...
Non-Believer Posted July 5, 2019 Share Posted July 5, 2019 Might explain the sudden rush to start spending vast amounts of money again. This has been mooted a few times over the past couple of months? Perhaps we could employ some dentists. Although no doubt various cabals will be greedily eying it up. Link to comment Share on other sites More sharing options...
Uhtred Posted July 5, 2019 Share Posted July 5, 2019 2 hours ago, Bobbie Bobster said: When pointing out a spelling or grammatical error in a social media post, the probability of making a further error approaches 100%. Rubbich! Link to comment Share on other sites More sharing options...
Donald Trumps Posted July 5, 2019 Share Posted July 5, 2019 Presumably it will be used to pay down liability for civil service pensions Be good if half of it went to pay down MUA debt Link to comment Share on other sites More sharing options...
Non-Believer Posted July 5, 2019 Share Posted July 5, 2019 44 minutes ago, Donald Trumps said: Be good if half of it went to pay down MUA debt It would be an absolute spit in the ocean. Link to comment Share on other sites More sharing options...
hissingsid Posted July 5, 2019 Share Posted July 5, 2019 This is what caused all the trouble last time...bragging Ministers..look how well we are doing..smirk, smirk and look what happened a thorough assessment of the vat share and we were screwed. Admittedly we were on a good thing but advertising it was not the best idea, f.....g amateurs, do not know when to keep their heads down and mouths shut. I bet someone from the Corbyn clan are making a note of this as we speak. God help the Island if Labour get into no 10 although it looks more unlikely by the minute. As for how to spend it Chris Thomas has probably got plenty of fanciful ideas each one more ridiculous than the last. Link to comment Share on other sites More sharing options...
Donald Trumps Posted July 5, 2019 Share Posted July 5, 2019 16 minutes ago, Non-Believer said: It would be an absolute spit in the ocean. Do you know how large MUA debt is? Link to comment Share on other sites More sharing options...
Roger Mexico Posted July 5, 2019 Share Posted July 5, 2019 3 hours ago, Bobbie Bobster said: When pointing out a spelling or grammatical error in a social media post, the probability of making a further error approaches 100%. There's even a name for it. There's actually more detail in the press release: Quote The highlights include: income was significantly higher than expected – a total of £1,066m which was £20.5m better than budget and an improvement of £31.1m on the previous year income tax receipts up by £14.5m to £238m other income sources were better than budget by £6.0m the closing market value of the externally managed reserves, including cash, was £1,749m, or £1,873m including the investment in the Isle of Man Steam Packet Company spending on NI-funded benefits was lower than budget by £4.7m, mainly due to retirement pensions which were £6.3m lower. That reduction enabled a transfer to the Healthcare Transformation Fund of £1.4m overall revenue surplus of £30.8 million So it's mainly not because they're spending less. The 'saving' on pensions looks like they miscalculated the results from the increase in pension age, and of course that will be a one-off anyway. Either that or Couch and his minions were even better at killing people off than we knew.off they're Link to comment Share on other sites More sharing options...
Non-Believer Posted July 5, 2019 Share Posted July 5, 2019 Just now, Donald Trumps said: Do you know how large MUA debt is? Precisely DT. @ £450M at the last count, wasn't it? £15M's not going to make much of a dent in that? Link to comment Share on other sites More sharing options...
Donald Trumps Posted July 5, 2019 Share Posted July 5, 2019 Every little helps At present ordinary householders are subsidising commercial electricity costs - this isn't right, & the sooner the debt burden is reduced the better Link to comment Share on other sites More sharing options...
Non-Believer Posted July 5, 2019 Share Posted July 5, 2019 2 minutes ago, Roger Mexico said: There's even a name for it. There's actually more detail in the press release: So it's mainly not because they're spending less. The 'saving' on pensions looks like they miscalculated the results from the increase in pension age, and of course that will be a one-off anyway. Either that or Couch and his minions were even better at killing people off than we knew.off they're With the Steamie staunchly valued at the price they actually paid for it. Wishful thinking? Link to comment Share on other sites More sharing options...
Donald Trumps Posted July 5, 2019 Share Posted July 5, 2019 5 minutes ago, Roger Mexico said: There's even a name for it. There's actually more detail in the press release: So it's mainly not because they're spending less. The 'saving' on pensions looks like they miscalculated the results from the increase in pension age, and of course that will be a one-off anyway. Either that or Couch and his minions were even better at killing people off than we knew.off they're Is IOMG again raiding the NI fund? Link to comment Share on other sites More sharing options...
Rushen Spy Posted July 5, 2019 Share Posted July 5, 2019 The idea that just because in one financial year there's a small surplus doesn't mean our finances are somehow magically resolved. You have to look at the accounts over the course of decades and see that such a sum is a drop in the ocean compared to our ongoing and projected liabilities. Calm down and stop thinking up stupid new ways to spend this "£30 million" you think has grown on a tree somewhere. Link to comment Share on other sites More sharing options...
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