TheTeapot Posted January 13, 2020 Share Posted January 13, 2020 7 minutes ago, piebaps said: The accounts are here - you could just look yourself https://www.manxutilities.im/about-us/annual-reports-financial-statements/annual-reports-financial-statements/ Thanks for those, I will have a look when I'm at home. There is a reason I'd like the answers from a real person though. Link to comment Share on other sites More sharing options...
woolley Posted January 13, 2020 Share Posted January 13, 2020 1 hour ago, Derek Flint said: Good opportunity for some more in depth engagement Chris, rather than the limitations of ol’ Twitter! I think the biggest issue is ‘feel’ rather than stats - which don’t tend to read too badly. I was looking over at Ramsey town today, from the shipyard. It looks tired, run down, unloved, with shabby buildings and building plots, one of which has now lost two potential tenants for a development because of the hold ups on the demolition of the old Farmers Combine building. The other ‘feel’ is an impending threat from the new status of the UK and its likely bullish approach to attracting economic growth. And further to that, our own lack of potential growth on the scale that is really needed. We need another ‘finance sector’ type catalyst. Just can’t see where it is yet. I couldn't believe that anyone would be so stupid as to turn down a development bringing employment to Ramsey in order to save that edifice on the quayside. Why? You can't save everything from the past, and nor should you want to. If the main features could be incorporated into a new use, all well and good, but otherwise let it go and look forward. The building isn't so iconic. As for the UK's bullish approach to attracting growth, I think this is correct and I think it will be good for the CDs and BOTs. The offshores are efficient and convenient conduits for the City. The rest of the world won't be happy about it, but the rich and powerful will, so it will happen. Link to comment Share on other sites More sharing options...
Derek Flint Posted January 13, 2020 Share Posted January 13, 2020 3 minutes ago, woolley said: As for the UK's bullish approach to attracting growth, I think this is correct and I think it will be good for the CDs and BOTs. The offshores are efficient and convenient conduits for the City. The rest of the world won't be happy about it, but the rich and powerful will, so it will happen. I’m not so confident. If the UK goes to a low taxation model, there is limited value in either persisting or relocating here as a business. This is where the real risk prevails. We are particularly vulnerable due to our geographic proximity. Cayman, Turks and Caicos etc might have something different to offer, but we will just become and island hop. A further risk is that Ireland unites within the next decade. If Scotland takes independence, Wales may follow. Within 15 years the Kingdom may no longer be united. It’s a gamble knowing which way to pivot in all this, but whereas the current trajectory remains an option, I’m not convinced it is the safest one. Interesting times Link to comment Share on other sites More sharing options...
woolley Posted January 13, 2020 Share Posted January 13, 2020 12 minutes ago, Derek Flint said: I’m not so confident. If the UK goes to a low taxation model, there is limited value in either persisting or relocating here as a business. This is where the real risk prevails. We are particularly vulnerable due to our geographic proximity. Cayman, Turks and Caicos etc might have something different to offer, but we will just become and island hop. A further risk is that Ireland unites within the next decade. If Scotland takes independence, Wales may follow. Within 15 years the Kingdom may no longer be united. It’s a gamble knowing which way to pivot in all this, but whereas the current trajectory remains an option, I’m not convinced it is the safest one. Interesting times What would you consider an alternative trajectory? I don't see one at all. Even in that highly unlikely nuclear scenario of a total breakdown of the UK into constituent states (Wales??), none of them will have a zero corporate tax rate. The Island will still be a Crown Dependency, even if it was only of England, and will still be a satellite of the City of London, the greatest financial centre in the world. Always keep a-hold of Nurse For fear of finding something worse. Link to comment Share on other sites More sharing options...
Holte End Posted January 13, 2020 Share Posted January 13, 2020 16 hours ago, Chris Thomas said: will try to respond when I can. Mr Thomas is it true your statistics are based on american reality shows. Counting Cars - All cars are tourists and hold five people in each car, when coming off the boat. TT week six in each. Storage wars - DFE Economic evaluation of assets before awarding financial assistance or grants. Porn Stars - How Government reserves are raised into cash. Link to comment Share on other sites More sharing options...
Kopek Posted January 13, 2020 Share Posted January 13, 2020 Why was Economic Affairs taken into the Cabinet Office? Is it totally independent from all the other "Depts" in the Cab office? How can you assure 40,000 cynics that it is not leant on by the other interests? PS. I don't believe you! Link to comment Share on other sites More sharing options...
Derek Flint Posted January 13, 2020 Share Posted January 13, 2020 4 hours ago, woolley said: What would you consider an alternative trajectory? I don't see one at all. Even in that highly unlikely nuclear scenario of a total breakdown of the UK into constituent states (Wales??), none of them will have a zero corporate tax rate. The Island will still be a Crown Dependency, even if it was only of England, and will still be a satellite of the City of London, the greatest financial centre in the world. Always keep a-hold of Nurse For fear of finding something worse. No answer to alternative trajectories. To be honest, if I was getting paid to come up with them I might pay a bit more attention. And I wouldn't entirely bet against a 0% corporation tax in the UK. If they think it will entice business from the EU and further afield, who knows. Link to comment Share on other sites More sharing options...
Donald Trumps Posted January 13, 2020 Share Posted January 13, 2020 51 minutes ago, Kopek said: Why was Economic Affairs taken into the Cabinet Office? Is it totally independent from all the other "Depts" in the Cab office? How can you assure 40,000 cynics that it is not leant on by the other interests? PS. I don't believe you! It is interesting that we have Treasury with control of state enterprises, DfE in charge of economic development, & economic affairs in the Cabinet Office Bet they never meet to discuss economic development either Link to comment Share on other sites More sharing options...
Rushen Spy Posted January 13, 2020 Share Posted January 13, 2020 20 hours ago, Chris Thomas said: Economic Affairs Unit in Cabinet Office is the principal producer and collator of official statistics bollocks in the Isle of Man. Fixed. Link to comment Share on other sites More sharing options...
pongo Posted January 13, 2020 Share Posted January 13, 2020 Most of those who complain the most about IOM policy or have an opinion for Twitter about absolutely everything (they know little or nothing about) are basically hoping to become politicians. Mostly know-all blokes with a pitiful handful of 'followers'. People with too much time on their hands. Link to comment Share on other sites More sharing options...
pongo Posted January 13, 2020 Share Posted January 13, 2020 22 minutes ago, Grounds Keeper Willy said: Oh I don’t know. I think the main person you’re trying to have a dig at has well over 3,500 followers. Nope, I'm not "trying to have a dig at" anyone. It's a generic observation about this kind of thing in general but applied here to the IOM. It's blokes with too much time on their hands. Link to comment Share on other sites More sharing options...
Chris Thomas Posted January 13, 2020 Author Share Posted January 13, 2020 4 hours ago, Holte End said: Mr Thomas is it true your statistics are based on american reality shows. No. 2 hours ago, Kopek said: Why was Economic Affairs taken into the Cabinet Office? Is it totally independent from all the other "Depts" in the Cab office? How can you assure 40,000 cynics that it is not leant on by the other interests? PS. I don't believe you! To aid independence, and to support cross-government policy making. Economic Affairs Unit does produce and collate statistics independently. 1 hour ago, Donald Trumps said: It is interesting that we have Treasury with control of state enterprises, DfE in charge of economic development, & economic affairs in the Cabinet Office. Bet they never meet to discuss economic development either They do. In CoMin, CoMin National Strategy Group and in Manx National Development Forum for instance. Link to comment Share on other sites More sharing options...
pongo Posted January 13, 2020 Share Posted January 13, 2020 Are you the person with "over 3,500 followers" Willy? Link to comment Share on other sites More sharing options...
Chris Thomas Posted January 13, 2020 Author Share Posted January 13, 2020 8 hours ago, TheTeapot said: Not really statistics but I'd very much like to know from a real representative of the people, how much money has the Isle of Man government received each year in 'Toilet Tax' since it was introduced, and what exactly has this money been spent on? Absorbed into the MUA budget is not an acceptable answer. I'd also like to know how much of the MEA debt was paid off in the each of the 5 years before the introduction of the 'toilet tax', and how much has been paid off per year in each of the years following its introduction. Piebaps is right, but pleased to summarize, although I agree with you that your question is not really about statistics and the purpose of this thread is clarification and consideration of statistics. The amount raised in sewerage rate in 2018/19 was around £6 million, as explained in MUA accounts on December 2019 Tynwald order paper. This will be greater this year given rebalancing between water and sewerage rates agreed in Tynwald in October 2018 as follows: “Tynwald Notes that water and sewerage rates will be rebalanced, with water rates being reduced; approves a sewerage rate for the financial year commencing on 1 April 2019 of 210 pence in the pound plus the prevailing rate of inflation over the preceding 12 months as measured by the Manx Consumer Price Index to September 2018; and approves further sewerage rate increases for 1 April 2020, 1 April 2021, 1 April 2022 and 1 April 2023 at the prevailing rate of inflation over the preceding 12 months as measured by the Manx Consumer Price Index to the September of the preceding year.” Sewerage rate is used for sewerage costs. MUA external loan has been paid off, and internal loans reduced - in total approaching £150 million from memory. MUA has financial plan and pricing strategy for the medium and long term. 7 hours ago, piebaps said: The accounts are here - you could just look yourself https://www.manxutilities.im/about-us/annual-reports-financial-statements/annual-reports-financial-statements/ Link to comment Share on other sites More sharing options...
Rushen Spy Posted January 13, 2020 Share Posted January 13, 2020 1 hour ago, pongo said: Most of those who complain the most about IOM policy or have an opinion for Twitter about absolutely everything (they know little or nothing about) are basically hoping to become politicians. Mostly know-all blokes with a pitiful handful of 'followers'. People with too much time on their hands. Agreed and that's social media in general, and Manx Radio too, not to mention virtue signalling at protests and conveniently picking up litter on beaches while a camera happens to be in front of them. It's not just Twitter. Self-promoting people p-ss me off so much. When I pick up litter, I'm almost embarrassed that somebody might see me doing it, in case they think I'm doing it to try to virtue signal. What ever happened to humility? Link to comment Share on other sites More sharing options...
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