Hairy Poppins Posted February 21 Share Posted February 21 Just now, CrazyDave said: What are reserves now? Whats in the pot? Someone quoted it on here last week and usable reserves are about £550m. There's more 'in the pot' but it seems to be marked for other liabilities. Would be good to see an update from government. Quote Link to comment Share on other sites More sharing options...
slinkydevil Posted February 21 Share Posted February 21 31 minutes ago, Harry Lamb said: Teare was just another right-wing mediocrity. He couldn't even read the short speeches his officers wrote for him without sounding like the class dunce. A petty, insignificant drone: why does the north of the island keep voting in these no-marks? That's the point though. In any region, if you have 6 or 7 unsuitable candidates you'll still end up with 2 unsuitable candidates elected. MHKs are mainly people who read other people's policies out loud. 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted February 21 Share Posted February 21 (edited) 23 minutes ago, Hairy Poppins said: Someone quoted it on here last week and usable reserves are about £550m. There's more 'in the pot' but it seems to be marked for other liabilities. Would be good to see an update from government. Details will be in the published accounts £2bn in externally invested funds and £190m internal reserves as at 31/3/23 https://www.gov.im/media/1380905/central-government-management-accounts-year-ended-31-march-2023-11123.pdf Edited February 21 by Banker 1 Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 21 Share Posted February 21 9 hours ago, Amadeus said: Well he’s probably working on his next election campaign as we speak. Yes, I too heard Josem was already getting geared up for the next election... 5 Quote Link to comment Share on other sites More sharing options...
ian rush Posted February 21 Share Posted February 21 20 minutes ago, Albert Tatlock said: Yes, I too heard Josem was already getting geared up for the next election... You missed Gaza City off the list. 1 Quote Link to comment Share on other sites More sharing options...
x-in-man Posted February 21 Share Posted February 21 Meanwhile- in other budget news, defence payments to the UK are still paying dividends with the Manx contributions holding up well in tests. https://www.bbc.co.uk/news/uk-68355395 1 Quote Link to comment Share on other sites More sharing options...
CrazyDave Posted February 21 Share Posted February 21 1 hour ago, Banker said: Details will be in the published accounts £2bn in externally invested funds and £190m internal reserves as at 31/3/23 https://www.gov.im/media/1380905/central-government-management-accounts-year-ended-31-march-2023-11123.pdf Thanks. So it increasing, despite us dipping into it. Harley going to run out on a few years as a few here seem to believe then. Quote Link to comment Share on other sites More sharing options...
Interested Reader Posted February 21 Share Posted February 21 5 minutes ago, CrazyDave said: Thanks. So it increasing, despite us dipping into it. Harley going to run out on a few years as a few here seem to believe then. The externally invested funds are largely the NI Fund which is supposedly ringfenced to provide state pensions. So unless you want your state pension squandered to support a public sector that can’t right size itself properly the £190M that are “free reserves” is actually quite concerning considering they were over £500M not that long ago. 4 2 Quote Link to comment Share on other sites More sharing options...
Jarndyce Posted February 21 Share Posted February 21 21 minutes ago, CrazyDave said: Harley going to run out… Let’s leave Howard out of this, shall we? 😉 1 Quote Link to comment Share on other sites More sharing options...
Shake me up Judy Posted February 21 Share Posted February 21 We know what needs to be done (See Woolley's post) but I doubt that Tynwald actually has the power to start taking an axe to all the areas of overspend. The public sector are independent fiefdoms, and not part of government. Revenue deficits are 'not their problem'. We saw it with the rogue MEA loan and we've seen it with the huge overspends at Transport and the Airport. Even if Tynwald had the will, who's really holding the reins ? 1 4 Quote Link to comment Share on other sites More sharing options...
Declan Posted February 21 Share Posted February 21 I'm not sure it makes much difference who we vote for. The Government is always returned. There was quite a large vote against sitting MHKs last time - especially ministers. I'm pretty sure the Labour, Lib Van, Green, Wallenburgh and Stu Peters voters thought they were voting against the status quo. Whilst in Peel where 70% didn't vote for Minster Hamer and 93% didn't vote for Minister Boot - were they voting for "same again". The problem is a programme for government is never put to the people to support or reject. It's drawn up by a Chief Minister, who is only selected after we vote. Additionally, MHKs don't have the support of political party infrastructure and membership or their own researchers to propose ideas or courses of action. So rely on what the senior CS propose. And they're not answerable to the electorate but to the organisation. 4 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 21 Share Posted February 21 The annual IoM PS wage bill is @ £600M pa and growing. For the last few years we have had to pull £100M< pa from reserves to close the gap between revenue and spending, yet after those years we are still doing it. The question needs to be asked, How long do they intend to leave the revenue - spending gap unaddressed other than continually drawing on reserves? I strongly suspect that the NI fund is going to be drawn upon which will not be popular in the quarters who know and care about what is going on but as the majority don't, they will do it, amending legislation as necessary. Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 21 Share Posted February 21 2 minutes ago, Non-Believer said: The annual IoM PS wage bill is @ £600M pa and growing. For the last few years we have had to pull £100M< pa from reserves to close the gap between revenue and spending, yet after those years we are still doing it. The question needs to be asked, How long do they intend to leave the revenue - spending gap unaddressed other than continually drawing on reserves? I strongly suspect that the NI fund is going to be drawn upon which will not be popular in the quarters who know and care about what is going on but as the majority don't, they will do it, amending legislation as necessary. Not forgetting the whopping taxpayer donation to the government employee pension pot! Quote Link to comment Share on other sites More sharing options...
CrazyDave Posted February 21 Share Posted February 21 17 minutes ago, Non-Believer said: The annual IoM PS wage bill is @ £600M pa and growing. For the last few years we have had to pull £100M< pa from reserves to close the gap between revenue and spending, yet after those years we are still doing it. The question needs to be asked, How long do they intend to leave the revenue - spending gap unaddressed other than continually drawing on reserves? I strongly suspect that the NI fund is going to be drawn upon which will not be popular in the quarters who know and care about what is going on but as the majority don't, they will do it, amending legislation as necessary. Wasn’t it a published five year plan of using reserves that we are only part way through? Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted February 21 Share Posted February 21 1 minute ago, CrazyDave said: Wasn’t it a published five year plan of using reserves that we are only part way through? A lot can happen in five years and so plans are only a guide. The one constant though is the public sector headcount that just rises and rises, year after year and basic services go in the opposite direction. 2 1 Quote Link to comment Share on other sites More sharing options...
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