Baron99 771 #601 Posted November 24, 2019 40 minutes ago, Pettytom said: That sort of thing just makes it more necessary to take ownership of our power generation You take ownership of the assets, you also take ownership of the liabilities. Have Lab costed not only buying the businesses, which they appear to have undervalued but also paying off shareholders, (don't think Govt Bonds will wash at a return of 2% when the shares in many of the companies are running at 7%), as well as maintaining the pension funds for the workers involved. There is also the pension funds of millions of other workers to think of which are currently invested in these large multi-nationals. Share this post Link to post Share on other sites Share this content via...
Pettytom 1 #602 Posted November 24, 2019 40 minutes ago, Baron99 said: You take ownership of the assets, you also take ownership of the liabilities. Have Lab costed not only buying the businesses, which they appear to have undervalued but also paying off shareholders, (don't think Govt Bonds will wash at a return of 2% when the shares in many of the companies are running at 7%), as well as maintaining the pension funds for the workers involved. There is also the pension funds of millions of other workers to think of which are currently invested in these large multi-nationals. Any fund manager who doesn’t want a bond at 2% can sell and buy other shares. The best funds have a mix of assets though. Don’t forget that. Share this post Link to post Share on other sites Share this content via...
Robin-H 11 #603 Posted November 24, 2019 (edited) 5 hours ago, Pettytom said: It is quite a big hole, but here we go again chucking silly numbers around like they need to be paid for immediately. The waspi women have been shabbily treated and it is right that they should get their pension entitlement reinstated. The money will need paying over the next 20-30 years, which in the region of £2bn a year. A lot of money, but not terrifyingly so. Sometimes you just have to do the right thing. Is it over 20-30 years? Labour said it would make individual payments of an average of £15,380 to the 3.7 million women it claims were affected, with some payouts as high as £31,300. It doesn't suggest these would be spread out over 30 years unless they've just not mentioned that detail.. Edited November 24, 2019 by Robin-H Share this post Link to post Share on other sites Share this content via...
Baron99 771 #604 Posted November 24, 2019 (edited) And 'Gobby Head Girl'; isn't that how she self-styles herself, continues to be found out? https://www.dailymail.co.uk/news/article-7718847/Lib-Dem-leader-branded-climate-change-hypocrite-taking-77-flights-just-18-months.html She never heard of a train? Edited November 24, 2019 by Baron99 Share this post Link to post Share on other sites Share this content via...
altus 514 #605 Posted November 24, 2019 3 hours ago, Robin-H said: Is it over 20-30 years? Labour said it would make individual payments of an average of £15,380 to the 3.7 million women it claims were affected, with some payouts as high as £31,300. It doesn't suggest these would be spread out over 30 years unless they've just not mentioned that detail.. It said over 5 years on the news earlier today. Regardless, the amount is chicken feed compared to the hit the government's finances will take with Boris's hard brexit. Share this post Link to post Share on other sites Share this content via...
Pettytom 1 #606 Posted November 24, 2019 3 hours ago, Robin-H said: Is it over 20-30 years? Labour said it would make individual payments of an average of £15,380 to the 3.7 million women it claims were affected, with some payouts as high as £31,300. It doesn't suggest these would be spread out over 30 years unless they've just not mentioned that detail.. My mistake, apologies for that. The payments are spread over 5 years. It is still the right thing to do The state grabbing so much from a group of pensioners is palpably wrong and needs sorting out. It is Lib Dem policy to do so too Share this post Link to post Share on other sites Share this content via...
Man in Crete 97 #607 Posted November 24, 2019 7 hours ago, Man in Crete said: sorry I have missed something .......where does payment over 20/30/years come into it? are you there please? Share this post Link to post Share on other sites Share this content via...
El Cid 194 #608 Posted November 24, 2019 2 hours ago, Pettytom said: It is still the right thing to do The state grabbing so much from a group of pensioners is palpably wrong and needs sorting out. It is Lib Dem policy to do so too The Liberal Democrats stated that the compensation will be decided in line with the recommendations of the parliamentary ombudsmen, that sounds sensible. Share this post Link to post Share on other sites Share this content via...
Robin-H 11 #609 Posted November 25, 2019 11 hours ago, Pettytom said: My mistake, apologies for that. The payments are spread over 5 years. It is still the right thing to do The state grabbing so much from a group of pensioners is palpably wrong and needs sorting out. It is Lib Dem policy to do so too So it's an extra £11.6 billion a year that wasn't in their manifesto. Governments need to prioritise where money is spent, as (most) governments realise that you can't just borrow hundreds and hundreds of billions of pounds ad infinitum without harsh economic consequences. I'm not sure that given the figures involved this should be a priority. There could be a middle ground. Share this post Link to post Share on other sites Share this content via...
Anna B 1,365 #610 Posted November 25, 2019 19 minutes ago, Robin-H said: So it's an extra £11.6 billion a year that wasn't in their manifesto. Governments need to prioritise where money is spent, as (most) governments realise that you can't just borrow hundreds and hundreds of billions of pounds ad infinitum without harsh economic consequences. I'm not sure that given the figures involved this should be a priority. There could be a middle ground. Unless it's money to give to bail out the Banks. £350Billion in Quantatitive Easing raised just like that. Share this post Link to post Share on other sites Share this content via...
Robin-H 11 #611 Posted November 25, 2019 20 minutes ago, Anna B said: Unless it's money to give to bail out the Banks. £350Billion in Quantatitive Easing raised just like that. https://www.tutor2u.net/economics/blog/is-qe-a-magic-money-tree "I think that many A level students would agree that QE can be quite hard to get their heads around. It's a help when they realise that it is not a process of 'printing money', as many journalists have described it since 2009." Share this post Link to post Share on other sites Share this content via...
Pettytom 1 #612 Posted November 25, 2019 2 hours ago, Robin-H said: So it's an extra £11.6 billion a year that wasn't in their manifesto. Governments need to prioritise where money is spent, as (most) governments realise that you can't just borrow hundreds and hundreds of billions of pounds ad infinitum without harsh economic consequences. I'm not sure that given the figures involved this should be a priority. There could be a middle ground. Well there could be middle ground, but £12bn a year is an extraordinary amount for a government to take from a group of citizens. Maybe that’s when the middle ground should have been found. Share this post Link to post Share on other sites Share this content via...