Originally posted by Doggy Styles
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Gordon Brown's recession
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Originally posted by MrMark View PostRemoval of 150 billion in taxes? Surely a typo?
Not a typo at all !! 5 Billion a year since 1997 = 5 times 12 = 60 Billion
Then you have to add the compounded growth including inflation over 12 years that could have been expected within those pension funds on that 60 Billion. Experts have previously estimated the loss to pension funds of 150 Billion.Comment
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Originally posted by Cyberman View PostNot a typo at all !! 5 Billion a year since 1997 = 5 times 12 = 60 Billion
Then you have to add the compounded growth including inflation over 12 years that could have been expected within those pension funds on that 60 Billion. Experts have previously estimated the loss to pension funds of 150 Billion.Speaking gibberish on internet talkboards since last Michaelmas. Plus here on TwitterComment
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Originally posted by MrMark View PostAh - you meant removal of 150 Billion from the pension funds by taxes. I read it as "removal of 150 billion taxes" ie tax cuts. That's why I found it hard to comprehend.
Perhaps I should have said 'due to taxes', but is it no wonder that all pensions schemes are such a mess after that 'stealth tax' was implemented against the advice of Brown's own expert advisors.
What makes it worse is that the 5 Billion a year has been plainly wasted. The VAT reduction to 15% will cost 12.5 Billion. He could have left 2.5 years of that tax in pension schemes rather than doing that !!Comment
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Originally posted by Cyberman View PostThe Tories have been doing that since 1997Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Vote for whom you will , it is rather like having a different Captain on the Titanic
moving a few deckchairs here and mulling over which colour of paint to use on the decks - ultimately the ship's going down.Comment
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