It seems that stiffing us on our pensions wasn't enough...

[Euro-commuter]

No, it is more like 100 billion. You have omitted the growth that would have accrued over those 10 years.

The 50 billion would not be static in a fund somewhere.

No, it would be losing money in a pension fund

[wendigo100]

Somebody should learn to count. That would be the fabled £5billion per year dividend tax credit hit. I make that £50billion so far.

No, it is more like 100 billion. You have omitted the growth that would have accrued over those 10 years.

The 50 billion would not be static in a fund somewhere.

[Churchill]

Jeez, why does everyone get so defensive when someone challenges them.....

Don't worry, it's only EC - he has an inferiority complex and knows **** all about economics.

[Let-Me-In]

Jeez, why does everyone get so defensive when someone challenges them.....

[Euro-commuter]

Thanks for the heads up on the typo. I guess that's why I'm not chancellor then, eh?

As for trying to pin something on you, I'm not. It's just that if those chaps in the city can't double your money in 5 years then what's the point paying them?

Oh, I agree with that. They lift far more from pension funds that Brown ever dreamed of. And they don't use it to build roads and hospitals.

[Churchill]

May I paraphrase for you?

"I suppose 50 = 100".

Well, I suppose that if the pension funds had not lost that 5bn every year, they might indeed now have more than 50bn, just maybe (have you seen their record over the last 10 years?). But that would want at least a little bit in the way of calculation, not just a bald statement that is out by 100%. It is, be honest, fairly clear that what is being talked about is the lost input, not the hypothetical gains that just might have been had from it.

PS billion, not million.

PPS do you really think that the average Joe soubles his money every 7 years? Do you really think that most investment managers double their money every 5 years? No, of course you don't and you didn't say that you did. So why are you tring to pin those figures on me??

Thanks for the heads up on the typo. I guess that's why I'm not chancellor then, eh?

As for trying to pin something on you, I'm not. It's just that if those chaps in the city can't double your money in 5 years then what's the point paying them?

[Euro-commuter]

£5billion a year * 10 years + (Whatever interest & investment revenue)

I suppose if your average joe is looking to double his money every 7 years then those clever(and I use the term extremely fecking loosely!) investmet chaps should be able to double every 5 years or less.

So I suppose 100 million isn't too far off the mark.

May I paraphrase for you?

"I suppose 50 = 100".

Well, I suppose that if the pension funds had not lost that 5bn every year, they might indeed now have more than 50bn, just maybe (have you seen their record over the last 10 years?). But that would want at least a little bit in the way of calculation, not just a bald statement that is out by 100%. It is, be honest, fairly clear that what is being talked about is the lost input, not the hypothetical gains that just might have been had from it.

PS billion, not million.

PPS do you really think that the average Joe soubles his money every 7 years? Do you really think that most investment managers double their money every 5 years? No, of course you don't and you didn't say that you did. So why are you tring to pin those figures on me??

[Churchill]

Somebody should learn to count. That would be the fabled £5billion per year dividend tax credit hit. I make that £50billion so far.

A lot of money, but I don't pay much attention to rants from people who can't even do that sum.

Anyway, it's peanuts compared to what sales commissions drain off.

From this, by CUK logic, you will doubtless be able to deduce that I like Brown. Not. But I do have to say that if you think Brown is in it to buy honours for his friends, you don't know squat. And not just because he doesn't have any!

£5billion a year * 10 years + (Whatever interest & investment revenue)

I suppose if your average joe is looking to double his money every 7 years then those clever(and I use the term extremely fecking loosely!) investmet chaps should be able to double every 5 years or less.

So I suppose 100 Billion isn't too far off the mark.

[Euro-commuter]

£100billion? Where did it all go? Did Cherie spend that much on make-up? Has Gordo been buying honours for his "friends"? It's a scandal of monumental proportions.

Somebody should learn to count. That would be the fabled £5billion per year dividend tax credit hit. I make that £50billion so far.

A lot of money, but I don't pay much attention to rants from people who can't even do that sum.

Anyway, it's peanuts compared to what sales commissions drain off.

From this, by CUK logic, you will doubtless be able to deduce that I like Brown. Not. But I do have to say that if you think Brown is in it to buy honours for his friends, you don't know squat. And not just because he doesn't have any!

[BrilloPad]

£100billion? Where did it all go? Did Cherie spend that much on make-up? Has Gordo been buying honours for his "friends"? It's a scandal of monumental proportions.

it was spent on importing doctors. who then try to blow things up.

[BoredBloke]

" It's a scandal of monumental proportions."

But nothing will come of it. Like the last time the fat git will get away with it.

[Moose423956]

"In almost his first act as Chancellor, Brown imposed a pension stealth tax which has since cost retirement funds around £100billion."

£100billion? Where did it all go? Did Cherie spend that much on make-up? Has Gordo been buying honours for his "friends"? It's a scandal of monumental proportions.

[Diver]

I think we were better off with Blair. this pirate is far too smart.

[Ruprect]

http://www.express.co.uk/posts/view/13593