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+--- Thread: Growth (/showthread.php?tid=37673)
RE: Growth - baggy1 - 05-23-2025
Bit tetchy tonight aren’t you dear, I’m giving up on political commentary with all the abuse it brings. I’ll just stick to pointing out misstatements. I was just addressing your point on the private school numbers and putting some context around it, and in general supporting your view that numbers are down.
RE: Growth - man in the corner shop - 05-23-2025
If you spend all of your time pointing out Proth's misstatements, you ain't going anywhere baggy1.
RE: Growth - Protheroe - 05-23-2025
(05-23-2025, 05:59 PM)man in the corner shop Wrote: If you spend all of your time pointing out Proth's misstatements, you ain't going anywhere baggy1.
Glasshouses. And unfunded DB pensions.
RE: Growth - man in the corner shop - 05-23-2025
I'm trying not to lower myself to your Daily Express level of debate but here you go.
https://www.pensionsage.com/pa/LGPS-funding-reaches-record-high-with-45bn-surplus.php
RE: Growth - baggy1 - 05-23-2025
There is a mild hyprocracy in somebody who will receive at least one DB pension scheme moaning about them being underfunded. I presume unfunded was just a typo.
RE: Growth - man in the corner shop - 05-23-2025
As for the "unfunded" ones. Pay people a decent wage and make them pay into their pensions. It becomes funded. Cost £1.6bn a year. OBR
"In our October 2024 forecast, we expect unfunded public sector pensions spending in 2024-25 to total £1.6 billion. That would represent around 0.1 per cent of total public spending, and is equivalent to £57 per household, and is about 0.1 per cent of national income."
You'll be telling me next how hard I have it running my businesses.
RE: Growth - Protheroe - 05-23-2025
(05-23-2025, 06:14 PM)man in the corner shop Wrote: As for the "unfunded" ones. Pay people a decent wage and make them pay into their pensions. It becomes funded. Cost £1.6bn a year. OBR
"In our October 2024 forecast, we expect unfunded public sector pensions spending in 2024-25 to total £1.6 billion. That would represent around 0.1 per cent of total public spending, and is equivalent to £57 per household, and is about 0.1 per cent of national income."
You'll be telling me next how hard I have it running my businesses.
You are funny.
Just to copy and paste from the answer on the other thread:
*some* DB pensions are funded. For instance the Civil Service pension scheme has liabilities of £350 billion and is entirely unfunded.
Britain currently has £1.2 trillion worth of public sector pension liabilities, three-quarters of which are unfunded. (ONS)
I suggest you complain to the Office For National Statistics about their "drivel."
RE: Growth - Protheroe - 06-01-2025
“A majority of Labour MPs oppose Rachel Reeves spending plans”
They really weren’t ready for this were they?
RE: Growth - Protheroe - 06-05-2025
Think taxation is a drag on growth? Think Proth is talking bollocks about disincentives?
"The drag effect of such [Tax Threshold] freezes is significant. As our analysis below shows, had the £50,270 higher rate threshold kept pace with rising wages over the past two and a half decades it would now be close to £75,000, and on track to be nearly £80,000 by 2028.
To put it another way, someone earning twice the average wage in 2000 would have paid almost no higher-rate tax. Today, had their pay risen in line with average wages, 36% of their income would fall into the 40% rate."
https://www.fidelity.co.uk/markets-insights/personal-finance/personal-finance/fiscal-drag-why-so-many-now-pay-higher-rate-tax/
RE: Growth - tHEgLASSdOORS - 06-05-2025
Has this turned into a self therapy blog?