Thanks to this generous judge.
https://www.lawgazette.co.uk/law/high-court-grants-chancellor-a-600m-win...
Replies (9)
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We are not, HMG will still take the tax from us they would have taken, we will see no benefit. Now if they had taken the dosh and sent everyone a cheque then yes, we would have saved, catch is there is more chance of a flying pink pig called Peppa floating past your window than HMG reducing their screw from the general public.
And even if the Treasury was treated as some sort of mutual/co-op society (in which we all had one share each), "the fund (will) allow the government to save £5.6m in annual interest payments."
So, without the aid of a calculator, that's less than 10p each p.a. - or under 0.2p for "this week".
Even with compound interest I'll not live long enough to claim my £10.
So what, the National Debt will never be paid down so it is frankly moot, these days it is not really an amount anyway but instead more a slippery percentage of GDP, in fact really just a state of mind.
HMG gathers in cash and spends it, anyone thinking a windfall somehow eases the tax take elsewhere does not know any politicians, they will all have spent it three times and announced the expenditure six times.
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"It is a far, far better thing that I do ..."
An honourable man ... whatever was he doing in politics (even in HoL)?