We are all about £10 better off this week

https://www.lawgazette.co.uk/law/high-court-grants-chancellor-a-600m-windfall/5111247.article?utm_so

Didn't find your answer?

Replies (9)

Please login or register to join the discussion.

paddle steamer
By DJKL
24th Jan 2022 13:59

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.

Thanks (1)
Replying to DJKL:
avatar
By Hugo Fair
24th Jan 2022 16:41

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.

Thanks (1)
A Putey FACA
By Arthur Putey
24th Jan 2022 14:29

In terms of the national debt we are microscopically less badly off

Thanks (0)
Replying to Arthur Putey:
paddle steamer
By DJKL
24th Jan 2022 14:46

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.

Thanks (0)
Replying to Arthur Putey:
paddle steamer
By DJKL
24th Jan 2022 14:46

... ---...

Thanks (0)
Replying to DJKL:
avatar
By Hugo Fair
24th Jan 2022 16:28

- --- -.. .- -.-- /.. ... / .-.. . .- .-. -. / -.-- --- ..- .-. / -. .-- -- . /.. -. / -- --- .-. ... . / -.-. --- -.. . / -..- ---

Thanks (1)
avatar
By Justin Bryant
24th Jan 2022 17:18

One thing's for sure; these benefactors would be rolling in their graves if they knew how carelessly HMG was managing this debt. See: https://www.bbc.co.uk/news/uk-politics-60117513

Thanks (1)
Replying to Justin Bryant:
avatar
By Hugo Fair
24th Jan 2022 17:54

"It is a far, far better thing that I do ..."
An honourable man ... whatever was he doing in politics (even in HoL)?

Thanks (1)
avatar
By Calculatorboy
24th Jan 2022 23:18

It's immaterial to me

Thanks (0)