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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

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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.

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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.

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A Putey FACA
By Arthur Putey
24th Jan 2022 14:29

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

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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.

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Replying to Arthur Putey:
paddle steamer
By DJKL
24th Jan 2022 14:46

... ---...

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By Hugo Fair
24th Jan 2022 16:28

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

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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

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Replying to Justin Bryant:
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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)?

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By Calculatorboy
24th Jan 2022 23:18

It's immaterial to me

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