Airport.

[offshoremanxman]

5 minutes ago, WTF said:

so energy is 1/3rd of the main factors which over here electric wise is government.

Energy, SPC shipping costs, water and sewage utility costs then the skyrocketing cost of actually providing all public services the,selves. All are government set factors in the cost of living. That must be at least 50% of Manx inflation right there. 

[Banker]

42 minutes ago, WTF said:

so energy is 1/3rd of the main factors which over here electric wise is government.

Which was kept artificially low by subsidies in winter thus reducing inflation, energy is subject to worldwide gas oil prices outside government control, if subsidies continue then obviously taxes will have to rise 

[WTF]

7 minutes ago, Banker said:

Which was kept artificially low by subsidies in winter thus reducing inflation, energy is subject to worldwide gas oil prices outside government control, if subsidies continue then obviously taxes will have to rise 

or the price of gas used in our power station can fall, which it has.

[Yibble]

1 hour ago, Ringy Rose said:

real-terms pay cut

It's not a pay cut. It's an increase in prices, driven largely by the energy cost situation. Why should some employees feel they have the right to almost automatic earnings protection against price increases, presumably to be funded by taxes to be levied on those who don't? If they want a bigger pay rise, they need to earn it through productivity increases and support for cost (/headcount) reduction.

[Andy Onchan]

1 hour ago, Banker said:

Which was kept artificially low by subsidies in winter thus reducing inflation, energy is subject to worldwide gas oil prices outside government control, if subsidies continue then obviously taxes will have to rise 

No, previously racked up debt is the main driver. They have admitted that.

[Ringy Rose]

2 hours ago, Banker said:

So you’re happy for public services to be cut & pay more taxes to fund higher rises for all the civil servants

Higher taxes? We could start with an increase in the HNWI elected tax rate which hasn’t been touched for years and start charging some corporation tax to all the brass plaques. Even 0.5% would give a nice return.

1 hour ago, Yibble said:

It's not a pay cut.

If inflation is 21% over the last two years and pay rises have been 11%, it is a pay cut.

 

 

[Andy Onchan]

1 hour ago, Yibble said:

It's not a pay cut. It's an increase in prices, driven largely by the energy cost situation. Why should some employees feel they have the right to almost automatic earnings protection against price increases, presumably to be funded by taxes to be levied on those who don't? If they want a bigger pay rise, they need to earn it through productivity increases and support for cost (/headcount) reduction.

Correct. The elephant in the room is being deliberately ignored. The problem is that there is no moratorium on new positions. It's an absolutely crazy situation. Unless they stop employing new people then it will only get worse.

[Ringy Rose]

1 minute ago, Andy Onchan said:

The problem is that there is no moratorium on new positions.

Of course there isn’t. They don’t work. That’s been proven countless times.

The last moratorium on hiring new staff is precisely why ATC at the airport is so chronically undermanned.

[Andy Onchan]

2 minutes ago, Ringy Rose said:

Of course there isn’t. They don’t work. That’s been proven countless times.

The last moratorium on hiring new staff is precisely why ATC at the airport is so chronically undermanned.

There'll be a steady exodus when tax rates go up, which they'll have to increase to stem the financial hole that's getting bigger and bigger and showing no signs of stopping.

[forestboy]

4 minutes ago, Andy Onchan said:

There'll be a steady exodus when tax rates go up, which they'll have to increase to stem the financial hole that's getting bigger and bigger and showing no signs of stopping.

The same could be said if or when Labour gain power in UK

[WTF]

19 minutes ago, Ringy Rose said:

 

If inflation is 21% over the last two years and pay rises have been 11%, it is a pay cut.

no, it's a reduction in disposable income which isn't the same thing.

[Banker]

23 minutes ago, Ringy Rose said:

Higher taxes? We could start with an increase in the HNWI elected tax rate which hasn’t been touched for years and start charging some corporation tax to all the brass plaques. Even 0.5% would give a nice return.

If inflation is 21% over the last two years and pay rises have been 11%, it is a pay cut.

 

 

I agree HNWI tax needs upping, but taxes particularly NI needs to go up for all to fund public services, pay rises of 5%+ for all civil servants including high earners is just unaffordable, also on top of the 5% there’s also higher pension & NI contribution’s. Don’t forget all retired civil servants have just hD 10.1% increase in pensions & these inflation protected pensions need to be taken into consideration when giving pay rises above normal population 

Edited June 6, 2023 by Banker

[Andy Onchan]

2 minutes ago, forestboy said:

The same could be said if or when Labour gain power in UK

The point is, there'll be no difference between the quality of life on Mann and UK. IOM will have lost not only any fiscal advantage but general well being. The advantage of being in UK at that point is that there'll be a greater choice in the "cultural" market.

[Ringy Rose]

17 minutes ago, Andy Onchan said:

There'll be a steady exodus when tax rates go up

Some may leave, some won’t. But corporation tax of 0% isn’t sustainable. And the HNWI cap hasn’t been touched for years.

9 minutes ago, Banker said:

these inflation protected pensions need to be taken into consideration when giving pay rises above normal population

Pensions aren’t as good for current staff as they are for retired staff though, which is another problem. Though it’ll sort itself out in due course naturally.

Pension contributions from employees also go up if wages go up, so swings and roundabouts really. And as public sector pensions are basically paid for by current employees that’s no bad thing. 

The public sector accepted 6% last year which was pragmatic but two successive years of 10%+ inflation has really started to bite now. 5% isn’t a good offer when inflation is still well above 10% and when inflation is being driven by greed in the energy and agriculture industries.

[GD4ELI]

55 minutes ago, forestboy said:

The same could be said if or when Labour gain power in UK

I doubt it.