NoTailT Posted October 23, 2022 Share Posted October 23, 2022 1 minute ago, Twitch said: If Hooper and Lewin had any sense they would scrap it now. However... Lewin the king of vanity. Quote Link to comment Share on other sites More sharing options...
BriT Posted October 24, 2022 Share Posted October 24, 2022 14 hours ago, NoTailT said: Lewin the king of vanity. It it will have been someone idea. And they’ll never admit that their idea was rubbish. Because they’re civil servants Quote Link to comment Share on other sites More sharing options...
Boo Gay'n Posted October 24, 2022 Share Posted October 24, 2022 15 hours ago, NoTailT said: Lewin the king of vanity. Many years ago, at some corporate shindig or other, I overheard Lewin telling someone (with great pride) that he was Graham Lacey's appointed heir at the Sefton Group. What happened to all that then? 1 Quote Link to comment Share on other sites More sharing options...
Passing Time Posted October 24, 2022 Share Posted October 24, 2022 1 hour ago, BriT said: It it will have been someone idea. And they’ll never admit that their idea was rubbish. Because they’re civil servants The industry weren't behind this when they touted the idea last year yet the clowns still went ahead with it Quote Link to comment Share on other sites More sharing options...
cissolt Posted October 24, 2022 Share Posted October 24, 2022 20 hours ago, BriT said: Well that’s where I was going next as I thought the credits (your own money!) expired after a certain length of time after being loaded so it would be interesting to know how long that £30K has sat there for. Maybe a corporate gave some rewards to staff last Xmas that they’ve still not spent as they didn’t like what you could spend it on? Capital international bought most of the cards. The DFEs pet company, or strongest lobbyist. Quote Link to comment Share on other sites More sharing options...
english zloty Posted November 22, 2022 Share Posted November 22, 2022 hugely popular scheme is to be reintroduced https://www.iomtoday.co.im/news/government-help-for-businesses-as-cost-of-living-rise-bites-574051 quote Hooperman "The LoveIOM gift card plays an essential role in keeping gifting spend within our economy versus being re-directed off-island in the form of online market place vouchers. Following the success of the previous LoveIOM Top-up Incentive Campaign, which generated over £40,000 of funds last Christmas, the card is seen as a win-win for both residents and businesses with the latter benefiting from a boost in patron numbers in slower trading months post-Christmas period." At which point, one has to wonder are they operating on the same planet? 1 1 Quote Link to comment Share on other sites More sharing options...
quilp Posted November 22, 2022 Share Posted November 22, 2022 Silk purse, sow's ear springs to mind. Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted November 22, 2022 Share Posted November 22, 2022 (edited) Ah the classsic government approach.... it didn't work. Okay lets throw some more money at it in the middle of a spectularly hard year for most peoples disposable income. So lets take a chunk of that scarcer income and put it on card with very limited use and an expiry date to boot. Obvioulsy Laurie Hooper wasn't a very good accountant if he doesn't understand the basic concept of sunk costs. Or to put it terms he could understand "Don't throw good money after bad". Sadly politicians do as they do to make themselves feel important and not effective. Pinewood ring a bell? Edited November 22, 2022 by CallMeCurious Quote Link to comment Share on other sites More sharing options...
NoTail Posted November 22, 2022 Share Posted November 22, 2022 "Obvioulsy Laurie Hooper wasn't a very good accountant if he doesn't understand the basic concept of sunk costs." I can confirm that 1 Quote Link to comment Share on other sites More sharing options...
Steady Eddie Posted November 23, 2022 Share Posted November 23, 2022 The more you read about this the bigger joke it becomes https://www.iomtoday.co.im/news/government-help-for-businesses-as-cost-of-living-rise-bites-574051 So they’re now adding .. Top-up Incentives A bonus credit of 25% to a maximum of £10.00 will be automatically added to cards purchased from 22nd November to 24th December 2022. So a maximum of a tenner if you load up to £40 what a massive benefit! Why not Weekdays-Credit back Incentives From January 23 to March 31 any spend on the LoveIOM Gift cards during weekdays (Monday-Thursday) will earn a 25% credit back (up to £50 on a spend of £200) the next day. A benefit you have to spend next day (which hardly anyone will) so it’s hardly a benefit at all and between two bizarre dates. Why 23rd Jan? Why not offer users a free punch in the face, or one used sock with a hole in it if they’re going to resort to such pathetic ‘benefits’ to encourage use? Quote Link to comment Share on other sites More sharing options...
John Wright Posted November 23, 2022 Share Posted November 23, 2022 5 minutes ago, Steady Eddie said: Why not Weekdays-Credit back Incentives From January 23 to March 31 any spend on the LoveIOM Gift cards during weekdays (Monday-Thursday) will earn a 25% credit back (up to £50 on a spend of £200) the next day.A benefit you have to spend next day (which hardly anyone will) so it’s hardly a benefit at all and between two bizarre dates. Is that what it says, or means? Quote Link to comment Share on other sites More sharing options...
Steady Eddie Posted November 23, 2022 Share Posted November 23, 2022 3 minutes ago, John Wright said: Is that what it says, or means? It’s what it infers. The whole press release is badly written. In fact the most accurate bit is the comment left at the bottom. Quote Link to comment Share on other sites More sharing options...
cissolt Posted November 23, 2022 Share Posted November 23, 2022 How much are gef the mongoose receiving out of this new scheme? Quote Link to comment Share on other sites More sharing options...
John Wright Posted November 23, 2022 Share Posted November 23, 2022 2 minutes ago, Steady Eddie said: It’s what it infers. The whole press release is badly written. In fact the most accurate bit is the comment left at the bottom. No, it infers the 25% credit will appear and be available the day following the original expenditure. There is nothing to say or infer, when the credit has to be spent. 1 Quote Link to comment Share on other sites More sharing options...
Twitch Posted November 23, 2022 Share Posted November 23, 2022 33 minutes ago, cissolt said: How much are gef the mongoose receiving out of this new scheme? Looks like they're well above £100k to date. So much 'development cost'... Quote Link to comment Share on other sites More sharing options...
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