Electricity Price Hike

[asitis]

10 minutes ago, Two-lane said:

This is Tim Crookall, about a year or so ago, giving his in-depth, analytical, view of the engineering and financial aspects of the status of the Liverpool landing stage project...

 

 

The laughing would be amusing except, the taxpayers aren't laughing about this inexcusable cock up costing many millions of pounds whilst the front line services go to hell !

[woolley]

16 hours ago, Happier diner said:

I thought the VAT just came as a % share of UK vat revenue.

 

12 hours ago, GD4ELI said:

Correct.

Not correct. Based on VAT actually paid by IOM residents.

[0bserver]

48 minutes ago, genericUserName said:

Let's hope that, sooner or later, that OECD ruling on corporation taxes fixes this.

Clearly we should be levying corporation taxes - but probably fear being the first of the tax havens to break ranks.

Can still be the cheapest.

Tell me you don't understand the island's economy without telling me you don't understand the island's economy.

[Dirty Buggane]

If the fuckwits had not decided to spunk 100,000,000+ on Liverpool shed we would of been in a much better place to weather the energy crises storm. What am I saying they would of found something else to waste the money on, a flock of gold plated seagulls majestically soaring above the beegee's statues.

And so we would of still been trying to claw back money by serving our children less food in schools under the disguise of saving them from being obese. So what about the bucket of chicken and three burgers they will go on to eat because lunch left them hungry.

 

[Non-Believer]

2 hours ago, Two-lane said:

This is Tim Crookall, about a year or so ago, giving his in-depth, analytical, view of the engineering and financial aspects of the status of the Liverpool landing stage project...

 

 

Two things of immediate concern arise from this clip.

Firstly this individual is making light of, and appears to find, financial aspects of a public project that is now 30 times over budget risible.

Secondly, this individual is now heading a Statutory Board that is saddled with almost half a billion pounds-worth of debt and is currently doing its best to unload more and more of it onto the tax and bill-paying public.

Such a combination is worrying.

[Ham_N_Eggs]

1 hour ago, woolley said:

 

Not correct. Based on VAT actually paid by IOM residents.

No, it's based on estimates of VAT paid here and across using measures such as the household income survey. From the Govt Explanatory document:

"VAT returns rendered in the UK and IoM contain only high-level information and do not provide information on the goods and services that VAT is being charged on or where those goods and services are being consumed. It is therefore necessary to undertake periodic surveys in the IoM to determine the level of goods and services which are being consumed in the IoM and then calculate the amount of VAT that would have been applied to those goods and services. "

[Ham_N_Eggs]

1 hour ago, Roxanne said:

That didn’t age well. And it was cringeably awful to begin with. 

He also didn't last long as Infrastructure Minister.

[woolley]

3 hours ago, woolley said:

 

Not correct. Based on VAT actually paid by IOM residents.

 

1 hour ago, Ham_N_Eggs said:

No, it's based on estimates of VAT paid here and across using measures such as the household income survey. From the Govt Explanatory document:

"VAT returns rendered in the UK and IoM contain only high-level information and do not provide information on the goods and services that VAT is being charged on or where those goods and services are being consumed. It is therefore necessary to undertake periodic surveys in the IoM to determine the level of goods and services which are being consumed in the IoM and then calculate the amount of VAT that would have been applied to those goods and services. "

Which is a convoluted way of saying precisely what I said in a few words.

[Moghrey Mie]

3 hours ago, Roxanne said:

That didn’t age well. And it was cringeably awful to begin with. 

'We're looking at it.' 'We've looked at it.' 'We're going to look at it.'

All you need to deal with the media.

[Omobono]

something is radically wrong when we bring in a firm from the UK to look at the accounts of the MUA  at a cost of £135K only to tell us they have been loosing £ 1 million a week for at least  the last year , makes you wonder what we have been paying the financial team in the MUA  to do, 

what a dreadful state of affairs have they left this island in , and when is someone in authority  in government going to step up and say  we cant possibly continue   spend our way out of trouble ,by raiding reserves and this idiotic nonsense of  growing the population no matter whet the cost or outcome , 

[Banker]

7 hours ago, Omobono said:

something is radically wrong when we bring in a firm from the UK to look at the accounts of the MUA  at a cost of £135K only to tell us they have been loosing £ 1 million a week for at least  the last year , makes you wonder what we have been paying the financial team in the MUA  to do, 

what a dreadful state of affairs have they left this island in , and when is someone in authority  in government going to step up and say  we cant possibly continue   spend our way out of trouble ,by raiding reserves and this idiotic nonsense of  growing the population no matter whet the cost or outcome , 

Yes anyone with reasonable numeracy could look at their accounts & tell them they need to put up prices & cut costs to stop losses.

however I haven’t seen anything about costs being cut, they continue to increase wages in line with civil servants despite massive losses, there should be some sort of wage freeze for at least higher paid staff, no mention of staff reductions? They continue with massive headcount including meter readers whilst rolling out smart meters, huge fleet of expensive vehicles etc

[Non-Believer]

Profligacy is an embedded part of MUA culture. IMHO, this is born of the belief that they provide an essential service (they do) but which runs on a bottomless pit basis and which entitles them to them to untold generosity in terms and conditions.

It is a law unto itself and it will take more than a merry go round of unqualified Chairmen (with no insight beyond what they are told by the recipients of this largesse) to address it.

[Happier diner]

1 hour ago, Non-Believer said:

Profligacy is an embedded part of MUA culture. IMHO, this is born of the belief that they provide an essential service (they do) but which runs on a bottomless pit basis and which entitles them to them to untold generosity in terms and conditions.

It is a law unto itself and it will take more than a merry go round of unqualified Chairmen (with no insight beyond what they are told by the recipients of this largesse) to address it.

Looks like we get good value to me. Despite all the negativity about our little energy supplier

https://www.gov.uk/government/publications/energy-price-guarantee-regional-rates/energy-price-guarantee-regional-rates-january-to-march-2023

[Non-Believer]

2 minutes ago, Happier diner said:

Looks like we get good value to me. Despite all the negativity about our little energy supplier

https://www.gov.uk/government/publications/energy-price-guarantee-regional-rates/energy-price-guarantee-regional-rates-january-to-march-2023

Thanks Tim.

Have they already offered you a new top-spec 4 x 4 or something?

You appear to have overlooked the small fact that our "little energy supplier" has managed to get itself into @ half a billion pounds worth of debt that it is expecting the taxpayer to clear?

Edited March 8, 2023 by Non-Believer
Extra bit

[Andy Onchan]

9 minutes ago, Happier diner said:

Looks like we get good value to me. Despite all the negativity about our little energy supplier

https://www.gov.uk/government/publications/energy-price-guarantee-regional-rates/energy-price-guarantee-regional-rates-january-to-march-2023

But they can't/couldn't even recover the costs of running the business (despite or in spite of it being "little"), never mind turning in a surplus to be used for future development.

Barry Murphy is correct, the current economic climate doesn't justify the tariff increases of past failures to address the core issue.... tackling costs.

Edited March 8, 2023 by Andy Onchan