Euro exchange rate at 1.09

MissMoneypenny

tomstickland wrote: »

That's only the on-balance sheet debt. Add in the unfunded pensions and PFI expenditure and it's over 100%.

There was someone on the radio today speaking about the public sector pensions and saying how it can't go on with the public sector workers getting £3 of pension for every £2 they paid (the difference being made up by the tax payer).

He said this started because the public sector workers use to earned less than the private workers, but now the public workers wages were as good as the private sector, their pensions should reflect this.

tomstickland

sdooley wrote: »

There are more areas that should be on the balance sheet - but not all -

Put those on then and what is the percentage?

SillyOldReg

I know I may be getting old and becoming more and more cynical but it seems to me that Broon and his cronies are selling off all our silverware in order to justify their clear intentions.

Mandleson - now back in favour with Broon - has been trying to orchestra our rolling over and accepting the Euro as our primary currency for a number of years. He was after all, until recently, totally up the backside of the EU rulers. The same people I fear are soon to become our rulers when we are forced - through the total incompetence of Labour - to accept our fate.

This has been silently creeping up on us for many years. It could be Labour's 'hidden agenda', and now that we are significantly weaker in terms of national wealth it wouldn't surprise me to hear Broon suggest that we'd be better off to accept the Euro as it's stronger than our beloved pound.

Call me old fashioned if you wish!

Happy Christmas one and all.

richardlionheart

tomstickland wrote: »

I'm off skiing soon too. The money I've saved on petrol probably just about makes up for the extra cost due to exchange rates. I'm going to eat as much as possible in the chalet. There's also a really good patiserie by the main lift, so that'll cover my lunch each day.

not been skiing for 3 years now , what is the going rate for ski pass for a week
in the resorts nowadays ? i think i paid around £120 in the 3 valleys , France last time.


Rich

BiggaThanBen

richardlionheart wrote: »

not been skiing for 3 years now , what is the going rate for ski pass for a week
in the resorts nowadays ? i think i paid around £120 in the 3 valleys , France last time.
Rich

Was circa 30 euro per day if you buy a week's ski pass in Tirol, Austria two weeks ago ..

Scotalnd does not look that expensive now (if there is some snow of course) !

newsgroup_monkey

MissMoneypenny wrote: »

He said this started because the public sector workers use to earned less than the private workers, but now the public workers wages were as good as the private sector, their pensions should reflect this.

I'd be surprised if they were paid as well as public sector.

As someone who works for an outsourcing IT company, it never fails to amaze me the pittance that some people earn when we take them over.

I would go so far as saying that Public sector IT workers (and yes, there are a lot of them) are paid as much as 30% less.

The problem is, most of them thought it was a "Job for life" when they started out. Most people I work with are ex-public sector workers who have been forced out of the 2/3rds final salary pensions. Yes, they are "tuped" on the same Ts and Cs but if you want to move upwards, then of course you sign up to the new companies Ts and Cs.

kennyboy66_2

sdooley wrote: »

That canard. The German unfunded pension liabilities are many times higher than the UK's - their state pension pays out far more and their Beamter (unsackable senior civil servants) are renumerated at a level that would make Sir Humphrey squeal.

.

Of course you are right, but this is always ignored by the debt fanatics.
PFI would add between 5 and 8% points to the Debt / GDP ratio.

What people also ignore is that many German companies pension commitments are unfunded as well. This is not analogous to UK company pension deficits that usually vary with stock market values and life expectancy.

In 2005, only 40% of German pension commitments were matched with external investments.

In 2000 German pension fund assets were 13% of GDP - the UK's pension fund assets were 101% of GDP.

Yeah, yeah, yeah, Gordon Browns stole our pensions, sold our gold for 67p and is now going to seize our saving by creating inflation. Blah, blah, blah.

mitchaa

Pound now dropped to just under 1.04Euro at post office:eek:

mr.broderick

Guy_Montag wrote: »

Off skiing next week, after paying for the essentials, I don't think I'm going to spend anything else. Well no more than buying a baguette & cheese for lunch (to make before heading out).

Where to guy?

silvercar

I very nearly took euro forward options earlier in the year to sell at 1.25:eek: :eek: