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Euro exchange rate at 1.09

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Comments

  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    newsgroup_monkey wrote: »
    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.

    See paragraph 10. According to Office for National stats, average public sector pay is now 10% higher than private sector. Pay in many parts of private sector is dire.

    http://www.timesonline.co.uk/tol/comment/columnists/alice_miles/article5354902.ece
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    mr.broderick wrote: »
    Where to guy?

    OH is going ski-ing in Norway on 28th Dec.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    mitchaa wrote: »
    Pound now dropped to just under 1.04Euro at post office:eek:

    1.12eu to £ deal I got at weekend is looking pretty good now.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    neverdespairgirl wrote: »
    OH is going ski-ing in Norway on 28th Dec.

    Norway, love it. Guy where in norway?
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Ski pass works out at about £27 per day for 8 days.
    Happy chappy
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    mr.broderick wrote: »
    Norway, love it. Guy where in norway?

    Lidlehammer. No idea how to spell it, though!
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    neverdespairgirl wrote: »
    Lidlehammer. No idea how to spell it, though!

    Is he there with you?
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Tonight? No, he's in Newcastle, for a case tomorrow. The place where the Winter Olympics were a few years ago, that's where he's going.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    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.

    PFI is sometimes held on balance sheet. Sometimes it isn't. It depends on the structure used and the risk transferred to the private sector. There are more areas that should be on the balance sheet - but not all - some relate to future income spending, e.g. on GPs salaries in private contracted suppliers.

    You can't bring all committed future expenditure flows onto the balance sheet and call it debt - not if you want to show meaningful statistics - the government has to pay staff salaries next year, that is next year's expenditure and will be met from next year's taxes.

    There are 3 different things here.

    Salaries which come out of cashflow - we are not commited to pay Civil Servants next year as we can make then redundant instead.

    PFI/Pensions - the Government has signed contracts in our name to pay these. They are liabilities but we don't pay interest on them.

    Debt - A liability with a cashflow impact as we are commited to paying interest on it.
    neverdespairgirl wrote: »
    Tonight? No, he's in Newcastle, for a case tomorrow. The place where the Winter Olympics were a few years ago, that's where he's going.

    You mean Lillehammer. Meant to be a jolly nice place.
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