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Tory cuts could be mighty unpleasant
Comments
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!!!!!! does mortgage the future mean? PFI contracts are used to provide assets for the future that will be paid for and utilised in the future, matching concept. I wonder sometimes
That's not how national accounts work though.
If the Government borrows to create a hospital then it has an asset (the building) and a liability (the debt).
If the Government uses PFI to create a hospital then the asset is still there but the liability isn't accounted for, ie is kept off the balance sheet. The problem isn't that the liability exists, it's that Governments (Tory and Lab) seem not to be making any kind of provision for it.
In that respect it's the same as the state and Civil Service pensions. That the liability exists is undeniable. That it's not accounted for in any way is crazy.0 -
Why do you say national accounts work like that and go on to explain why they don't i.e. the govt is not accounting for the liabilities (and presumably the assets).
In a private enterprise if a company entered into a leasing contract for cars they would not include the cars on the balance sheet nor the future rental costs. Why is this any different
I may add that the treatment of leasing payments is under review at the moment, so I suppose this could change.
http://www.iasb.org/News/Press+Releases/IASB+and+FASB+launch+public+consultation+on+a+future+standard+on+lease+accounting.htm'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Why do you say national accounts work like that and go on to explain why they don't i.e. the govt is not accounting for the liabilities (and presumably the assets).
In a private enterprise if a company entered into a leasing contract for cars they would not include the cars on the balance sheet nor the future rental costs. Why is this any different
Because the hospital in my example in a private company would be on the balance sheet as a 'finance lease' so the costs should represent a liability.
That's paraphrasing Mrs Generali anyway, who's training to become an accountrix.0 -
Because the hospital in my example in a private company would be on the balance sheet as a 'finance lease' so the costs should represent a liability.
That's paraphrasing Mrs Generali anyway, who's training to become an accountrix.
She correct because (on reflection) this transaction would certainly be classsed as a finance lease where the risks have not been transferred to the lessor.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
At a far higher total capital outset (often 2-3 times more) than what it would cost to do by cutting back in different public sector areas and spending what we can afford. So we can afford more in the future...!!!!!! does mortgage the future mean? PFI contracts are used to provide assets for the future that will be paid for and utilised in the future, matching concept. I wonder sometimes
Why do Socialists stuggle with this simple principle?0 -
At a far higher total capital outset (often 2-3 times more) than what it would cost to do by cutting back in different public sector areas and spending what we can afford. So we can afford more in the future...
Why do Socialists stuggle with this simple principle?
Seems like the Tories struggle with that particular principle as well, considering they introduced PFI
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
You saidThats like saying The nazis were innocent of genocide because the UK invented concentration camps you chimp!
'Why do Socialists stuggle with this simple principle?'
I was simply pointing out that Tories struggle as well 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Seems like the Tories struggle with that particular principle as well, considering they introduced PFI
The whole party political thing is ridiculous when it comes to the Government accounting for itself.
Government isn't a company and they should be open and straightforward about the liabilities to which they are exposing future generations.
One of you guys should go on Question Time and ask Labour and Tories why they lie by omission by not accounting for the country's liabilities and then ask the smirking Lib Dem why they've never called the parties that actually get voted for to account!0 -
As has been proved, whatever government gets in makes it a priority to screw the voters - how you vote just depends on who you would like to screw you.:mad:
They have all been seen to be self serving liars whose only goal is to either get or to retain power.:rolleyes:
Anyone that thinks things will improve under Cameron has a lot to learn lol:rotfl:
Lin;)You can tell a lot about a woman by her hands..........for instance, if they are placed around your throat, she's probably slightly upset.
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