LOL!! This is brilliant

Graham_Devon

Mr._Pricklepants wrote: »

No it hasn't.
A housing allowance was agreed as part of the package, simple as that.

Cheer up Prickly. You don't need to find argument all the time, especially when it was obviously a wry comment. It's christmas lad.

the_flying_pig

i guess there is a serious point here, with wider application.

rampant [well, beyond rampant, absurd crazy, lunatic, whatever] London HPI has made it more expensive to hire 'talent' from overseas, or from UK regions to London.

if the BoE is finding this even for a job that is so prestigious, it'll surely be doubly true for jobs that people are considering based on the overall package only.

maybe the BoE should buy a big house [with printed money, obviously] that the governer will always live in.

Graham_Devon

I just find it ill thought out to be honest....another seperation of the elite from the british public.

This comes at a time when we are saying under 25's should have housing benefit removed...simply because they are under 25. Councils are applying bedroom taxes to those who get council tax benefits. This comes at a time when Mervyn references households as "struggling". We have MPs flipping houses, and expense scandals still coming out.

To give someone 250k a year, specifically for housing costs, at a time when all this going on is lunacy.

Apparently the only reason he's getting a higher salary than mervyn is that the generous pension scheme is now closed, so they have to up his salary to compensate. Well that's OK, but they don't do that for any other public sector worker do they....and quite frankly there would be (rightly) an outcry if they did. It just seems that everything they state we have to cope with, doesn't apply to them, especially the new governor. In what other organisation would you get compensated because the outgoing worker had a better pension than yourself?!

As has been stated, a salary would be justified. I doubt this will be the end of it though. Theres already a storm approaching as his political roots seem to be coming through.

Even better, it's being reported his wife is a socialist!

coastline

Why doesn't the Government buy him a house....maybe they don't trust their own policies...;)
£2m home...cost £10,000 a month....in 5 years...only owe £1.75m...plus HPI..

grizzly1911

I wonder how his tax will be paid and whether it will truly reflect his renumeration.?

No doubt it will all be done according to the flaws in law.

Graham_Devon

grizzly1911 wrote: »

I wonder how his tax will be paid and whether it will truly reflect his renumeration.?

No doubt it will all be done according to the flaws in law.

There will probably be an allowance for that. Can't have him paying his own tax now can we.

C_Mababejive

#1 Fairs fair...he has kindly decided to come and help and we have to compensate him for living in a near Third World country.

N1AK

Graham_Devon wrote: »

He pays for his housing out of his salary?

Come on wotsthat, you can't seriously back this one up? The man is going to be setting out how we all live within the economic landscape, yet straight away, HE is demanding a living expense ON TOP of his salary....a living expense of 250k a YEAR. He's not gonna have a clue about the everyday person.

At least were all in this together.

It's a nonsensical argument. If you want someone to manage your economy then the rational priority is their capability to do the job not whether they know how the man on the street lives. He won't be setting policy on tax or expenditure anyway. It isn't like Merv's salary meant he was flat sharing and using the bus was it so unless you're saying we go for the best candidate £40k then you don't even support your own point.

Mr._Pricklepants

Graham_Devon wrote: »

Cheer up Prickly. You don't need to find argument all the time, especially when it was obviously a wry comment. It's christmas lad.

Okey doke, Graham.

How much do you think he should be paid then, in order not to upset you and the rest of the great british public?
624K + 250K housing allowance doesn't seem exaggerated for a position like governor of the BoE.

BertieUK

When his name for the position was first announced, several learned gents on this Forum thought that he was not worth the gamble because in their opinion he had possible peaked, and well there was only one way left for him to go at our expense.

Indeed I hope that he will proove them wrong, for all our sakes.