LOL!! This is brilliant

CLAPTON

Graham_Devon wrote: »

Other public servants "suffer" benefit in kind for this sort of arrangement and see their pay reduced. Yet when it comes to the "elite" it seems this type of arrangement is out of scope. Student doctors see their pay reduced for accomodation within hospitals etc.

Look at company cars. Were all taxed on them as it's of benefit to us. Even if the company owns them, you can't just have them for your personal use. MPs and the elite can though.

remember that he has a very left wing wife who will obviously want the very best for her family

Mr._Pricklepants

Graham_Devon wrote: »

You make him sound like some sort of magician....

Not at all.
I was just questioning what a 'fair' pay level would be for the position.
Hmm..maybe it's a bit high considering Christine Lagarde is 'only' on US$ 500K (tax free )

Graham_Devon

Mr._Pricklepants wrote: »

Not at all.
I was just questioning what a 'fair' pay level would be for the position.
Hmm..maybe it's a bit high considering Christine Lagarde is 'only' on US$ 500K (tax free )

And as I have said. I don't know. But this isn't what this thread is about. It's about the "housing allowance".

I have to question just how much demand there is for him too. If theres that much demand, as a banker, surely he'd be in a job worth millions? It's not like they don't exist and not like positions are not cropping up regularly enough, especially at the moment.

If theres so much demand, as people have said, hence his package, why is his package so low when you consider people like Bob Diamond?

Or is it the case that he's not really in such high demand? He could be making a fortune in some of those canadian companies.

You don't see 3rd division football clubs saying "oh this footballer is in so much demand, we'll have to pay him 400k a year". If the demand was true, he'd be on £10m a year.

CLAPTON

surely his actual job is simply to-

- declare BoE interest rate unchanged very month
-make the odd obscure speech covering all options so he can rarely be wrong
-attend major sporting occasions
-write the odd letter saying why inflation is too high and why it's not his fault.
-fail to notice any major problems with the world banks

Graham_Devon

CLAPTON wrote: »

surely his actual job is simply to-

- declare BoE interest rate unchanged very month
-make the odd obscure speech covering all options so he can rarely be wrong
-attend major sporting occasions
-write the odd letter saying why inflation is too high and why it's not his fault.
-fail to notice any major problems with the world banks

In fairness to Mervyn King, he does actually say some sensible, normal stuff, which many of us on here agree with.

Trouble is, he always says that at a dinner or speech. He never seems able to actually put them into action. Whether this is simply saying one thing and doing the other, or whether it's because he's held back by other members of the BOE, I don't know.

He's said house prices must come down to a level the economy can bare. He's stated QE can only go so far and that it's probably at a level now where they can't do anymore. He's stated interest rates must be used to peg commodity prices (and indeed, in the past, they have agreed and done this...in 2005 when interest rates started going up for that precise reason). He's stated the state cannot provide cheap lending to the detriment of society.

None of this actually seems to play through to policy though. Infact everything he says can't happen, appears to happen. I do have a feeling Mervyn King will say the most sensible stuff when he's finally left the establishment and doesn't have the reigns on.

Whether Mark Carney can achieve anything different to this and actually get his beliefs through is yet to be seen. His beliefs do appear to tie into what would be the best politically however, and he will go down well with the current board, who are, on majority, on the side of monetry easing and allowing high inflation. But I don't see why changing the man will make any difference at all. It was the same with Alistair Darling, who I have a lot of respect for. Could state the obvious. Could never put it into action. Infact, stating the bleedin obvious for him got him in enough trouble to buy TV air time for a public apology!

CLAPTON

Graham_Devon wrote: »

In fairness to Mervyn King, he does actually say some sensible, normal stuff, which many of us on here agree with.

Trouble is, he always says that at a dinner or speech. He never seems able to actually put them into action. Whether this is simply saying one thing and doing the other, or whether it's because he's held back by other members of the BOE, I don't know.

He's said house prices must come down to a level the economy can bare. He's stated QE can only go so far and that it's probably at a level now where they can't do anymore. He's stated interest rates must be used to peg commodity prices (and indeed, in the past, they have agreed and done this...in 2005 when interest rates started going up for that precise reason). He's stated the state cannot provide cheap lending to the detriment of society.

None of this actually seems to play through to policy though. Infact everything he says can't happen, appears to happen. I do have a feeling Mervyn King will say the most sensible stuff when he's finally left the establishment and doesn't have the reigns on.

Whether Mark Carney can achieve anything different to this and actually get his beliefs through is yet to be seen. But I don't see why changing the man will make any difference at all. It was the same with Alistair Darling, who I have a lot of respect for. Could state the obvious. Could never put it into action. Infact, stating the bleedin obvious for him got him in enough trouble to buy TV air time for a public apology!

yes indeed; that's what I mean about he always covered all the options but had no actions to achieve them.

maybe because the BoE has the wrong remit or indeed maybe there aren't the economic tools to do this.

BertieUK

Just as a matter of interest, I note that Mark Carney will have only been in his past position for only 5 years, or thereabouts making this the shortest term of any Governor of the Canadian Bank since before the 1930's

Maybe he just may shuffle the players around into the penalty box and score a goal, as long as it is not an own goal otherwise Mr Osborne will be shown the red card for putting him as captain. Once again the Team Leader is only as good as his players otherwise he will not sort out the state of the economy.

Generali

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.

He's running the Bank of England. !!!!!! does the lot of the common man mean?

The jealousy that Britons have towards those earning more than them is getting out of hand.

moneyinmypocket

There is a lot of bitterness in this thread

Generali

moneyinmypocket wrote: »

There is a lot of bitterness in this thread

I agree. To be fair I suspect that a lot of this comes from not knowing what a central bank does.