whoami

(First, an apology if this is the wrong forum for this subject, but general economics seemed to be the most apt area.) If there are any pension fund insiders out there, my question is this: If a DB pension scheme, with 0% annual revaluation of deferred benefits, supplied a transfer value in year x and then a second transfer value on the same day/month in year x+4, would the transfer value remain the same? It's a synthetic question, I know, but the answer could help me wrestle with my former employer about some compensation I'm due.

@warpig Now you're getting it 😏

About 8 hours. He's just been sidelined by his boss.

No one has to sell for prices to drop. You just need a lack of buyers. Trading volumes have been falling for weeks.

London will go when China goes. Most of the top-end 'bubble money' has come from China.

Guardian: "Savers at heart of Osborne's budget"

The DJIA undershot its expected high by quite some margin last week and is now heading down. The S&P also missed, but by a smaller margin. The DJ being the guv'nor and, given its latest lower peak, the short-term (6 month?) channel looks like heading south for a while. It might be a bit late shorting the FTSE from here though. Could be best to wait for an intermediate bounce for a better entry point. A 6-month bear seems to be consensus among the smart money, but given the height the market has reached recently, it looks an awfully long way down from here. 10-year DJIA Big dipper time maybe.

Complete bollucks. The Shard is empty.

For higher rate taxpayers - yes. There've been rumours of this for years and it's bound to happen sooner or later. Can't see them removing it for standard rate payers though - there wouldn't be much point paying into a pension then for most people.

It would cost more to implement than it would save. Been looked at many times.

You seem to be obsessed with free bus passes. The average cost of use per pensioner is about £100 per annum. They're hardly laughing all the way to the bank on that one.

It what way is borrowing to buy a house and paying off the loan, borrowing from the next generation? You've lost me there.

And then they will become the new boomers. Nothing changes. Mix through to Dorkins grandchildren sharpening their knives in 50 years time.

According to this site: http://www.isouthyorkshire.com/local/hospitals/2/ there are 19 'hospitals' in South Yorkshire. That puts the wastage at 28 meals per day, per hospital. More wasteful, but still hardly worth an article. Besides, the article also mentions "...mental health, elderly care and alcohol and drug treatment services at day centres and residential facilities..." , so who knows how many such 'establishments' they've included in the figures.

HPC spelling in dire straits too?