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davidhpc

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Posts posted by davidhpc

  1. Funny that he wasn't talking about this 'imported' inflation when Ipods and Chinese tat were dragging the figure down to 2% a few years ago. If that was the case we should have had interest rates to give us inflation of about minus -10% during those years.

    He's just a crook, and a liar. And he's now cramming his pension fund with as much taxpayer cash as he can before he's shown the door.

  2. here's how the BBC 'balances' spending your money on recruitment advertising

    " Yesterday The Telegraph had a letter that gave information about how much money the BBC spent on job advertisements for the different newspapers: In The Guardian, the BBC spent a massive £231,944; in The Telegraph, £32,535; in The Times only £6,159. yet The Telegraph has by far the largest circulation of the three quality dailies, with The Times some way behind and The Guardian a poor third. Don't even ask about The Express because the BBC doesn't advertise at all there."

    wonder why they don't advertise in the Mail, for 'balance' purposes, think they'll get a nice 'balance' of candidates from this 'balanced' advertising?

    (quote from biased bbc blog)

  3. just to rub it in,

    "A council in east London spent more than £111m on one office block, including more than £1,800 on individual designer lights, an investigation has revealed."

    "During the project bosses spent almost £10,000 on five designer light fittings - at a cost of £1,853 each.""The final £111.5m cost of the building was almost a third of the cost of Arsenal's 60,000-seater Emirates Stadium."

    more here news article

  4. "Families trying to sell their homes have slashed a massive £500million off the asking price since the beginning of August, research has revealed.

    It warned many people are becoming increasingly 'desperate' to sell amid fears that house prices could be set to plunge, or because their family finances are at breaking point.

    The research found more than one in three sellers have cut the asking price 'at least once' since it was put up for sale this year.

    "...

    Read more : http://www.dailymail...rty-plunge.html

  5. Hard-hitting article from the Financial Times Economics Editor,

    "The forecasts used by the Bank of England to set interest rates are biased and contain little useful information, a Financial Times audit has demonstrated.

    Despite having hundreds of economists working in the Bank, and the most sophisticated suite of economic models in the UK, the monetary policy committee’s forecasts since 1997 have achieved no better outcome than if the committee had simply predicted the average level for inflation and growth over the 13-year period.

    With concerns rising over the Bank's failure to foresee recent rises in inflation, these findings suggest the problems are, in fact, endemic. They will cast doubt over the credibility of its predictions for the course of the economy, due to be updated when it unveils its quarterly inflation report on Wednesday."

    need to register to read the full article at http://www.ft.com/cms/s/0/4e53a2de-a3f3-11df-9e3a-00144feabdc0.html

    good to see someone at last calling the weasels at the BofE

  6. So he can either pay back the expenses and say London was his primary residence, or say London was his secondary residence and pay 300K in tax but keep the expenses.

    Nothing wrong with running through until you end up with someone who didn't say one thing for expenses and another to the tax man.

    If you read the BBC article he correctly designated London as his 2nd home because he spent more time in Scotland. If a property has been your main residence in the previous 3 years then you pay no CGT tax on it. It had been his main and only home in the 3 years prior to selling it, so no CGT was due.

  7. The timeline as I understand it refutes that suggestion:

    1999 -> XXXX: buys London home

    2005 -> XXXX : buys home in Scotland (after winning seat)

    2005 -> XXXX : declares London as 2nd home for purposes of expenses

    2005 -> 2007 : claims £37,000 in expenses and development on '2nd' (London) home

    2007 -> 2007 : sells London home as 'principal primary residence', thus avoiding cgt @ 40%

    This is clearly a case of double designation, where a property is described as '2nd home' for expense purposes and 'Principal Primary Residence' for tax purposes.

    This is the kind of flipping Clegg was describing as "the worst" abuse of the parliamentary expense system. Alexander must go, or Clegg must.

    in the BBC article he is quoted as saying

    "Until the spring of 2006 this was the only property we owned," he said in a statement.

    "I had rented a place in Aviemore until then, we subsequently bought a place there and moved into it."

    I obviously personally don't know which is true.

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