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The Real Reason Why The Bank Of England Aren't Worried About Inflation

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Following a comment I made in another thread about why the MPC members might not be too worried about inflation, i.e. their wages are rising above it, this afternoon I emailed the Bank of England requesting details about their salaries or a link to find them.

They sent me this link:

http://www.bankofeng...eport/index.htm

If you look at the 2010 "Renumeration" you find:

Mr Mervyn "Deflation" King

2009/2010 £305,764 2008/2009 £296,818 (+3%)

Mr Charles "Spend your savings" Bean

2009/2010 £254,292 2008/2009 £165,028 (+54%)

Non executive directors presumably including Adam "The recovery is not inflationary" Posen

2009/2010 £122,560 2008/2009 £92,200 (+32.9%)

Inflation? What inflation? My standard of living isn't dropping chorus the MPC members!!

(edited for "Renumeration" not as the previous "Annual report")

Edited by Redhat Sly

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Following a comment I made in another thread about why the MPC members might not be too worried about inflation, i.e. their wages are rising above it, this afternoon I emailed the Bank of England requesting details about their salaries or a link to find them.

They sent me this link:

http://www.bankofeng...eport/index.htm

If you look at the 2010 "Renumeration" you find:

Mr Mervyn "Deflation" King

2009/2010 £305,764 2008/2009 £296,818 (+3%)

Mr Charles "Spend your savings" Bean

2009/2010 £254,292 2008/2009 £165,028 (+54%)

Non executive directors presumably including Adam "The recovery is not inflationary" Posen

2009/2010 £122,560 2008/2009 £92,200 (+32.9%)

Inflation? What inflation? My standard of living isn't dropping chorus the MPC members!!

(edited for "Renumeration" not as the previous "Annual report")

Great stuff - just shows when you peak behind their bluffing 'fronts'.

Another one to look into is the Politicians

- I would love to know what 'hidden' extras they have voted for themselves (and higher discretionary spending) during their "We're all in it together" wage reduction/freezes!

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And they don't have the ability to predict recessions either.

He ain't called "Muffin Merve" for nothing!

Models laid bare!

What do you think goes on behind their huge BRONZE doors? :o

Edited by erranta

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He ain't called "Muffin Merve" for nothing!

Models laid bare!

What do you think goes on behind their huge BRONZE doors? :o

I would hope it involves drinks and party girls (models laid bare?), it's clear nothing of economic significance goes on behind the doors.

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I would hope it involves drinks and party girls (models laid bare?), it's clear nothing of economic significance goes on behind the doors.

Try thinking in terms of computer 'models' too - don't want to disturb your train of thought mind!

Whilst the UK sinks beneath the waves

Interested parties for the monthly orgy

Edited by erranta

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Following a comment I made in another thread about why the MPC members might not be too worried about inflation, i.e. their wages are rising above it, this afternoon I emailed the Bank of England requesting details about their salaries or a link to find them.

They sent me this link:

http://www.bankofeng...eport/index.htm

If you look at the 2010 "Renumeration" you find:

Mr Mervyn "Deflation" King

2009/2010 £305,764 2008/2009 £296,818 (+3%)

Mr Charles "Spend your savings" Bean

2009/2010 £254,292 2008/2009 £165,028 (+54%)

£418,500 cash equivalent of additional pension earned in year ending 28.2.2010

£188,200 cash equivalent of additional pension earned in year ending 28.2.2009

+122%!

Non executive directors presumably including Adam "The recovery is not inflationary" Posen

2009/2010 £122,560 2008/2009 £92,200 (+32.9%)

Inflation? What inflation? My standard of living isn't dropping chorus the MPC members!!

(edited for "Renumeration" not as the previous "Annual report")

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£418,500 cash equivalent of additional pension earned in year ending 28.2.2010

£188,200 cash equivalent of additional pension earned in year ending 28.2.2009

+122%!

Why has the cash equivalent of Mr Bean's pension gone up £536,900 (£1,972,600 - £1,435,700) between 2009 and 2010 when the accrued pension has only gone up £15k (£70,700 - £55,700)

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Following a comment I made in another thread about why the MPC members might not be too worried about inflation, i.e. their wages are rising above it, this afternoon I emailed the Bank of England requesting details about their salaries or a link to find them.

They sent me this link:

http://www.bankofeng...eport/index.htm

If you look at the 2010 "Renumeration" you find:

Mr Mervyn "Deflation" King

2009/2010 £305,764 2008/2009 £296,818 (+3%)

Mr Charles "Spend your savings" Bean

2009/2010 £254,292 2008/2009 £165,028 (+54%)

Non executive directors presumably including Adam "The recovery is not inflationary" Posen

2009/2010 £122,560 2008/2009 £92,200 (+32.9%)

Inflation? What inflation? My standard of living isn't dropping chorus the MPC members!!

(edited for "Renumeration" not as the previous "Annual report")

Good find. Now we have got real figures to back up why these MPC members are living in a different world.

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Bean wasn't appointed until July 2008 so, assuming they do their accounts on the tax year, his total 2008/2009 salary was probably about 25% lower than it should have been, so although the +54% increase makes a nice Daily Mail-esque shocker headline it's not technically a fair comparison.

I'd assume there is also some element of this in the Non-Executives as well but they do not separate it out.

Pensions I can't answer.

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Why has the cash equivalent of Mr Bean's pension gone up £536,900 (£1,972,600 - £1,435,700) between 2009 and 2010 when the accrued pension has only gone up £15k (£70,700 - £55,700)

I'd read that the other way around and that the extra £536,900 put into the pension only gets him an additional £15k/pa. I'm not sure how that works out in comparison to normal pension returns (the ROI I mean not the actual figure paid in!) but it seems to make sense.

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Good find. Now we have got real figures to back up why these MPC members are living in a different world.

Don't be stupid - they have to cough up vault fulls to attract 'the best' (phlegm)

Edited by erranta

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I'd read that the other way around and that the extra £536,900 put into the pension only gets him an additional £15k/pa. I'm not sure how that works out in comparison to normal pension returns (the ROI I mean not the actual figure paid in!) but it seems to make sense.

That makes more sense than the way I looked at it.

But has £536,900 really been added to his pension pot based on that salary? 211% of the £254k salary or should that be 325% of the £165k salary?

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I would hope it involves drinks and party girls (models laid bare?), it's clear nothing of economic significance goes on behind the doors.

Might be a pedo ring? They might have got bored shafting savers :ph34r:

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  • 146 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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