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The Masked Tulip

Why The Bank Of England’S Qe Program May Hurt The U.k. Economy

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Unlike the U.S., mortgage debt in Britain is financed at the short end. Also, most companies also rely on either floating or shorter-term debt for funding purposes (though some larger U.K. firms do issue longer-dated debt). Plus, the U.K. pension regulator makes companies every year mark-to-market their pension liabilities — and then contribute to their defined benefit programs to plug any new gaps. He cites data from the consultant LCP showing that FTSE 100 companies have diverted around £10 billion ($15 billion) a year into their pension funds in each of the last three years in an effort to keep these deficits stable.

http://blogs.marketwatch.com/thetell/2013/05/13/why-the-bank-of-englands-qe-program-may-hurt-the-u-k-economy/

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the U.K. pension regulator makes companies every year mark-to-market their pension liabilities — and then contribute to their defined benefit programs to plug any new gaps.

Didn't Gidiot stop that one and allow gaps to be swept under the carpet? Or didn't it come in?

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Talking of pensions, has anyone watched the telly over the last couple of days and seen the DWP pensions propaganda, telling you to put money away as your company will match it?

Presumably this is some kind of benevolent 'if you want your company to cough up too, you'll have to buy our shitty govt bonds and plug the deficit so we can keep on paying NHS pensions far bettter than yours' (or else Ian Muckyclusky will wave his fist around and take the whole NHS out on strike.)

Id rather hand money over to Donald Trump than give it to the NHS pensions scheme.

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No idea. Sorry.

I posted something about it going to consultation

http://www.housepricecrash.co.uk/forum/index.php?showtopic=186242&view=findpost&p=909223722

1.137 The Government is determined to ensure that defined benefit pensions regulation does

not act as a brake on investment and growth. The Department for Work and Pensions

(DWP) will consult on providing the Pensions Regulator with a new statutory

objective to consider the long-term affordability of deficit recovery plans to

sponsoring employers. The Government also recognises that volatility in measures of pension

scheme deficits can make it hard for companies to manage their investment plans and attract

external funding. DWP will also consult on whether to allow companies undergoing

valuation in 2013 or later to smooth asset and liability values

http://cdn.hm-treasury.gov.uk/autumn_statement_2012_complete.pdf

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  • 244 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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