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Paul Kennedy

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Everything posted by Paul Kennedy

  1. http://www.telegraph.co.uk/business/2016/12/09/record-uk-exports-drive-huge-narrowing-trade-deficit/ Clearly not doomed just yet....and hopefully never. With a more realistically valued £, there are great opportunities for British companies to increase their exports and to compete more favourably in the home market.
  2. The bus lane on Wilderspool Causeway is rarely used...given the reduction in bus services, coupled to which, for a section of it you can legally park a car in it, meaning that the few buses that do use it have to pull out in to the main traffic flow. Waste of time and should be done away with.
  3. Guilty as charged. Back on to the substantive issue of the topic....at today's PMQ's, Peter Bone asked the question what contribution would the EU be making to the UK so that the 27 can have access to our market....now there's a thought.
  4. Given the obesity crisis, it seems too many people are having cake and eating it.
  5. Just wondering what the legal fees are for the original High Court and now Supreme Court Brexit case. The irony, I guess, is that most of the legal fraternity who are getting the fees voted to remain.
  6. I have duly edited my original cut and paste post....with a bit of Latin.
  7. ....funnily enough I bought a couple of books at the airport the other week....the first for a long time.........Ken Clarke's Kind of Blue and Nicholas Shaxson's Treasure Islands - Tax havens and the men who stole the world.
  8. and true to form, they did....not sure that the petition was welcomed really: "In response Councillor Anthony Higgins said that the council would take time to fully digest, process and understand fully the findings of the report and only then would they make it openly available. He added that he welcomed the petition and thanked the organisers and those who had signed the petitions for giving the cause heart. He assured them he was himself an advocate for library’s (sic) but that they should understand that the proposals were exactly that and not a done deal. He added that all authorities were struggling to cope with the unprecedented cuts the Government had imposed upon them".
  9. Ay....and as is often said, we have elections and the Council/Government always wins....by that it means the establishment....in its various forms wins....eventually......so as with Brexit, where the establishment doesn't initially win, it fights back....and eventually gets its way.
  10. It already has, Brexit being a local example where a majority of those who voted in Warrington, voted to leave, Mr Trump and the Italian Referendum being the two international examples.......
  11. Or more likely is that WBC's current administration will blame the current government for cuts........
  12. One of my favourite songs....albeit a very haunting one. Here is a link with the words of the song.
  13. .....they also voted to leave the EU because they were totally and utterly fed up with the "establishment"....and many probably took the view that leaving the EU wouldn't make their lives any worse than they are at the moment....and with a Referendum their vote would count and maybe for once they could be heard...and what shocks me is that the "establishment didn't realise that....and most of them still don't.
  14. Italian banks are, I understand, the most in crisis...as is its economy. Its Government could fall if next month's Referendum there doesn't go the way their Government want...and given the mood of voters in Western democracies....it might well fall.....mind you that is nothing new in Italy....they regularly used to have a change of Government annually....indeed at its worst a couple of Governments a year.
  15. PS With regards to the new Council offices, there absolutely was a fully costed business plan to justify the additional capital cost which then became an integral part of the overall budget for the Times Square regeneration project. Here's a controversial thought, why not make the new Council offices the new Town Hall.......and sell off the current one...to the company who wanted to develop Walton Hall...and who have successfully developed in co-operation with Wigan MBC, Haigh Hall in Wigan. http://www.haighhallhotel.co.uk/ and on one of the opening pictures is a former WBC Councillor and now a Wigan MBC Councillor joining in the keys handover photo call.
  16. My analogy to boilers relates to "other capital projects" rather than the town centre regeneration....street lighting could be an example.
  17. Given that Council Tax is about £80 million per annum, that is probably factually correct......indeed salaries, employers NI and pension contributions might well exceed that figure.
  18. I will be paying the £30, as in my circumstances it seems the best option...not least because often when I go to the tip....I end up with a nail or screw in my tyres. Charging has been on the cards for sometime as are other potential changes...it is just easier politically to introduce changes when there are no elections until 2020.
  19. The theory is that most capital projects are self financing, so for example the Times Square project (£110 million) the rent earned by letting out properties and the savings made by housing all council staff in the new office building...and disposing of the unused offices... etc generates enough income to both repay the loan and its interest...and if not the development itself can be sold off...with the assumption that it will have increased in value....as did Golden Square. Now if the theory doesn't go to plan, interest will be paid out of revenue expenditure...possibly to the detriment of other services, and the capital of the loan will have to be financed by taking out an additional loan or extending the existing loan. Other capital projects are based on the business case that the long term cost is less than the costs incurred if nothing is done....a very simple analogy is that people upgrade their heating boiler to the latest model that costs less to run and repair, so over time the cost of the new version is less than the cost of continuing to run the old model. In the case of loans to registered social landlords, it is a simple numbers game whereby the social landlords pay to WBC more than WBC borrowed and the "profit" becomes income that WBC can then use to pay for services...WBC's secures the loan against property owned by the social landlord.
  20. Different category of money Milky.........demolishing things and then rebuilding is capital expenditure.......of which WBC can borrow plenty at historically low interest rates, whilst emptying bins is revenue expenditure (day to day spending) which comes from income such as Council Tax, charges, fees, government grants etc. In the last financial year WBC had Gross Revenue Expenditure of about £470 million...and Council Tax income was about £80 million....local authorities cannot borrow money to pay for day to day expenditure....and currently are limited by how much they can increase council tax by. WBC had borrowings of about £260 million and investments of about £50 million.
  21. Interestingly Observer, I understand that at least one Korean manufacturer, Kia makes its cars in the EU...Slovakia.
  22. A rather sad day for democracy when a wealthy individual can go to Court and convince Judges ( who most likely voted remain) to frustrate/nullify the result of the Referendum. I post as someone who voted to Remain....but never wanted a Referendum in the first place. If I was Mrs May....and if it is possible, I would put a Motion to Parliament along the lines, "that this House accepts the Referendum result to leave the EU and in so doing instructs HM Government to enact Article 50 and commence negotiating the UK's exit from the EU".....and let us see who of those who say they accept the result actually do.
  23. Ay, such is life, no wonder folk get so annoyed.
  24. Just recently, I have heard the figure of 1 million being quoted, from what as I recall was a reputable source, it of course might be the best estimate for the core illegals number i.e. those who are well established in the UK is around the 450,000 mark, with the addition being a rolling number of those who overstay their permits for a while, then go home. The reality is, whatever the number, it is not a good situation and just fuels animosity and suspicion.
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