Comments on: Public sector pensions http://timworstall.com/2009/06/29/public-sector-pensions-2/ It is all obvious or trivial except... Sat, 11 Feb 2012 18:45:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Martin http://timworstall.com/2009/06/29/public-sector-pensions-2/comment-page-1/#comment-31354 Martin Mon, 29 Jun 2009 19:42:34 +0000 http://timworstall.com/?p=8199#comment-31354 In 'The Storm', Vince Cable got Fred Goodwin's name wrong. He called him Frank Godwin. In ‘The Storm’, Vince Cable got Fred Goodwin’s name wrong. He called him Frank Godwin.

]]> By: john b http://timworstall.com/2009/06/29/public-sector-pensions-2/comment-page-1/#comment-31344 john b Mon, 29 Jun 2009 16:41:58 +0000 http://timworstall.com/?p=8199#comment-31344 @LFAT: a) you know who invented PFI, right? b) you know that nothing in the existence or accounting treatment of public sector pensions has changed since 1997, right? IFRS is the way one accounts for things, if one is an accountant rather than an ignorant blowhard. The current lot are the only lot first to report government finances on UK GAAP (rather than the rigged, not-a-financial-standard that all previous governments of either hue used), and now to move from UK GAAP to IFRS in line with changes in corporate reporting. There are many things to criticise the current government for, compared to previous governments. Obfuscation in the public accounts is something that absolutelyisn't one of them, and anyone who suggests that it is /immediately/ proves they don't know what they're talking about. @LFAT: a) you know who invented PFI, right? b) you know that nothing in the existence or accounting treatment of public sector pensions has changed since 1997, right?

IFRS is the way one accounts for things, if one is an accountant rather than an ignorant blowhard. The current lot are the only lot first to report government finances on UK GAAP (rather than the rigged, not-a-financial-standard that all previous governments of either hue used), and now to move from UK GAAP to IFRS in line with changes in corporate reporting.

There are many things to criticise the current government for, compared to previous governments. Obfuscation in the public accounts is something that absolutelyisn’t one of them, and anyone who suggests that it is /immediately/ proves they don’t know what they’re talking about.

]]> By: dearieme http://timworstall.com/2009/06/29/public-sector-pensions-2/comment-page-1/#comment-31327 dearieme Mon, 29 Jun 2009 11:21:51 +0000 http://timworstall.com/?p=8199#comment-31327 "I would introduce new measures of national debt within weeks of taking over": yup, and they could call the publication a "Brown Paper". “I would introduce new measures of national debt within weeks of taking over”: yup, and they could call the publication a “Brown Paper”.

]]> By: Serf http://timworstall.com/2009/06/29/public-sector-pensions-2/comment-page-1/#comment-31317 Serf Mon, 29 Jun 2009 10:48:05 +0000 http://timworstall.com/?p=8199#comment-31317 I agree with letters from a Tory. I would introduce new measures of national debt within weeks of taking over. I agree with letters from a Tory.

I would introduce new measures of national debt within weeks of taking over.

]]> By: ChrisM http://timworstall.com/2009/06/29/public-sector-pensions-2/comment-page-1/#comment-31316 ChrisM Mon, 29 Jun 2009 10:40:27 +0000 http://timworstall.com/?p=8199#comment-31316 I reckon that public sector pensions should track the size of the economy. We are often being told that every bit of public spending is actually a good investment in the economy. Great, lets see them put their money where their mouth is. If the economy goes does the toilet, so will their pensions. I reckon that public sector pensions should track the size of the economy. We are often being told that every bit of public spending is actually a good investment in the economy. Great, lets see them put their money where their mouth is. If the economy goes does the toilet, so will their pensions.

]]> By: Letters From A Tory http://timworstall.com/2009/06/29/public-sector-pensions-2/comment-page-1/#comment-31308 Letters From A Tory Mon, 29 Jun 2009 09:19:12 +0000 http://timworstall.com/?p=8199#comment-31308 If Cameron really wanted to put the cat among the political pidgeons, he could introduce new measures for national debt that included all of Labour off-balance-sheet items such as PFI and pensions. They would have no comeback. If Cameron really wanted to put the cat among the political pidgeons, he could introduce new measures for national debt that included all of Labour off-balance-sheet items such as PFI and pensions. They would have no comeback.

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