NHS Pension

It's not correct to say that they change in direct proportion or anywhere near that. It's more to do with the availability of finance.

Well so long as it meets the Govt. MFG (minimum funding guarantee) I am sure it will pay out in full (ha, ha..)

availability of finance = ample liquidity and cheap money, the de rigeur of monetary creation.

Heh, so that's where my council tax is going! :) As you're aware even if it's "funded" it's simply a wealth transference exercise no matter how they label it, I bet that shortfall will balloon once a good number finally claim their full entitlements and as life expectancy rises.

Ah well, no single raindrop believes it is responsible for the flood :)

Yeah, because demand doesn't have any effect at all, does it. All them economics text books are bullshit.

The fact that the average household is decreasing in size and the population is increasing, and interest rates are low compared with recent history are all irrelavant.

What, like flights abroad? Like telecom services?

What, like electricity, which even with the recent price rises, is less in real terms now than 20 years ago?

What colour is the sky on your planet?

Actually your council tax isn't going there. I work for a voluntary organisation - which is an "admitted body." I tend to agree with you - which is why I started off by saying I'm counting on getting paid off at about 70p in the .

Well the thing is you see- I deserve my one, for all the work I have done. Its everybody else's pension which is the problem! :-)

Well so long as it meets the Govt. MFG (minimum funding guarantee) I am sure it will pay out in full (ha, ha..)

===================================================== I think that's why my employers contributions are so high- to meet the required funding standards.

Neb

I gather you have never successfully studied economics. Are you saying that if the supply of houses, etc. doubles the price halves? There is no logic to support that and you have not been able to explain your reasoning.

I was taking the piss out of Virgils Ghost's implication that if inflation measures are not the same as the increase in money supply then the inflation figure is fiddled.

Of course it does, we don't built enough homes, combine that with lax monetary policy and you have a nice inflationary mix.

You shot yourself in the foot for not recognising that prices are actually set on the margins and can go hyperbolic if demand is such, rather than rising on a linear basis.

Er, yes, and? Now try answering the rest of the points in my post.

And the price of fish is silly these days as well, isn't it?

Are you using a "rubbish generator" to reply?

Are you American, perchance? As irony seems lost on you.

No, the problem is that you say something boring and yet you think it's hilarious.

I bet you don't get "The Office" either.

Is that why you come on usenet? To show everyone how funny you are after everyone you know gives you a wide berth?