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One used to think the Chancellor of the Exchequer might have a reasonable understanding of basic arithmetic.
But it seems that's not the case.
So the EU sent us a bill for £1.7 billion Which, if we had paid it on time, we would have then got a 50% rebate paid back to us next year. That seems quite straightforward.
We Disputed that it was fair. the PM says we are not going to pay it.
So George Osborne has done a deal. We now only need to pay £850 million (exactly half the original 1.7 billion bill) but we don't have to pay it until next year, and we won't get a rebate.
This is heralded as a victory for our negotiating skills.
Now anyone with a basic understanding of arithmetic would realise the net amount (after the rebate) if we had paid the original bill would have cost us £850 million. Instead we have a "deal" that only costs us £850 million yet it's hailed as only paying 50%
Either the Chancellor is thick, and not fit to be in the job, or he's telling untruths in the hope we are all too thick to notice or even care?
I'm looking forward to the results of the next deal where we will see the same 50% cut in immigration.
This is the sort of thing you would have seem on Yes Minister in days gone by, not something really happening.
But what astounds me more, is there doesn't seem to be much uproar about what's going on here.
this article sums it up really quite well: http://newsthump.com/2014/11/08/tesco-wondering-if-george-osborne-fancies-having-a-go-at-their-books/
But it seems that's not the case.
So the EU sent us a bill for £1.7 billion Which, if we had paid it on time, we would have then got a 50% rebate paid back to us next year. That seems quite straightforward.
We Disputed that it was fair. the PM says we are not going to pay it.
So George Osborne has done a deal. We now only need to pay £850 million (exactly half the original 1.7 billion bill) but we don't have to pay it until next year, and we won't get a rebate.
This is heralded as a victory for our negotiating skills.
Now anyone with a basic understanding of arithmetic would realise the net amount (after the rebate) if we had paid the original bill would have cost us £850 million. Instead we have a "deal" that only costs us £850 million yet it's hailed as only paying 50%
Either the Chancellor is thick, and not fit to be in the job, or he's telling untruths in the hope we are all too thick to notice or even care?
I'm looking forward to the results of the next deal where we will see the same 50% cut in immigration.
This is the sort of thing you would have seem on Yes Minister in days gone by, not something really happening.
But what astounds me more, is there doesn't seem to be much uproar about what's going on here.
this article sums it up really quite well: http://newsthump.com/2014/11/08/tesco-wondering-if-george-osborne-fancies-having-a-go-at-their-books/
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