Spartacus Now now - no need to swear. Stephen Ainsworth of Bacon & Woodrow, widely regarded as the island's leading pensions expert, has vindicated what Neil and I have been saying. Still you know better? 1. Yes - because the liabilities are now being accounted for in a globally-accepted proper manner, which they weren't previously! It is an ongoing concern - the financial crisis wasn't just a one-off crash in 2008/9 - its a sustained depression - the worst since the 1930s! The fund is not going to grow itself out of a £380m deficit, and even 14.1% annual contributions to it are just a drop in the ocean. Numbers clearly aren't your strong point. Or pensions for that matter. Or investment markets. As I've been saying all along. 2. Please extrapolate after making such an educated response. 3. There is "faster" and there is "faster". On the basis that in a period when despite over £103m of contributions being made, the find's liabilities have risen by £380m, then its clear that the States of Guernsey would now have to be pumping in massive amounts out of our annual budget surplus each year - oh hang about, we have an annual budget deficit of around £20m to £30m AFTER making £27.45m annual contributions - so there is no chance of that happening. As I have been saying along. I would normally hate to say "I told you so", but in this case I will make an exception.
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
