I was on the Nolan Show earlier discussing the fact that the Assembly has agreed to (again) defer water charges – preferring to absorb the cost into the DRD budget – and failing to (once again) make any real move towards taking any local accountability for water and sewage services.
I was on with a chap who, interestingly, thought that the UK Treasury should foot the bill for NI Water out of the bottomless pit of quantitative easing budget (I kid you not). He obviously overlooked the facts that 1) quantitative easing has ceased; 2) it was designed to keep our gilt yields low; and 3) I don’t think it can be re-allocated to Northern Ireland Water. Lefies eh. Bless ‘em.
He also missed the fact that the UK’s debt is currently over £1 Trillion.
Not my best performance but hopefully you get the gist.