Derwent

Coach
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Derwent last won the day on December 25 2017

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About Derwent

  • Birthday 12/26/1967

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  1. Eppie Gibson

    RIP to a Town legend
  2. Old RL paper

    Actually, and I'm sure Mr Sadler will correct me if I am wrong, its original name was Rugby League Weekend. It then became Super League Week and finally Total Rugby League.
  3. Yes Malcolm was from Great Broughton.
  4. Yes, it was Malcolm Thomason.
  5. When Cameron Bell was coach they brought several unknown overseas players here who went on to become stars and internationals. Dean Bell, Clayton Friend, Hitro Okesene, Steve Georgeallis, Richard Henare, Brad Hepi, Tane Menihera to name but a few. Their ex-chairman Alan Tucker wrote a great book about their short history.... http://www.scratchingshedpublishing.com/products-page/history/border-city-blues-the-story-of-carlisle-rugby-league/
  6. I caught an interview on 5Live Drive show yesterday with the owner of an agency that supplies the NHS with nurses. If ever there is a racket that is it. He openly admitted to inducing nurses to quit their permanant NHS jobs so he can take them on and hire them back to the NHS at a cost of more than treble what they were costing as employees.
  7. Leigh vs Toronto: Where to Watch

    They've left the club altogether, must have been really naughty.
  8. Conspiracy Theories

    Or, more importantly, oil.
  9. Carillion - gone?

    Anyhow, it seems the government owned RBS had a hand in putting the final nails in Carillion's coffin according to reports that they withdrew a supplier payment facility at the same time that Santander withdrew their Invoice Discounting facility.
  10. Carillion - gone?

    Different one, I was talking about Sir Robert & Sons.
  11. Carillion - gone?

    That's just a fact of life in the construction and contracting industry though, its not unique to Carillion. The client squeezes the Tier 1 contractor, who then applies the squeeze down the chain to the Tier 2s and their supply chain. It's gone on for years. I remember years ago having some dealings with McAlpine and being shocked when I found out they only paid their bills twice a year in March and September, if you invoiced them in April or October you were going to wait 6 months to be paid. Plus a lot of things are done via the Application for Payment/Payment Certificate system which the T1 or client can manipulate the timing of the issuing, as without that you can't invoice. It happened recently in the North East when Owen Pugh went bust. They had a very strong order book but simply ran out of cash due to delays in payments.
  12. Carillion - gone?

    Back when the nuclear industry was publicly owned and the workers were in the civil service pension scheme the employees were making a pension contribution of just 3% to receive a final salary pension that was a 40th scheme (versus 60th or 80th schemes in the private sector), and they could retire at 55. Someone earning £50k a year with 35 years service was getting a pension of £43,750 per year, plus it is index linked so rises exponentially with inflation. If they got 40 years in they effectively retired on the same pension as their salary.
  13. Carillion - gone?

    You will not get a surplus for a few decades until the last recipients of final salary pensions have died. It is, by and large, companies that at some point had final salary schemes that have the largest deficits as they were seriously underfunded.
  14. Carillion - gone?

    It's not a shortfall against their current pension obligations it's against their predicted future ones. They haven't been using the cash for something else. It's basically saying that the overall predicted future pension payments to scheme members (including some who may be 30 or 40 years off retirement) would require a fund worth £X, but the current fund is only worth £Y. It's a notoriously difficult thing to predict as it is constantly changing due to existing pensioners dying and not receiving any more payments, new retirees starting to draw down their pensions and new employees starting to make contributions. Nobody in any company anywhere knows their true future pension liabilities as it's all based on assumptions of stock market performance, inflation and other economic indicators plus predicted average life expectancies. If those things perform better than expected the deficit reduces, if they are worse then the deficit increases.
  15. Carillion - gone?

    It's not a shortfall against their current pension obligations it's against their predicted future ones. They haven't been using the cash for something else. It's basically saying that the overall predicted future pension payments to scheme members (including some who may be 30 or 40 years off retirement) would require a fund worth £X, but the current fund is only worth £Y. It's a notoriously difficult thing to predict as it is constantly changing due to existing pensioners dying and not receiving any more payments, new retirees starting to draw down their pensions and new employees starting to make contributions. Nobody in any company anywhere knows their true future pension liabilities as it's all based on assumptions of stock market performance, inflation and other economic indicators. If those things perform better than expected the deficit reduces, if they are worse then the deficit increases.