Another £39.8 million subsidy for the Isle of Man

Posted on

The Isle of Man Pensioners Association have an interesting calculation on their web site.

As they show, it costs £527 a head for defence in the UK in 2007/08.

This is a cost to which the Isle of Man is meant to contribute. But it actually only pays £30.27 per head.

If it paid at the same rate as the UK (and there is no reason why not that I can think of) then the contribution should be £42.2 million. It actually pays £2.4 million. That's a subsidy of £39.8 million to add to that mentioned yesterday on VAT of £221 million.

Which comes to near enough £260 million in all.

Why are we wasting money in this way?


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

  • Richard Murphy

    Read more about me

  • Support This Site

    If you like what I do please support me on Ko-fi using credit or debit card or PayPal

  • Archives

  • Categories

  • Taxing wealth report 2024

  • Newsletter signup

    Get a daily email of my blog posts.

    Please wait...

    Thank you for sign up!

  • Podcast

  • Follow me

    LinkedIn

    LinkedIn

    Mastodon

    @RichardJMurphy

    BlueSky

    @richardjmurphy.bsky.social