So well done Kate for the birth and both you and William for the conception, it appears we have a profitable child on your hands. According to the oh-so –sentimental FT, the child is worth £243m to the British Economy. As most of this will be from the purchases of early morning sarnies by overseas film crews, this really is a case of the Royals bringing home the bacon.
This unexpected dividend should not go unclaimed and I’m claiming it for NEST. NEST’s debt to the taxpayer is roughly equivalent to #Royalbaby dividend #1. Clearly #Royalbaby dividend #2 will show diluted earnings so let’s strike while the nappy’s wet.

I urge the Chancellor to wipe out NEST’s debt now. This will release NEST from the 1.8% contribution charge which has so far raised something in the region of £180,000 of its £250m debt to the tax-payer.

It might also enable those in charge of NEST’s marketing department to find ways past the current embargo on endorsement of the various partners they have in place to enable NEST on boarding by using the dazzling new technologies available to them on the interweb.

It might allow me to promote NEST’s 0.30% charging structure without recourse to complex spread sheets (how much easier to have simply reset the AMC to 50bps).
But back to the hypothecation of #Royalbaby treasury windfall. Assuming that we do not declare a late retrospective bank holiday or see an infiltration of indigenous British workers into the throngs lining London’s streets, #Royalbaby boom has no bust (financial). George Osborne cannot have planned for this windfall in his autumn statement (unless he was privy to the young prince’s bedchamber) so I consider the £243m fillip to Great British Productivity to be “up for grabs”.

Michael Johnson has I am sure had a word in DC’s ear and is even now petitioning for an increase in ISA allowances (it’s tough for the wealthy too) but #Royalbaby is the people’s baby and carries the DNA of the People’s Princess. NEST would have been the People’s Pension had the People’s Pension not knicked the title.

So come on Georgey Porgey. Don’t sit on all the pies. Your mates at the DWP have demonstrated what phooey all that talk about EU sanctions, now it’s only the ABI that stand in the way of a level playing field.

Write off the NEST debt now!

So come on Georgey Porgey. Don’t sit on all the pies. Your mates at the DWP have demonstrated what phooey all that talk about EU sanctions, now it’s only the ABI that stand in the way of a level playing field.

Write off the NEST debt now!

This post was first published at https://www.pensionplaypen.com/top-thinking/show/98/nest-needs-to-strike-while-the-nappys-wet.html