Prompt Payment Discount
Andrew Instone-Cowie
discount over the next 3 years, replacing it, in part, with a discount
for renewing online:
http://www.britishwaterways.co.uk/media/documents/Boat_Licence_Fees_2010_Announcement.pdf
> Taking prompt payment and online purchase together, we want to gradually reduce the total discount
> available from 10% and divide it into two separate incentives. We are suggesting the following:
> Date of change Prompt payment discount Online purchase discount
> August 2010 5% and 3%
> April 2011 3% and 3%
> April 2012 3% or 5%
They also propose adding a �7.50 charge (described as "nominal") for
paying by credit card.
I reckon for a moderate length boat that all amounts to a stealth
increase of ~2.3% next year, more for those not able to pay online.
Andrew
Andrew Instone-Cowie
> I reckon for a moderate length boat that all amounts to a stealth
> increase of ~2.3% next year, more for those not able to pay online.
Duh, fingers... I meant ~3.3%
Brian on Harnser
The stick is stronger than the carrot
"The introduction of the new late payment charge in April 2009 has
resulted in major improvements in payment timings and with stronger
processes in place, we believe it’s no longer necessary to offer such a
large incentive to encourage prompt payment."
--
Brian traveling on Harnser
http://nbharnser.blogspot.com/
Nick
I see. I surrender my protection against fraud in order to save them a
few bob.
Oh well, I'm sure I've got a cheque book tucked away somewhere.
--
Online waterways route planner: http://canalplan.org.uk
development version: http://canalplan.eu
Arthur Marshall
from Nick <3-no...@temporary-address.org.uk> contains these words:
> > I reckon for a moderate length boat that all amounts to a stealth
> > increase of ~2.3% next year, more for those not able to pay online.
> I see. I surrender my protection against fraud in order to save them a
> few bob.
> Oh well, I'm sure I've got a cheque book tucked away somewhere.
Not for long, probably. Many places now refuse to take cheques. How
long before BW dos the same and then demands a premium for not taking
them?
I reckon the whole con job started when they started to insist that
everyone took their pay via a bank and not in cash. Then we had to pay
to access our own money. Now we have to pay to give the stuff away as
well. Hey ho.
--
Arthur Marshall
nb Lord Byron's Maggot
art...@barndancer.co.uk
www.ktblarney.co.uk
www.barndancer.co.uk
www.myspace.com/arthurhimself
Allan (nb Albert)
"Andrew Instone-Cowie" <address-...@datagram.co.uk> wrote in message
news:7mi8dtF...@mid.individual.net...
My calculator suggests that in two years "prompt payers" will be paying
either 5.6% or 7.8% more in two years time depending on if they renew
online or not!
Of course this does not stop BW introducing 2011 and 2012 base licence
increases as well.
This afternoon, I submitted an article to Narrowboatworld with the title
"Stealth License Increase".
It should be stressed that this is a proposal - so write and disagree!
Regards
Allan
Nick
> BW have announced a proposal to progressively reduce the prompt
> payment discount over the next 3 years, replacing it, in part, with a
> discount for renewing online:
Does anyone have the paperwork they sent out at the time. I'm pretty
convinced that they claimed the prompt-payment discount meant that they
weren't putting a big, above-inflation, payrise on when they introduced
it.
It's a nice trick if you can work it.
Year n. Increase licences by 10%, but offer a 7% prompt-payment
discount, and claim it's a only a "real" 3% increase.
Year n+m. Increase licences by 3%, but remove the prompt-payment
discount, and claim it's only a "real" 3% increase.
Two "real" 3% increases, total increase something over 13%.
Worth a complaint to t'ombundsman if anyone has the data to prove it (m
being pretty large in this case).
Tiny
Typical BW. We love you or we screw you = we screw you. Wonder who
will get a big bonus for this slimey tax.
Allan (nb Albert)
> either 5.6% or 7.8% more in two years time depending on if they renew
> online or not!
>
> Of course this does not stop BW introducing 2011 and 2012 base licence
> increases as well.
>
> This afternoon, I submitted an article to Narrowboatworld with the title
> "Stealth License Increase".
>
> It should be stressed that this is a proposal - so write and disagree!
>
> Regards
>
> Allan
The Narrowboatworld article is at -
Unfortunately the title was changed!
Regards
Allan
krystyna@googlemail.com Mike & Krystyna Wooding
> Andrew Instone-Cowie <address-...@datagram.co.uk> writes:
>
>> BW have announced a proposal to progressively reduce the prompt
>> payment discount over the next 3 years, replacing it, in part, with a
>> discount for renewing online:
>
> Does anyone have the paperwork they sent out at the time. I'm pretty
> convinced that they claimed the prompt-payment discount meant that
> they weren't putting a big, above-inflation, payrise on when they
> introduced it.
>
> It's a nice trick if you can work it.
>
> Year n. Increase licences by 10%, but offer a 7% prompt-payment
> discount, and claim it's a only a "real" 3% increase.
>
> Year n+m. Increase licences by 3%, but remove the prompt-payment
> discount, and claim it's only a "real" 3% increase.
>
> Two "real" 3% increases, total increase something over 13%.
>
> Worth a complaint to t'ombundsman if anyone has the data to prove it
> (m being pretty large in this case).
I'm not totally sure about your figures Nick, the actual wording from the BW
web site is:
***************************************************************
Taking prompt payment and online purchase together, we want to gradually
reduce the total discount
available from 10% and divide it into two separate incentives. We are
suggesting the following:
Date of change Prompt payment discount Online purchase discount
August 2010 5% and 3%
April 2011 3% and 3%
April 2012 3% or 5%
The online purchase discount would only be available for applications up to
four weeks after the
expiry date of the previous licence.
Other licence discounts are not affected
************************************************************************************
am I missing something here from what you are saying. It seems to me that
the suggested discount is being reduced yes to 8%, but now being directed
more towards on-line renewals.
Mike
--
Mike & Krystyna Wooding
nb Draco: http://www.draco.me.uk
Blog: http://dracostravels.blogspot.com
Draco Crafts: http://www.dracocrafts.co.uk
Andrew Instone-Cowie
> I'm not totally sure about your figures Nick, the actual wording from the BW
> web site is:
>
> ***************************************************************
> Taking prompt payment and online purchase together, we want to gradually
> reduce the total discount
>
> available from 10% and divide it into two separate incentives. We are
> suggesting the following:
>
> Date of change Prompt payment discount Online purchase discount
>
> August 2010 5% and 3%
>
> April 2011 3% and 3%
>
> April 2012 3% or 5%
>
> The online purchase discount would only be available for applications up to
> four weeks after the
>
> expiry date of the previous licence.
>
> Other licence discounts are not affected
>
> ************************************************************************************
>
> am I missing something here from what you are saying. It seems to me that
> the suggested discount is being reduced yes to 8%, but now being directed
> more towards on-line renewals.
Note that in the last year listed in the BW document, it's an "or", not
an "and".
Andrew
Allan (nb Albert)
"Andrew Instone-Cowie" <address-...@datagram.co.uk> wrote in message
news:7mlg6kF...@mid.individual.net...
You can work out the increase for any of the above using:-
((10 - D)/0.9)
where D= discount
so, in real terms,
If you are a prompt payer your licence will go up by 7.8% in April 2012
compared to today.
If you are a prompt payer who choses to pay online your licence will go up
by 5.6% in April 2012 compared to today.
If you are not a prompt payer who choses to pay online, again its 5.6%.
....... and, of course, BW has the opportunity to come back next year and
the year after with two base rate increases.
Allan
Nick
> You can work out the increase for any of the above using:-
>
> ((10 - D)/0.9)
>
> where D= discount
>
> so, in real terms,
>
> If you are a prompt payer your licence will go up by 7.8% in April
> 2012 compared to today.
> If you are a prompt payer who choses to pay online your licence will
> go up by 5.6% in April 2012 compared to today.
> If you are not a prompt payer who choses to pay online, again its 5.6%.
>
> ....... and, of course, BW has the opportunity to come back next year
> and the year after with two base rate increases.
So given the prevailing inflation rate that's at least 5% of the 10%
sneaked from a discount back into the license.
Allan (nb Albert)
> So given the prevailing inflation rate that's at least 5% of the 10%
> sneaked from a discount back into the license.
> --
> Online waterways route planner: http://canalplan.org.uk
> development version: http://canalplan.eu
Quite right. What gets up my nose is the very basic dishonesty of the
announcement which suggests we will not be paying more!
Another current example of basic dishonesty is that we now have two mooring
consultation running in parallel because BW is not honest enough to admit it
has got its first consultation very very wrong. Why could they not just
withdraw the first document and reissue it?
Regards
Allan