On 02/05/17 10:00,
mro...@btopenworld.com wrote:
[James Harris:]
>> But when asked how much the policy would cost, Ms Abbott said: "Well,
>> erm... if we recruit the 10,000 policemen and women over a four-year
>> period, we believe it will be about £300,000."
Rule of thumb [has been for many years!] is that a middle-ish
career costs a million pounds in current real terms. That *used* to
be all-in, but over time, it's gone down to merely salary, with all
the other things [office space, support staff, ...] extra, and not a
particularly high salary at that. Anyway, it lets you put some sort
of value on a life's work.
On that basis [but see below], 1 policeman for 40 years is a
million; so is 10 for 4 years; and so 10K for 4 years is £1bn.
>> Nick queried the amount: "£300,000 for 10,000 police officers? What
>> are you paying them?"
>> Ms Abbott tried to clarify: "Haha, no. I mean... sorry. They will
>> cost... they will, it will cost, erm, about... about £80million."
As Abelard mantras, she is innumerate.
> For the uninitiated, when you include salary, employers NI
> contributions, leave, overtime, equipment and uniform, civilian
> support, transport, employers pension contribution, etc. each PC
> (lowest rank) costs the taxpayer not far shy of £100000 p.a.
Indeed; which would make the cost "not far shy of" £4bn.
Perhaps, however, they are proposing not entirely new PCs, but a
re-branding? Re-label some of the PCSOs and civilian support staff
as PCs [or, to avoid the need for extra training and powers, simply
as "police"], and you could get your 10K extra "police" at almost no
expense.
Slightly OT: As a small child, SWMBO asked her father what
a millionaire was. "Someone who has a million pounds." "Yes, but
what does that mean?" "It means you have enough money that you
never have to work again, and that your money grows faster in the
bank than you can spend it." No longer! It now represents any
couple with a modest house in a leafy suburb outside London and
their pension pots [after, not replacing, their careers!] Or a
rabbit hutch in central London. It's no longer unusual, and it
no longer implies "rich", except in politics-of-envy-speak.
--
Andy Walker,
Nottingham.