Last night I caught up with Albert Einstein down at the Dog & Duck.
As you may recall he was last seen scratching his head over Jonesy's sums, and in particular the famous (now infamous) £200,000,000 that IBM is going to save Somerset over the next 10 years.
Apparently Jonesy's confirmation via the LGC that the discount rate should be zero (uh?) has thrown Albert's previous calculations into disarray. He is now one mightily pissed off famous mathematical genius.
However, I went out to join the smokers in the rain, and borrowed a fag packet to do some maths the old fashioned way.
It is confusing with all those zeros, but when you take the £200 million, and divide it by the 190,000 Somerset Council Tax Payers, you get ...... £1,052.63. Blimey! Now divide that by another 10 (for the 10 years), and what do you get?
Yippee!!! We're all gonna get a rebate of £105.26 at the end of the year! That's more than Gordon Brown gave us last month!
We'll be having a drink on that tonight.
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