Hi guys. I'm looking at the inflation-adjustment applied in this question, and I can't help but think that the inflation adjustment is being applied in the wrong direction. e.g. Shouldn't the 1998 losses be inflated by 7% per annum UPWARDS, rather than have their values deflated down? Am I just being retarded? Thanks for any advice!
I think you mean S05 paper, not A06. And this query has come up before: http://www.acted.co.uk/forums/showthread.php?p=5558#post5558 In a nutshell, yes it's wrong, and there will be a new solution on the Profession's website very soon. Good luck for Monday.
