Sorry... but since 2010 the national accumulated fund has risen from £26,181m to £40,080 million. The overall accumulated reserves have risen to £70,130m in 2017....1/ https://twitter.com/pfew_hq/status/1278695753259667456

Spend on legal has been fairly level (given the Big falls in falls in 2011/12 & rises in 2014/2016 with falls since) but expenditure has grown & operating costs across the fed network being the bulk of where subs are spent...2/

In 2010 the national investment fund stood at £7,366m in 2017 it stood at £33,452m. It’s not possible to assess as to if the local branch trust investments have grown also....3/

So, whilst immediate cash reserves have fallen, the overall value in terms of investments & assets seems to have increased. At the same members real term pay has fallen by 16/18% & value of their investments (pensions) took a significant 40% reduction (87 scheme)...4/

I have absolutely no doubt that the federation rep network & training is immensely valuable to members & that support offered, be it misconduct, equality or welfare is greatly appreciated, but does it warrant a £2 a month increase whilst the the accounts seem healthy?...5/

Also, the legal bill for the pension challenge does not currently sit at £18m, that’s the projected 7yr cost. We’re currently at 5 yrs. the bill is lower & you’ve previously been afforded opportunity to engage & negotiate on that with a cost cap being added....6/

I appreciate the transparency shown in sharing the presentation and the videos/question, it was very one sided & the accounts/position put forward don’t appear to have been robustly scrutinised or indeed, delegates afforded time/opportunity to study current financial status...7/

Without the latter, I’m afraid I don’t accept the justification for a subscription increase at this time or the arguments around money being spent in the right places. Not that the majority of members have any say or meaningful choice...end