Should Jaguar be bailed-out????

SailorSam

Jaguar should'nt be bailed out, i appreciate that it is helping save jobs, and the alternative of these people becoming unemploted may cost the country a lot more, but why should the taxpayer prop up a failing company. The Govt would'nt hand out cash to a small businessman to save his job.
Years ago i wanted to buy a taxi and 'plate' and because i was unemployed i struggled at the time to even get a loan, getting told to come back when i'd bought the cab and so was working. It was the time of the BL / Rover fiasco. As has already been said billions went to save jobs, at the time i needed £17k. When i managed to get the money at a high rate of interest, because the banks would'nt lend to someone unemployed, and buy the cab, two jobs were created, a day and a night driver. £8.5k each, that was much less than each BL job cost.
If the Govt is to hand out cash dont give it to the likes of Jaguar, back the small businesses.

TDS_2

paulsin wrote: »

...the Recession is only pointing out companies that were weak to begin with and only survived because of the boom.

Sorry to say that I entirely agree. No private company should be bailed out.

The single exception is banks, though it pains me to say this. Banks have the unique position of 'propping up' the entire industry - greasing the wheels, if you like. If a bank goes, it affects all the companies that it lends to, and all depositors. It also affects fellow banks to whom it lends and is lent to. With this unique position comes responsibility. A responsibility to lend (albeit at a lower level than businesses and home-borrowers have come accustomed to).

Cleaver

Government increase taxes on 'gas gussling' cars such as Land Rovers and Jaquars to encourage people to stop buying them. People stop buying them. Company gets in to trouble. Tax partly raised from these 'gas gussling' cars used to bail out the company.

As Bill Hicks said, it's irony on a base level, but I like it.

FoxtonsRIP

In a word, No

Lotus-eater

Cleaver wrote: »

Government increase taxes on 'gas gussling' cars such as Land Rovers and Jaquars to encourage people to stop buying them. People stop buying them. Company gets in to trouble. Tax partly raised from these 'gas gussling' cars used to bail out the company.

As Bill Hicks said, it's irony on a base level, but I like it.

Didn't think about it that way, nice one.

Max_Headroom_3

Cleaver wrote: »

Government increase taxes on 'gas gussling' cars such as Land Rovers and Jaquars to encourage people to stop buying them. People stop buying them. Company gets in to trouble. Tax partly raised from these 'gas gussling' cars used to bail out the company.

As Bill Hicks said, it's irony on a base level, but I like it.

They sell worldwide, UK is just one market.

ChiefGrasscutter

To add another perspective to this thread....

Remember that Rolls Royce (the aeroengine maker based in Derby) went bust in 1971 and was rescued by the Government. (Spiraling development costs on the RB211 was the main reason for the failure as I recall).
Much later it was re-privatised.

Dithering_Dad

FoxtonsRIP wrote: »

In a word, No

That was four words...

shop-to-drop

Definitely not!

skap7309

It is sad as it is an iconic British brand and job losses are not a nice thing however i am slightly fed up of all this talking about 'bailing' everyone out all the time.

Woolworths first, now Jaguar - BTW i am purposefully leaving out banks as i would be here all day!

Come on, next year is set to be worse so are we looking at bailing every Tom, !!!!!! and Harry out? Woolworths died as it was stuck in its heyday, times move on and we should not keep trying to resurrect these times. Jaguar are going because for far too long the British car market has been massively overpriced compared to our European counterparts. So overall, no i would prefer my taxes are not thrown at everyone who cannot stick with the times.