Government to offer loans to buy cars

Kez100

I think this thing has gone so far now people don't particularly want to borrow for cars.

Yes, there will be a few, I am sure. Where a car suddenly needs loads of expensive work or is written off. However, most people will be thinking not of how to get their hands on a new car but will they still ahve a job next week. That will stop them for borrowing, IMO.

I expect to see sales rise, but not by much. Unless they do mega mega deals. Then some may make the most of the situation.

Same with mortgages. I think even if there were loads of options out there most are sitting waiting. Once prices become affordable that is when the mortgage credit will be needed.

Generali

Sir_Humphrey wrote: »

Except they would bear the brunt of any public service cuts made as a result. As a result the money would be taken away again. Example: If the NHS stopped free eye tests for the poor to fund tax cuts, then the poor may pay less tax. But then they would have to either pay for the eye test or risk undetected eye disease. So they would be worse off, as part of the cost of the eye test would have been born by richer taxpayers. So a tax cut for the poor would end up benefitting the better off. Of course, this would not apply if higher earner tax rates were increased to match to pay for the eye tests.

So you want poor people to pay more tax, is that it?

It seems a bit odd given your previous posts.

Sir_Humphrey

Wookster wrote: »

The NHS computer system that will never work
ID cards that are going to cost at least double initial estimates
The Olympics which are going to be massively over budget
The Dome
The Millenium bridge that wobbled


Oh yes - the taxpayers are getting loads of bang for their buck.

If you are going to reduce the argument this fatuous level, then let me respond with this private sector triumph:

The banks causing the near collapse of the entire global financial system costing the USA alone at least $1 trillion. Rather puts the rest into perspective huh?

Sir_Humphrey

Generali wrote: »

So you want poor people to pay more tax, is that it?

It seems a bit odd given your previous posts.

They should pay less provided it does not lead to cuts in their services. That means others paying more. Cutting their services to do so is giving with one hand and taking with the other.

Generali

Sir_Humphrey wrote: »

They should pay less provided it does not lead to cuts in their services. That means others paying more. Cutting their services to do so is giving with one hand and taking with the other.

Who pays more. Rich bankers?

Any

Generali wrote: »

So you want poor people to pay more tax, is that it?

It seems a bit odd given your previous posts.

You only seem to pick up what you want to hear from peoples posts...
That is not what I understood from Humphrey's post.

Was it you who earlier quoted how Holland is great? Well, we have a BV company in our group so I know - have you seen what kind of taxes do they pay? Well higher then us, I assure you.
But yes, they get everything there.
And I think that is what Humphrey was saying - you get what you paid for.

StevieJ

Generali wrote: »

Well you've guys have got all this good stuff going on and still the current UK Government is a centralist bunch, not leftist and definitely not socialist.

More spending of 'Government' money will fix things, many of you seem to be sure of that. Who cares who pays because the Government will fix that too.

You have an admirable Laissez-faire attitude for someone that doesn't live in the UK It's a good job you never lived in France :eek:

Wookster

Sir_Humphrey wrote: »

The banks causing the near collapse of the entire global financial system costing the USA alone at least $1 trillion. Rather puts the rest into perspective huh?

Its very easy to blame the banks entirely for this mess however

- Credit rating agencies
- Auditors
- The regulators
- Estate agents
- Individuals in their personal capacity
- Banks
- The Bank of England
- The government

are all responsible in part for the mess we are in today - each of them contributed in some part to the mess we are in now.

If you don't see that then you don't really understand how we have gotten into this mess and why it is a mess.

Sir_Humphrey

Any wrote: »

You only seem to pick up what you want to hear from peoples posts...

He also put someone else on ignore for making an argument against him. I expect better really. Still, Generali is principled, which I respect. He worked in banking and hedge funds and lost his job. He still defends the system that put him in that situation because he believes in it. He disagrees with bailing out banks against his own self-interest, which is admirably principled. A large proportion of the UK population think that bankers should be transported to the ex-colonies, and he duly obliged. I only get this catty when people try to deliberately distort my views.

Generali

Any wrote: »

You only seem to pick up what you want to hear from peoples posts...
That is not what I understood from Humphrey's post.

Was it you who earlier quoted how Holland is great? Well, we have a BV company in our group so I know - have you seen what kind of taxes do they pay? Well higher then us, I assure you.
But yes, they get everything there.
And I think that is what Humphrey was saying - you get what you paid for.

It wasn't me that posted how great Holland was.

I love Holland and I have a lot of time for Dutch people. I don't agree with Dutch fiscal policy by and large but it isn't my problem.

Neither you nor Sir H seem to have worked out that the bill for all this spending will have to be paid. Also that you need to find someone that will lend you the money.

These are both going to be difficult things.

It's late here and so I'm off to bed. I'll leave you to ponder......