So exactly who should the govt help with funding?

Alan_M_2

Yet again we've had Mr Mandleson on the news stating that it's the govt (read his) responsibility to make sure good money isn't thrown after bad....Strikes me we're a little late for that statement.

At the end of these statements there is always a caveat, "viable businesses".

That's fair enough, there's absolutely no point throwing money after a company that either too far gone or is simply not viable even in mediocre times.....but it does beg the question "what is a viable business in the current economic situation?".

There are established businesses that have been running for over a hundred years self funded, they require a little lending now to see it through the crisis and find their banks and the government simply turing their backs on them.

The government has shored up non viable banks with tax payers money on a wholesale basis with no question of if they will be viable or not in the future simply with the aim to create liquidity and help the many businesses relying on them and the injection of funds.

Every single government funded bank scheme always has a little small print at the end of it "at the banks discretion"... so all these banks that have been "compelled" to distribute the funds are simply hoarding it.

I would be delighted to hear from anyone that has successfully been funded under the EFG or similar scheme....

If we're strict with the "non viable" issue, then in theory every motor manufacturer should now be simply allowed to go bust....that simply doesn't make sense, in whole they are profitable organisations (particualrly if like Porsche they are ingenious enough to catch a lot of hedge funds with their pants down).

With funding on the scale that has been provided to the banks comes a responsibility to support businesses in a similar manner....quite simply where has all the money that has been poured into the banks gone?

scousethife

me........................

chopperharris

If only we actually had something that was british to save other than the banks.

We can bail out the builders to create council housing , I refuse to use the term social housing as its a deliberate attempt at stigma.While this might keep some contractors in work it will stop the profit end of the market ... bought ones.IT would lessen any shortage , percieved or otherwise , and reduce the prices even further in a buyers market...thats if you can get a mortgage when credit has lessened.

So if we dont have any real british car manufacturer to bail out , vauxhall isnt british , jaguar now a masala , rover aptly named is a dead dog , then it will only be bailing out the workers by paying the employers even more than we do currently for them to assemble here from products made elsewhere.

Sod this no protectionism crap , france and germany ignore it by the back door anyway.So why shouldnt we just restart the buy british campaign , or is the fact of the matter that british goods are too expensive the problem?

Should we be insisting that the produce like seasonal veg , meat and dairy , in supermarkets be 100 percent from british farms?

What we should do is CREATE or ressurect manufacturers that are british , for us to not buy the goods like we did with Jag/rover.But seriously If we werent buying foreign made cars there would be no problem with british car makers right now would there?

We should be developing resevoirs for the drought striken parts of the country , and then harness energy from them in winter.We should be planting trees and reforesting the great forests to reduce our importing of wood in the future.

We should be investing on buying back the generation and sale of electricty from foreign owners .We should be harvesting it on every roof of the country and planting a wind turnine in every field , all over our coasts , street lights and expanses of uninhabitted highlands.If the famers were paid , or even allowed to do this on thier land then maybe they would actually start to make money again.

We should be making recycling easier , not simply fining folk for putting the wrong rubbish in a bin.IF school runners helped their schools by them doubling as recycling centres for nontox materials then kids could be taking not just the rubbish out as a chore but benefitting in schools selling it off.

We should be reducing the dominance of supermarkets in getting our wages.Despite this supposedly being competition that reduces our prices it kills the competitors off one by one , and as they expand into non food and do the same there eventually all we have left is them.....where is the competition then?WE should be carbon taxing vegatables from outside the uk , then more tax from outside the eu...unless all this carbon taxing is just a rouse for more taxes.

Should we be allowing psuedo taxes tied to a green agenda to tax us even when the taxes arent being spent on green benefits from it?

The future is green , real green.Not from those politicans that give it lipservice on a monday becuase back door taxes will come from it on a tuesday.

Now I'm not a hippie type far from it , but if it will cost me less to buy/run my car and to build/heat my home compared to non green with the added benefit of saving the world....then why wouldnt I do it?

This is why I think money should be going into the green direction , govt loans garunteed for part ownership rather than merely straight tax discounts and grants for locating here.Incentives both to produce and buy cars that get 1000 miles for 50 litres of fuel should be the goal and not a measly 2k grant for trading in a banger to get a regular car from manufacturers that wont sell off stock at a loss to pay their debts.We have to sell off possesions at losses to pay our debts so why not them?


If we do end up bailing out say vauxhall then it should be to save the very thing if produced sooner would have saved them anyyway , The vauxhall ampera .It is a car thats slashing petrol bills of even the prius(average user).The running costs would be unfathomly cheaper than any car on the road today , miniscule tax if any , no congestion charges .... and most importantly one tank of fuel that lasts for most drivers weeks of use.But would such a car be good for the coffers of HMG if used by the masses , I highly doubt it.

Ps vauxhall if rnd are reading your want to know how to get even more mpg from the ampera then give then me an email.No major changes to the platform/software needed.

Prudent

chopperharris wrote: »

We should be making recycling easier , not simply fining folk for putting the wrong rubbish in a bin.IF school runners helped their schools by them doubling as recycling centres for nontox materials then kids could be taking not just the rubbish out as a chore but benefitting in schools selling it.
(quote]

The yummy mummys would not want to take the rubbish to school in their 4x4s

We are not even allowed to ask children to pick up a stray crisp packet that is blowing around the palyground - 'health and safety'.

treliac

Recycling's fine, as long as we can trust councils not to just put everything in landfill anyway. :rolleyes:

Generali

Alan_M wrote: »

....quite simply where has all the money that has been poured into the banks gone?

It's gone on replacing reserves. Those need replacing either because jittery savers have withdrawn funds from the banks or because the banks have lost huge sums on ill-judged lending or investments.

This money the Government is pouring into the banks is like chucking cash into a trash compactor. It is basically being destroyed.

Re the 'viable businesses' thing. There is no way that a civil servant or politician can pick viable businesses from a list. It's a joke. Most of them have zero business experience - they may be good at civil servanting or politicking but they haven't got a clue when it comes to business as it's outside their area of expertise.