Budget row over 2K payout to scrap a car

bo_drinker

Edale wrote: »

Just looked at the full budget report and it states:


4.16

To give a boost to the car industry during the current downturn, the Government

announces the introduction of a vehicle scrappage scheme.

A discount of £2,000 will be

offered to consumers buying a new vehicle to replace a vehicle more than ten years old which
they have owned for more than twelve months. The Government will set aside £300 million for
this scheme with funding matched by manufacturers participating in the scheme. The
Government will work with industry to introduce the scheme next month. The scheme will

end by the start of March 2010, or when funding for the scheme has been used if earlier.

So you have to have owned the vehicle for a year. I do wonder how many people with a car over 10 years old are able or want to buy a new car. I think this is a sop to the motor industry and Mandy and will make little difference.

So about 10 months of propping it up then Then what??

woody252506

ruggedtoast wrote: »

I can see why countries that have have a car industry would want to do this but I cant see why we do.

Apparently only 14% of cars built here are sold here so I cant even see what benefit this will have to keeping jobs in Britain.

Seems rather more like an attempt to bribe foreign manufacturers into not laying off any more plucky Brits in exchange for us subsidising their products, the majority of the profits of which go abroad.

Interesting.

Is it such a bad thing if it helps keep all our people in jobs by implementing this scheme? I dont think so at all. It might even prompt them to invest more in our country in the future. If so then thumbs up from me!:cool:

bo_drinker

Old_Slaphead wrote: »

I've just 2 words to say of that man - "Millenium" and "Dome". That to me about sums up his business acumen.

Could be a new car showroom for all the gullible punters thinking they are about to trouser 2k. Not realising they lose more as they drive away :rotfl:There's one born every day. Oh dear

Rochdale_Pioneers

ruggedtoast wrote: »

Seems rather more like an attempt to bribe foreign manufacturers into not laying off any more plucky Brits in exchange for us subsidising their products, the majority of the profits of which go abroad.

Even if thats the only effect its worth it. We need to subsidise our car manufacturing industry to match subsidies made by other governments. Otherwise the factories here close and when things pick up we lose the benefits of making so many vehicles for export and every car bought here becomes an import.

JayScottGreenspan

Rochdale_Pioneers wrote: »

Even if thats the only effect its worth it. We need to subsidise our car manufacturing industry to match subsidies made by other governments. Otherwise the factories here close and when things pick up we lose the benefits of making so many vehicles for export and every car bought here becomes an import.

Most of this money will leak overseas, though. Very altruistic of us, when you think about it!

bo_drinker

Money has been pi55ing out of this country for years with the Polish workers living 10 to a house, spending the minimum here and sending most home. So the propping up of this industry just waves goodbye to some more, for 10 months anyway.

lostinrates

Rochdale_Pioneers wrote: »

Even if thats the only effect its worth it. We need to subsidise our car manufacturing industry to match subsidies made by other governments. Otherwise the factories here close and when things pick up we lose the benefits of making so many vehicles for export and every car bought here becomes an import.

I don't really understand why. Why can't we subsidise only mnufacture of cars that are environmentally less heinous. Or subsidise cars running only on the fuels the government re saying are green?

ruggedtoast

Rochdale_Pioneers wrote: »

Even if thats the only effect its worth it. We need to subsidise our car manufacturing industry to match subsidies made by other governments. Otherwise the factories here close and when things pick up we lose the benefits of making so many vehicles for export and every car bought here becomes an import.

We dont have a car manufacturing industry. If they wanted to do something worthwhile put 300 million into training schemes, or even the benefit system.

This is the blanket bail out of foreign manufacturers that Nu Lab swore faithfully would never happen when they were selling off our industry in the 90s. In order to maximise efficiency and remove downside risk from the tax payer.

Rochdale_Pioneers

ruggedtoast wrote: »

We dont have a car manufacturing industry.QUOTE]

Quite right. The factories building cars for Nissan, Honda, Toyota, Jaguar, Vauxhall, Land Rover, Rolls Royce, Bentley, Aston Martin etc - and exporting a whopping 86% of their output - are clearly figments of a deranged imagination.

ruggedtoast

Rochdale_Pioneers wrote: »

ruggedtoast wrote: »

We dont have a car manufacturing industry.QUOTE]

Quite right. The factories building cars for Nissan, Honda, Toyota, Jaguar, Vauxhall, Land Rover, Rolls Royce, Bentley, Aston Martin etc - and exporting a whopping 86% of their output - are clearly figments of a deranged imagination.

Its a car manufacturing industry. It isnt ours any more than Trident is a British nuclear deterrent.

The capability to design, engineer, and provide the robotics to produce a mass produced car vanished when the Chinese dismantled the last Rover factory and shipped it over to Beijing.