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Car Scrappage Scheme Extended

124

Comments

  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    nearlynew wrote: »
    The government should not get involved with propping up failing businesses.

    If car manufacturers cannot sell their cars, then they must either reduce the price, build cars that people will buy, or whatever is necessary for a private company to attract customers.

    Public money should not be used.
    Which other companies are to be chosen to live or die on the whim of a disgraced, unelected government minister?

    This !!!!!!-for-brains idea is not the answer to a failing economy.

    Small government and sound money is the answer.


    too true. This scheme effectively makes the car industry subsidised by the tax payer, which as anyone knows is not a viable business plan!
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    wymondham wrote: »
    too true. This scheme effectively makes the car industry subsidised by the tax payer, which as anyone knows is not a viable business plan!

    Neither is 100,0000s on the dole from car industry failing. Thus state funding all their lives.

    What is the viable business plan?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    wymondham wrote: »
    too true. This scheme effectively makes the car industry subsidised by the tax payer, which as anyone knows is not a viable business plan!

    Theres not that much of the money being kept in this country anyway. Most of it is going overseas. Only propping up the dealers here.
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    edited 10 August 2009 at 7:48PM
    Really2 wrote: »
    Neither is 100,0000s on the dole from car industry failing. Thus state funding all their lives.

    What is the viable business plan?

    where do you draw the line .... should the tax payer pay to re-open woolworths and all the other high street shops that have closed due to their failings?

    If a business cannot support itself then it should not be artificially kept alive or it then fails to be a business and turns into a social support service - it's called the free market and is survival of the fittest!
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    wymondham wrote: »
    where do you draw the line .... should the tax payer pay to re-open woolworths and all the other high street shops that have closed due to their failings?

    If a business cannot support itself then it should not be artificially kept alive or it then fails to be a business and turns into a social support service - it's called the free market and is survival of the fittest!


    I presume you think the £50K saving guarantee should be removed to?

    Bit simplistic do you not feel, letting companies going to the wall for the sake of it.

    As far as I know it is a short term solution to help 100,000's of jobs in the UK.

    I wonder what you would think if you worked for a dealership? Easy from the outside isn't it.

    Tell me the cost of everyone signing on in the UK car industry and the cost of the scrappage program. I would say the latter is cheaper, in the short term and for certain in the future.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    The scrappage scheme has surely brought some sales forward. It can't go on forever.

    The money being expended is future tax revenue. From us. Leaving less money to spend. In people's shops, industries, etc.

    I agree that something had to be done. But surely the only fair thing was to reduce taxation for everyone. After all - we're all in this together.

    All the other 'efforts' by the government have been smoke and mirror stuff - because we are basically broke.
  • bluey890
    bluey890 Posts: 1,020 Forumite
    mewbie wrote: »
    The scrappage scheme has surely brought some sales forward. It can't go on forever.

    The money being expended is future tax revenue. From us. Leaving less money to spend. In people's shops, industries, etc.

    I agree that something had to be done. But surely the only fair thing was to reduce taxation for everyone. After all - we're all in this together.

    All the other 'efforts' by the government have been smoke and mirror stuff - because we are basically broke.

    Don't stand between mr.b and his commission. :)
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    edited 10 August 2009 at 9:09PM
    Really2 wrote: »
    Bit simplistic do you not feel, letting companies going to the wall for the sake of it.

    are you saying companies should never be able to go out of business, regardless of any commercial decisions/bad products/economic conditions etc..?
    Really2 wrote: »
    I wonder what you would think if you worked for a dealership? Easy from the outside isn't it.

    Sorry to say but that's life.
    Really2 wrote: »
    Tell me the cost of everyone signing on in the UK car industry and the cost of the scrappage program. I would say the latter is cheaper, in the short term and for certain in the future.

    It probably is cheaper, but is it right?
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    wymondham wrote: »
    are you saying companies should never be able to go out of business, regardless of any commercial decisions/bad products/economic conditions etc..?



    Sorry to say but that's life.



    It probably is cheaper, but is it right?

    Did I say companies should never fail? I was talking of a hole industry this is not one company.:rolleyes:

    So you done agree in state intervention. So do you think they should stop the £50,000 per account savings guarantee? You seemed a bit shy to answer that?:rolleyes:
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Really2 wrote: »
    ......... So do you think they should stop the £50,000 per account savings guarantee? You seemed a bit shy to answer that?:rolleyes:



    You don't actually trust this scheme to actually pay out do you?


    How quaint.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
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