Another one goes…

JWF

bo_drinker wrote: »

And what echos this is the scrappage scenario, yes it may have helped keep people in work for a while but we shall see what happens when it runs out. With no real British car industry as such the lions share of the money goes into Foreign pockets.

Don't forget that the motor industry isn't just about making and selling new cars - what about the impact on MOT testing stations and your non-dealer garages - all those new cars don't require an MOT for 3 yrs and they'll mostly be getting serviced at the (reasonably priced!) main dealers.

zygurat789

Thrugelmir wrote: »

thats why house prices are going to rise 10 fold. :rotfl:

And industry and commerce will be starved of the investment it require to be competetive

Thrugelmir

zygurat789 wrote: »

And industry and commerce will be starved of the investment it require to be competetive

My comment was made in the context of something that Clapton had said on another thread.

Business can grow organically , ie reinvest profit for the longer term.

Debt does not equal guaranteed return.

Debt = bank taking risk not the business, in recent times.

Thats something which will change. Companies need to seek investors (risk capital) not taxpayers to underwrite them.