What an utterly stupid idea. It's a market economy and people aren't buying cars as often. I run a small business and we are feeling it. When do I get my bail-out?
If you want to protect jobs in the motor industry, take VAT off car repairs and servicing and say make MOTs free. That way you are helping the sector, you're incentivising safety and helping the environment by keeping existing cars in decent nick - all of which are key Government targets.
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If you want to protect jobs in the motor industry take VAT off car repairs and servicing and say make MOTs free. >>
Oh no, that won't do at all.
The government wants us to buy new cars so that they get all the VAT, 1st reg tax, and can tax us on CO2 - don't forget that old cars aren't banded. I reckon it won't be long before they introduce a scrappage rebate like in France, and soon Germany (2,500 Euros).
Edited by boxsterboy on 26/01/2009 at 14:34
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That is so Socialist!
Our government must now take over car production in the UK and produce useless, overpriced, dangerous and out-dated vehicles that will be delivered years into the future.
Oh, and prevent import of those nasty, foreign, well-built and reliable cars that are produced abroad.
Maybe Nissan's new, utilitarian car will be called the Nissan Mandy and a huge dealership will be built in Hartlepool with a statue of the beloved outside (for the locals to urinate upon!).
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Government announces it wants motorists to be green.
Government increases taxes on fuel to discourage usage.
Government raises VED on cars with high levels of CO2.
Government is surprised and shocked when sales of cars fall.
Government has an economic depression caused by out of control bank lending.
Government lends money so consumers can buy more cars.
Perhaps I am being dense but somewhere there are several illogicaltiies if I could only spot them.
Edited by madf on 26/01/2009 at 15:32
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So the Government wants to subsidise the purchase of overpriced vehicles (compared to imported equivalents) which no-one wants (due to their policies) and depreciate rapidly (again due to their policies).
How many toxic car loans in a years time because the car is worth less than the loan, and guess who will pick up the bill.
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Why don't the government just say, buy a new car this year and pay no road tax for 3 years?
MVP
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Sub 120 gram co2 is £35, x3 =£105,not earth shattering is it?
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but the stock that most dealers are finding hardest to sell are high emission vehicals, so these would receive the greatest push
MVP
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As the Government's previous policies were half baked and did not work, it is not clever to suggest more of the same.
Note the Government is using OUR moneyt to bail out Banks and Car Makers.
WE get no choice.
Why not give us each a £1,000 voucher to be used within 12 months to help buy a new car of OUR choice? And another £1000 voucher to give to the banks of our choice for a loan?
Answer? Cos the Government knows best! It will save every failing bisiness - until it runs out of money , they go pop and we are much worse off and no businesses have been saved.
It is utter economic drivel and consumers will vote with their wallets.
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As a boring old, prudent (?) baby-boomer, I have great difficulty in seeing where the debt/loans philosophy is going to get us. I'm afraid that borrowing more money to buy cars is as futile, in the long-term, as borrowing money to obtain useless degrees that no one wants. But alas, this seems to be the way that things are done these days.
I first saw it going wrong 20 or so years ago (mmm, which party was in power then?) when my wife informed me that there was a beautiful new Honda 600 sports bike on display at our local building society. "Ha", I said, in all innocence, "they'll be advertising a savings account - save some money up, and buy a new bike". Of course, when I next called in, it was all about 'borrowing money' to buy the bike! Doh!!!
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Note the Government is using OUR moneyt to bail out Banks and Car Makers. WE get no choice.
The loans to the Banks is to be repaid though, so, in theory, we as taxpayers don't lose out (look at the NR bailout), but is the Car ones the same or will we end up in another British Leyland situation, i.e. good money after bad?
Edited by b308 on 28/01/2009 at 11:26
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So far the Government has pumped about £500 billion into the Banks.
That's about £20Billion to be paid back over the next 25 years.
With roughly 20 million households in the UK, that is £1,000 extra tax per houshold every year.
Plus interest.
Just to pay back what has been lent so far.
It is likely we will see £1,000 billion by the time it is finished.
And on top of all that the structural deficit (ie. the normal one) is around £40 billion a years.
So the Government needs to raise tax by the equivalent of £4,000 per household (some will be paid by business but we consumers will pay in the end) per year to pay it all off over 25 years.
50% base rate of income tax and 30% VAT anyone?
Edited by madf on 28/01/2009 at 11:39
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Sub 120 gram co2 is £35 x3 =£105 not earth shattering is it?
Yes but Jaguar have only two models in their range sub 150 (just) and Land Rover only 2 sub 200 (just) so they would not be giving up 3x£35.
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