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Friday, 19 June 2009

May UK car production was 43% lower than in 2008

Just thought I would mention it.

Of course nobody will be rushing out to buy a new car with the higher duty rates. No doubt Mr Mandelson will be trying to shovel tax payers money into the deadbeat car manufacturers, because he is there to promote "enterprise". He will also claim that it is good value for money because it will mean VAT receipts are higher, even though those receipts will be far less than the money spent.

1 comment:

Demetrius said...

What very few people have worked out is that on the evidence of the local areas I walk round for my daily exercise, many homes seem to have had up to three or four vehicles. If now a lot of homes are not replacing the extra cars, or maybe even getting rid of them as is happening in the USA, then this will have a major effect.