Imports to satisfy scrappage are increasing the trade deficit
26 November 2009

Scrappage has come under attack after it emerged that imports of cars surged in the third quarter of this year, worsening the UK's trade deficit and contributing to the recession.

According to the Guardian newspaper, statisticians have singled out rising car imports as the major contributor to a sharp increase in the trade deficit, to £7.2bn, from £6.5bn in the second quarter of the year.

Despite the fact that exports of British cars are also rising, the Office for National Statistics said the deficit on the UK's car trade rose by £400m over the quarter – equal to the total cost of the scrappage scheme to taxpayers.

Karen Ward, UK economist at HSBC, told the Guardian: "In recent years 85 per cent of the new car registrations were of imported cars. If households diverted consumption away from spending on hotels and restaurants to take advantage of the car scrappage scheme, this may have actually served to depress UK GDP."

Vince Cable, Liberal Democrat Treasury spokesman, said: "I was very concerned about whether the scrappage scheme would primarily provide a financial lifeline to German and Japanese industry, rather than our own.

"I would recognise that the car industry is very interconnected, that some of these imports had British components, but this does show that the scrappage scheme has substantial unintended costs and consequences."

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26 November 2009

[quote Autocar]Scrappage has come under attack after it emerged that imports of cars surged in the third quarter of this year, worsening the UK's trade deficit and contributing to the recession.

According to the Guardian newspaper, statisticians have singled out rising car imports as the major contributor to a sharp increase in the trade deficit, to £7.2bn, from £6.5bn in the second quarter of the year.
[/quote]

firstly, told you so.

secondly, Grauniad, check your bloody figures, you useless Arts and Soc.Sci no-marks. the trade deficit was £7.2bn in September alone, not a quarter. and the Scrappage scheme didn't start till late May 2009:

http://www.statistics.gov.uk/cci/nugget.asp?id=199

third, Vince Cable is an economics guru?:

[quote Autocar]

Vince Cable, Liberal Democrat Treasury spokesman, said: "I was very concerned about whether the scrappage scheme would primarily provide a financial lifeline to German and Japanese industry, rather than our own.

[/quote]

Cable, you plonker, it's Korea that's been in clover off the back of UK taxpayers. Hyundai/Kia have alone taken over one-fifth of all scrappage orders to date. retire use useless buffoon.

[quote Autocar]Karen Ward, UK economist at HSBC, told the Guardian: "In recent years 85 per cent of the new car registrations were of imported cars. If households diverted consumption away from spending on hotels and restaurants to take advantage of the car scrappage scheme, this may have actually served to depress UK GDP."[/quote]

besides Ms Ward, stating the bleeding obvious, is there anyone left in Britain who knows their arse from their elbow or have the lunatics really taken over this nuthouse ?

26 November 2009

[quote kairoo] is there anyone left in Britain who knows their arse from their elbow or have the lunatics really taken over this nuthouse ?[/quote]

Don't know. But the abusive, arrogant, selective-fact-quoting, name calling, told-you-so t0ssers have clearly taken over the forums.

26 November 2009

[quote kairoo]

[quote Autocar]Scrappage has come under attack after it emerged that imports of cars surged in the third quarter of this year, worsening the UK's trade deficit and contributing to the recession.

According to the Guardian newspaper, statisticians have singled out rising car imports as the major contributor to a sharp increase in the trade deficit, to £7.2bn, from £6.5bn in the second quarter of the year.
[/quote]

firstly, told you so.

secondly, Grauniad, check your bloody figures, you useless Arts and Soc.Sci no-marks. the trade deficit was £7.2bn in September alone, not a quarter. and the Scrappage scheme didn't start till late May 2009:

http://www.statistics.gov.uk/cci/nugget.asp?id=199

third, Vince Cable is an economics guru?:

[quote Autocar]

Vince Cable, Liberal Democrat Treasury spokesman, said: "I was very concerned about whether the scrappage scheme would primarily provide a financial lifeline to German and Japanese industry, rather than our own.

[/quote]

Cable, you plonker, it's Korea that's been in clover off the back of UK taxpayers. Hyundai/Kia have alone taken over one-fifth of all scrappage orders to date. retire use useless buffoon.

[quote Autocar]Karen Ward, UK economist at HSBC, told the Guardian: "In recent years 85 per cent of the new car registrations were of imported cars. If households diverted consumption away from spending on hotels and restaurants to take advantage of the car scrappage scheme, this may have actually served to depress UK GDP."[/quote]

besides Ms Ward, stating the bleeding obvious, is there anyone left in Britain who knows their arse from their elbow or have the lunatics really taken over this nuthouse ?

[/quote]

couple of things....

1. is it really necessary to spew bile to make a point? i have a funny feeling you might be mr richard head, whose language i complained about recently.

2. from what i've read, you're not even british. german, i believe. if anybody is going to knock the national treasure that is mr vince cable, it'll be somebody of these isles, not some angry foreigner. now then, control yourself, or i will report you to the editor. kids use this site as well as (supposed) adults such as yourself.

26 November 2009

Kai, you don't understand - it's simply the tone. Whether I agree or not is immaterial (and I don't disagree with everything you say). I'll happily engage in constructive debate but you don't seem to know the difference between a rational discussion with mutual respect on both sides and name calling. It's not just you - it's a problem with internet forums in general but you just seem to be the worst example on Autocar at the moment. I don't know why but people online often take advantage of anonymity to use language in a highly negative and destructive way that makes it almost impossible to maintain any kind of rational dialogue and certainly in a manner that they would never dream of doing if they were using any other medium. It destroys the whole point - and certainly the fun - of forums of this type. If I want to be heckled and hectored, there are plenty of other places to go :)

Anyway, as I said on another thread - see you all in May! Have fun, fellas.

26 November 2009

[quote DavidMR][quote kairoo]

[quote Autocar]Scrappage has come under attack after it emerged that imports of cars surged in the third quarter of this year, worsening the UK's trade deficit and contributing to the recession.

According to the Guardian newspaper, statisticians have singled out rising car imports as the major contributor to a sharp increase in the trade deficit, to £7.2bn, from £6.5bn in the second quarter of the year.
[/quote]

firstly, told you so.

secondly, Grauniad, check your bloody figures, you useless Arts and Soc.Sci no-marks. the trade deficit was £7.2bn in September alone, not a quarter. and the Scrappage scheme didn't start till late May 2009:

http://www.statistics.gov.uk/cci/nugget.asp?id=199

third, Vince Cable is an economics guru?:

[quote Autocar]

Vince Cable, Liberal Democrat Treasury spokesman, said: "I was very concerned about whether the scrappage scheme would primarily provide a financial lifeline to German and Japanese industry, rather than our own.

[/quote]

Cable, you plonker, it's Korea that's been in clover off the back of UK taxpayers. Hyundai/Kia have alone taken over one-fifth of all scrappage orders to date. retire use useless buffoon.

[quote Autocar]Karen Ward, UK economist at HSBC, told the Guardian: "In recent years 85 per cent of the new car registrations were of imported cars. If households diverted consumption away from spending on hotels and restaurants to take advantage of the car scrappage scheme, this may have actually served to depress UK GDP."[/quote]

besides Ms Ward, stating the bleeding obvious, is there anyone left in Britain who knows their arse from their elbow or have the lunatics really taken over this nuthouse ?

[/quote]

couple of things....

1. is it really necessary to spew bile to make a point? i have a funny feeling you might be mr richard head, whose language i complained about recently.

2. from what i've read, you're not even british. german, i believe. if anybody is going to knock the national treasure that is mr vince cable, it'll be somebody of these isles, not some angry foreigner. now then, control yourself, or i will report you to the editor. kids use this site as well as (supposed) adults such as yourself.

[/quote]

priceless! tears to the eyes.

[quote DavidMR]the national treasure that is mr vince cable[/quote]

how much is he worth? we've got a budget deficit to close.

26 November 2009

[quote RobotBoogie]Anyway, as I said on another thread - see you all in May! Have fun, fellas.
[/quote]

do robots hibernate? or are you really a super intelligent hedgehog?

27 November 2009

[quote DavidMR]2. from what i've read, you're not even british. german, i believe. if anybody is going to knock the national treasure that is mr vince cable, it'll be somebody of these isles, not some angry foreigner. now then, control yourself, or i will report you to the editor. kids use this site as well as (supposed) adults such as yourself.[/quote]

So foreigners can't have an opinion in this country anymore?. Sounds like a touch of racism there!. Not a member of the BNP perchance?.

Perhaps this is also worthy of reporting to the editor!.

As for the article, is anyone really surprised that this Government has managed to make a mess of the scrappage scheme?. Not only is the economy being damaged by the number of cars being imported from abroad, the second hand car market is now struggling badly due to a shortage of decent, cheaper used cars being available.


27 November 2009

[quote 4rephill]

[quote DavidMR]2. from what i've read, you're not even british. german, i believe. if anybody is going to knock the national treasure that is mr vince cable, it'll be somebody of these isles, not some angry foreigner. now then, control yourself, or i will report you to the editor. kids use this site as well as (supposed) adults such as yourself.[/quote]

So foreigners can't have an opinion in this country anymore?. Sounds like a touch of racism there!. Not a member of the BNP perchance?.

Perhaps this is also worthy of reporting to the editor!.

[/quote]

report away old bean, as it appears the now-banned kairo wasn't the only person here to have no sense of irony, satire or indeed humour. the term 'national treasure' ought to have spelled it out for you. i was actually going to preface the term 'foreigner' with 'johny', but i thought that would have been too obviously satirical. apparently not...

and no, i'm not a member of the bnp - i am many things, but completely unhinged is not one of them. not that my political affiliations are any of your business - i'm old fashioned enough to believe that one's religion, politics and finances should remain scrupulously private and beyond public discussion. if a few people here held to that view and simply discussed cars, this would be a nicer place all round.

27 November 2009

So then. Another perfectly good and interesting thread ruined by those that can't restrain themselves when Kairoo posts. What's the matter with you? He wasn't attacking you but that didn't stop you (Robot Boogie and DavidMR) attacking him. You obviously don't understand that not everyone is in here to achieve the level of false bonhomie with complete strangers that you are looking for. Grow up!

What is even more typical is that despite it not being his fault nor did he even start the name calling, he was the one that got banned! In the words of one Basil Fawlty : "This is exactly how Nazi Germany started."

27 November 2009

The main point, which is that the scrappage scheme has harmed the economy is still valid in spite of the factual errors by Vince Cable and the Gruniad and the childish insult-trading here. There is only a limited amount of money to go round, no matter how quantitatively you ease the banking system, and a fair chunk of this has been siphoned abroad, especially to Korea.

I am just waiting for the used car bubble to burst, as it inevitably will. The scrappage scheme has only succeeded by paying £2,000 apiece for cars that the trade would have turned its collective nose up at in the first place, so I expect that the current price of secondhand cars will be unsustainble. The money that I save by holding fire on replacing my car should go to fund a couple of pleasant holidays in Britain

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