02GF74
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| posted on 14/1/09 at 01:26 PM |
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where is all the money coming from?!?!?
announced today: "A plan to guarantee up to £20bn of loans to small and medium-sized firms to help them survive the downturn is unveiled.
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wasn' t there something last week about some huge sum of money being allocated to help job seekers ?
and latest is to recompense those who had pensions with equity life (?) that went bust 11 years ago?
So where is this government going to find all this money?
I expect we either get high taxes or the mess is left out to be sorted by the conservatories who probalby have to cut surfaces or raise taxes which
will make them unpopular resutling in Gordon being voted in again. He is smart, that man.
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dnmalc
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| posted on 14/1/09 at 01:50 PM |
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where do you think? all of us poor mortals who work for a living again and again and again ........
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smart51
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| posted on 14/1/09 at 02:55 PM |
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The loan guarantee comes at a fee to the bank per loan guaranteed. The fees go into a pot and any defaulted loans are repaid out of the pot (50% of
the outstanding balance IIRC). Run well, the scheme should make money for the tax payer but if lots of people default, you and I will have to pay the
difference.
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smart51
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| posted on 14/1/09 at 02:59 PM |
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quote:
Originally posted by 02GF74
...the mess is left out to be sorted by the conservatories ...
Who will probably sort out that mess and make one of their own. Would the other lot have done any better in this global crisis? The banking system
is the cause of the problem. All governments of any colour can do is deal with the problems that arise.
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JoelP
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| posted on 14/1/09 at 06:34 PM |
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part of the money is coming from HMRC, who have been told to step up investigations.
I got a £292 penalty because a small error in my figures caused them to pay me a few pounds too many on my rebate (they owed my £3600 that year, so £2
didnt even cover the interest they robbed me of  )
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RK
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| posted on 14/1/09 at 08:12 PM |
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IVA fees are bound to help...
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NigeEss
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| posted on 14/1/09 at 10:47 PM |
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Pension funds and big company investors ??
Time is an illusion. Lunchtime doubly so.................Douglas Adams.
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Schrodinger
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| posted on 16/1/09 at 09:57 PM |
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quote:
Originally posted by 02GF74
I expect we either get high taxes or the mess is left out to be sorted by the conservatories who probalby have to cut surfaces or raise taxes which
will make them unpopular resutling in Gordon being voted in again. He is smart, that man.
I doubt that the CONSERVATORIES willl have to cut SURFACES 
But the Conservatives may have to cut Services
[Edited on 16/1/09 by Schrodinger]
Keith
Aviemore
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