Introducing Scrappage – The Hidden Foreign Aid and Fat Cat Income By TITVS ADVXAS

The Scrappage add from the government website.

Announced by New Labour’s Chancellor of the Exchequer, Alistair Darling, in his budget speech for 2009, scrappage is a recent worldwide scheme introduced by several governments to try and bolster the new car market supplies and support their own manufacturing base, whereby in the case of the United Kingdom, £2000 of ‘extra discount’ on the sale prices of new cars to customers is paid by the government provided their current car which has to satisfy certain other criteria, is permanently scrapped.

Other criteria for the scheme apart from ‘being ultimately scrapped’ is:

• Your car (or van) must be first registered on or before August 31st 1999 (up to ‘T’ reg)
• You must have had it registered to you for at least the past year.
• The vehicle must have a valid MOT or one that expired no more than 14 days before the new car order date.
• The vehicle must have a valid road tax disc on the day of order. SORN vehicles do NOT qualify.
• The vehicle must be legally insured on the day of ordering the new vehicle.
• The ownership (registered keeper name and address) details registered on the scrapped car must match the details on the new car.
• The new car (or van) purchased must be brand new, first registered to you.

After the £2000 is stripped down, through the supply chain, the manufacturer in theory gets most of this money.

So if you buy a new car in the UK, £2000 of government subsidy goes to the car manufacturer.

Which manufacturer can you honestly say is based in the UK?

Traditionally known manufacturers like Land Rover, Triumph, MG are all under foreign ownership, as are GM owned Vauxhall, American owned Ford, and certainly not Toyota, Honda or Nissan.

How about Morgan? Aston Martin?

These certainly are British owned car manufacturers, but would you consider those businesses in need of a boost?

Hand made and often bespoke, these car manufacturers traditionally have lengthy ‘waiting lists’ for their cars, and the prospective owners of these cars won’t be doing a 10 year old trade in… Or perhaps they may!

One thing I have been made aware of, by a friend of mine who lives in Solihull (being adjacent to my own neighbourhood, a white working class area of Birmingham, known as Acocks Green, some would call it Birmingham’s well off next door neighbour) is that some business men there, have actually bought an ‘old nail or two’ solely for the purpose of getting extra discount on their new car purchase next year.

An investment of £100 or £200 giving a return of £2000 in just over a year. Beat that one Barclays!

All that I can deduce from this is that 'Scrappage' is yet another form of foreign aid by New Labour and LiLaC, or a means for their wealthy home supporters to wangle a few extra bob.

According to the government’s scrappage website 60,000 cars have currently been scrapped under the scheme.

I'll do the sums for you; That's another £120 million in the first six months in hidden foreign aid.

THIS EQUATES TO TWO HUNDRED AND FORTY MILLION POUNDS A YEAR IN EXTRA HIDDEN FOREIGN AID!

Excuse me please while I vomit...

©TITVS-ADVXAS IV-VIII-MMIX
As Published

Fat Cat Bankers get £400million in bonuses as British pensioners starve By TITVS ADVXAS

Its been revealed that over ten per cent of the money used to bail out our banking system in the last year has been paid out in the form of bonuses to the 'Fat Cats' at the top of that most corrupt of trees.

It's a major embarrassment to both Chancellor Alistair Darling and City Minister Lord Myners, (picture left) who both pledged to halt these excessive and unwarranted payments.

Examples of the payouts come from banks that were given vast amounts of state money, collected from our hard earned taxes include:

• The Royal Bank of Scotland who are now 70% owned by you and I, and managing a reported slight profit, yet they give £170million in bonuses.


• The Lloyds/TSB/HBOS group that still has a red balance sheet, despite being given one of the larger payouts, £17billion (that's £17,000 million) and is now 43% state owned and will honour tens of millions of pounds in bonuses.

Now I'm a reasonably intelligent chap, having attended a grammar turned state comprehensive school (thanks Jim Callaghan!) and passing out with a handful of O' levels, including Latin of course, (to my younger readers, O' levels are what GCSEs used to be called when they meant something) but I can't understand giving a bonus to someone who has failed to deliver?

Banks that didn't need government cash are expected to grant even higher, more obscene amounts to their executives .

Barclays bankers are set for bonus and salary packages worth an average £250,000 from a total bonus pot of around £5billion whilst the HSBC group is also likely to pay out millions.

The worst performer this year is expected to be Northern Rock, which had to be saved by the taxpayer and is expected to reveal losses of about £700million.

The bonus figures will cause particular outrage because many banks are still suffering major operating losses.

Many have been forced to sell off parts of their business to boost their balance sheets.

This has enabled them to report massaged profits, even although the overall state of their finances is bleak, and as bonuses are linked to the headline profit, bonuses are paid at the expense of business loans and payment of insurance claims, which was the prime reason for bailing the banks out.

The banks claim that obscene telephone-number bonuses are crucial to retaining top staff.

Earlier this year it was revealed that London traders with the American investment bank Goldman Sachs, which was rescued by the U.S. government, will each receive £500,000 windfalls this year, and another bailed out U.S. giant, Citigroup, is increasing basic pay by up to 50 per cent to make up for lost bonuses.

This 'business as usual' attitude makes a mockery of the Government's claim to have 'eliminated the culture of greed and reckless risk that has tainted the banking industry'.

Another statistic, which although totally unrelated, is that up-to 5% of pensioner deaths in the United Kingdom is due to neglect, such as starvation and hypothermia.

Or is it unrelated?

What if we hadn't given the £40billion pounds to the banks?

£40,000million pounds divided by 10million pensioners equals a massive Christmas bonus (which if inflation linked from its inception would be nearly £100 instead of still £10)!

©TITVS-ADVXAS III-VIII-MMIX
As Published