Quote:
Originally Posted by DaveG28
You missed the bit about our taxes going up to pay the extra for LDV. Also, the deficit affected by that is the balance of trade, not budget deficit (except the lost tax back in by paying our taxes to UK businesses for them to then pay tax on).
The fact is, we had this manufacturing Utopia in the 70's, and that went just great didn't it!! Even without the same competition that's out there now!
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Look at it from another point of view, them jobs lost, were skilled work, if they have managed to get re-employment, it will be semi-skilled, so less pay, and less tax, all be it direct (income tax) and indirect (VAT on items bought). Things are never simple, the job I left through redundancy, paid £22K a year, I would be lucky to get one paying £16K, so that is £6k less earnings to claim income tax and NI on, plus, what is left, I am not spending, then, as I have a family, more Tax Credit too, so they get less from me, and give me more.
There are times where it is better to subsidise than it is, to allow to fold, I am not saying, being allowed to run at catastrophic losses, and not be allowed to be bought and asset stripped either. It is far better to keep a population gainfully employed than to sit on it's butt. The past two governments have systematically stripped the engineering heart out of the UK, through selling of it's government departments, and usually to a far from worthwhile price too.
We live in a hard world, and the way things are going, we are going to be a country that is second class to the world, as we will have no engineering enviroment, to support ourselves, all because we have sold off some world leading organisations.
When I left Military Aircraft maintenance, I was happy to, to be honest, as the ethics we were working to, had changed for the worse, instead of pushing out aircraft, that had be maintained to the highest degree, we were treating like we do, out cars, making sure they are airworthy, but not really fit for purpose, as the cost and time allowed, to fully overhaul was gone. This was borne out by a verdict over an RAF tanker that exploded in flight in Iraq, substandard maintenance due to target driven finances. This is where the country has gone wrong, we expect the best, but dont want to pay the full price.