Staveley Head

Staveley Head

October 02, 2009 01:00 ET

Great Ideas Gordon-But How Do We Pay For Them?

FLINT, UNITED KINGDOM--(Marketwire - Oct. 2, 2009) - The Prime Minister, Gordon Brown's, speech to the Labour Party conference has received a very sceptical reaction in the media. The overall consensus of opinion is that he has told the voting public exactly what they want to hear, a very good idea as we rapidly approach a General Election. No cuts in public spending including the NHS, education and primary services; an increase in welfare benefits and payments; no increase in taxation; and he'll wipe out the National Debt within four years. All noble and worthy sentiments, if only he would tell us where the money is going to come from to provide this Utopia. The economy is already sinking in a quagmire of debt, the obscene amount of which has never before been seen in this country, and the Prime Minister proposes spending more and collecting less.

The Prime Minister has promised a new national investment programme for businesses. He failed to clarify what form this programme would take or the level of funding to be provided in support of the project. By way of contrast, Lord Mandelson, in his speech to conference the previous day made a firm commitment to extend the "cash for scrap" scheme to accommodate a further 100,000 cars and vans. The extended scheme will come to an end in February 2010 or when the cash runs out, whichever happens sooner. The scheme provides an incentive of a £2,000 discount to buyers of new cars and vans when they trade-in their 10 years old or more vehicle.

A spokesman for Staveley Head, one of the country's leading motor trade insurance providers, said "This scheme has been a huge success since it was first introduced and this extension could prove a lifeline to a still very fragile motor industry. The fact that Lord Mandelson has extended eligibility for the scheme to vans which are eight years old, instead of the current ten years, will, I'm sure, be of benefit to many of our clients. Lord Mandelson , perhaps, hasn't done the motor industry too many favours in the last year or so, considering his handling of the LDV demise and his ineffectiveness in securing the long-term future of jobs at Vauxhall's Luton and Ellesmere Port factories subsequent to its sale by GM to Magna, but at least he appears to have got this scheme right."

Staveley Head is one of the UK's leading van insurance brokers and will give you all the advice and assistance you need regarding this matter, including a very competitive insurance quote at www.staveleyhead.co.uk.

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