» Wednesday, January 28, 2009

Motor Industry

Asked for the Prime Minister s response to charges that the package announced yesterday by Lord Mandelson wasn t enough, the PMS said that the Government felt this was a well-timed and well-targeted package aimed at specific issues the industry was currently facing. Whenever announcements of this kind were made there would be criticism saying the Government should do more, but we felt that this package was well targeted and focused on many of the issues we currently faced.

Asked if there was an argument to do more to help the financing arm of the motor industry, the PMS said that this was something that the new Trade and Investment Minister, Mervyn Davies was looking at. Yesterday was about direct support for the car industry. We needed to look at some of the financing issues in the wider context of what we were doing in order to ensure that we got credit moving around the economy.

Put that, in principle, the Prime Minister would like to do something to support the financing arm of the industry, the PMS said that we had asked Mervyn Davies, a man of great experience and knowledge in this area, to draw up a plan.

original source.

Briefing took place at 11:00 | Search for related news

1 Comment »

  1. There is no point in giving money to the motor industry, just to keep it afloat. The money should be given in the form of grants and loans to the car buying public to enable them to scrap older cars and buy new less polluting vehicles. This would clear the huge numbers of new cars in “store” and remove older vehicles from the road (a condition of the grant).

    As for VAT, it should have been increased to 18% or more and not decreased.

    Comment by harry pritchard — 21 Feb 2009 on 11:23 am | Link

RSS feed for comments on this post.

Post a public comment

(You must give an email address, but it will not be displayed to the public.)
(You may give your website, and it will be displayed to the public.)


This is not a way of contacting the Prime Minister. If you would like to contact the Prime Minister, go to the 10 Downing Street official site.

Privacy note: Shortly after posting, your name and comment will be displayed on the site. This means that people searching for your name on the Internet will be able to find and read your comment.

Downing Street Says...

The unofficial site which lets you comment on the UK Prime Minister's official briefings. About us...


January 2009
Mon Tue Wed Thu Fri Sat Sun
« Dec   Feb »

Supported by


Disruptive Proactivity

Recent Briefings



Syndicate (RSS/XML)



Contact Sam Smith.

This site is powered by WordPress. Theme by Jag Singh