Ministers are expected to announce limited financial aid to British motor-industry following claims by industry leaders that thousands of job losses at stake.
Even though, Lord Mandelson, the business secretary, is expected to make loan guarantees available to the financial arms of car companies to try and get sales moving, industry leaders continue to say it will not be enough to keep their manufacturing plants in operation.
The GMB fears that at least 25% of all car manufacturing jobs could be lost during this economic downturn and Bert Hill, a senior officer for the GMB in the Midlands, said:
“This is the worst time we’ve had. Worse than the 1990’s, worse than the three-day week and the oil-price spike of the 1970’s.”
With a lot of UK plants announcing reductions in their working week recently and several even opting to close their units down completely over the Christmas period, the mood is sombre.
Hopefully, manufacturers and car sales organisations alike, will, in the new year, start to reduce prices in an attempt to entice more spending and those looking to buy could certainly find themselves in a very strong bargaining position.
Make sure you obtain a quote for the annual insurance premium on your proposed new car before completing negotiations, and if really lucky, you may be able to get the car salesmen to throw in free car insurance for a year.
If they don’t, having already got a quote for your annual premium, it’s certainly worth trying to negotiate the purchase price down further to compensate
Consider These:| www.electromotion.co.uk |
| siepi da giardino |