Paul Kennedy Posted April 28, 2009 Report Share Posted April 28, 2009 I also don't get the point in increasing the limit on Cash Isa's. Having just got around to filing all my stuff away (yes the bin would have been a better place for my ISA statement) I was shocked to see that my Isa (of ?3.5k) WAS giving me approx ?10 a month in interest in October 08 but is now only giving me 70p a month Just over ?8 a year in interest if it stays that way.. YIPPEE You should be able to get ?100 a year interest. Guess you need to transfer it to another bank/building society. Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted April 28, 2009 Report Share Posted April 28, 2009 With regards to the scrappage scheme, I understand that ?1,000 of the ?2,000 is a contribution from the manufacturer.....and there is a view that manufacturers will put their prices up to offset the allowance. Quote Link to comment Share on other sites More sharing options...
observer Posted April 28, 2009 Author Report Share Posted April 28, 2009 So it's all smoke and mirrors?! Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted April 29, 2009 Report Share Posted April 29, 2009 I expect that to be the case. The reality is that whilst you might get a ?2,000 allowance, you will still have to find ?6,000+ to purchase a new car...which of course depreciates substantially in its first year....indeed as soon as it's driven off the forecourt. Quote Link to comment Share on other sites More sharing options...
observer Posted April 29, 2009 Author Report Share Posted April 29, 2009 .... a brand new car, which has spent years rusting away outside the factory?! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.