Teva From France, joined Jan 2001, 1871 posts, RR: 16
Reply 2, posted (11 years 9 months 3 weeks 2 days 6 hours ago) and read 768 times:
Guess what.... UK Tax payers are not the only ones.... French and German too.
And in fact, it pays twice for tax payers.
First, it helped to create jobs , then reducing unemployment, and the payments to unemployed people. I consider it is better to give money to create jobs rather than giving the money to unemployed people.
And when the company gives the money back, that is even better.
Ecoute les orgues, Elles jouent pour toi...C'est le requiem pour un con
Rick767 From United Kingdom, joined Jan 2000, 2662 posts, RR: 51
Reply 4, posted (11 years 9 months 3 weeks 2 days 6 hours ago) and read 754 times:
I think what this post is trying to highlight is the UK Government "acting the bank" (as all Governments do) and obtaining a large amount of interest from the deal.
To be fair though the interest rate was probably in the order of 5% per annum, which over 14 years would up the repayment due on the £250,000 loan to about £425,000. The other £75,000 (let's say) would be in Royalties, and there's your £500,000.
I used to love the smell of Jet-A in the morning...