JeffA:
bigstraight6:
It will you know, the biggest rollback of living standards for working class people in a generation. You only have to look at what that sick leftie Mayor of London is doing with his ULEZ extension, if you can afford a very expensive Tesla, Audi, Porsche EV you pay nothing, working class plebs running non compliant older vehicles pay. [zb] great for equality that.
Nah, I’ve a 20 year old car I paid £500 for and even that would pass ULEZ. Check the vehicle checker. It seems like the only cars ULEZ will affect are vintage car owners. If you paid more than £60 for a car then you’re fine.
You’ll pay a lot more than £60 for a car that’s in bits these days. Scrappage for old bangers now exceeds £300 for starters…
If you offered me your £60 non-running old banger for £90 - I’d arrange for a pickup vehicle to take it away to the breakers yard without me even taking delivery of it, indeed…
A trade known among traders as “Arbitrage”. You have an agreed sale price for something you’ve not bought yet, and then agree a lower price to buy the goods to then immediately fill the outgoing sale order… A practice done often by hedge funds “going short” which depresses the price meanwhile, thereby closing the arbitrage channel (“The Profit Margin”) in the process for other-■■■-late traders.
Furloughed Oil workers in the US during the lockdown - took on a pallet of 4 barrels each which they’d purchased on the futures market in 2020 for around $-30 per barrel (I.e. got paid $120 to take four barrels away from the oil terminal in Cushing, Oklahoma) came around with their pickup to take away that single pallet of barrels, then stored it for a month (in their own back yards, most likely) before selling it back onto the open market for prices of +$20 per barrel, bringing in another $80 in much needed household subsidy in the process - not to mention “giving the Oilmen something to do with their time” of course.
Everyone is a winner except those who thought stockpiling Oil barrels @ prices above $30 per barrel was a good idea…
The Young Muslim Drivers in their Audis, BMWs, etc that insist on running a car despite the headwinds - will be the main payers of this tax, I would have thought… A lot of these youngsters are driving rather OLD (20 years old plus) versions of the German cars which I never understood why they have such popularity among the young…
As for “Classic Cars” - when did you ever get one of them for <£60 or one of them that doesn’t smoke like f— and seize when you put E10 in it?
As a “Modified” vehicle come tax time - you can presumably expect to pay a fortune to insure a classic car, on the grounds that you’ve put a catalitic converter on it, or paralitic one, bearing in mind E10 is 10% ethanol these days…