Government bail out of Motors UK - Have they dropped the ball?

Car Scrap Scheme What has happened.?

Little seems to have happened in terms of Government bailout of the motor industry since Lord Mandelson announced his £2.3 billion package other than most manufacturers immediately announced increases of around 5%.

The next move is expected to be the introduction of a scrappage scheme as they already have in Europe to encourage drivers to scrap their old bangers for a brand new or nearly new car. Now I’m not sure why the person in the Government should think that this is a good idea or that a person driving an old banger would be in the market for a new car if all they could afford was a cheapo even with the £2,000 proposed payment for the old car.

Since announcing that they may introduce such a scheme the industry has become concerned that since the scheme was mooted many people that may have already been prepared to buy a new car are now waiting to see if they can get £2,000 for scrapping their old car.

The procrastination and confusion is actually damaging new car sales.

Politicians of any shade and commerce make uncomfortable companions when one is clueless about the motivations, influences and requirements of the other.

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