Brits extend Cash for Clunkers
Just another economical diesel we can’t buy this side of the pond
Lord Mandelson, the business secretary, has announced that the government is extending the popular car scrappage scheme.
He said the scheme would cover an extra 100,000 vehicles. It is estimated that so far the scheme has covered 200,000, suggesting the programme will carry on early into the new year. The extension of the programme will cover vans purchased before September 2002…
The car scrappage scheme was announced in the April budget and allows anyone owning a car that is more than 10 years old to receive a £2,000 subsidy if they buy a new model car. It is thought to have thousands saved of skilled workers’ jobs, keeping unemployment lower than it would otherwise have been.
No British car plant has shut down during this recession, but Jaguar warned last week it intends to close a West Midlands plant, and the future is uncertain for Vauxhall’s factories since the plants were sold by General Motors to Magna, the Canadian car-parts maker…
The scheme helped boost car sales by 28% in August compared with a year ago.
In the U.K., the Tories aren’t quite as sectarian as their conservative counterparts in the U.S.. Our lot would oppose the sun rising in the East if President Obama announced he was in favor of it.