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France will gradually begin to phase out its scrappage incentive scheme, according to the country’s industry minister.

Christian Estrosi said the French government was now looking to wind down the scheme, despite its success and warnings from Renault CEO Carlos Ghosn.

Ghosn said any withdrawal of scrappage schemes would cause a huge shock to the market and new car sales would tumble once again. Instead, Ghosn said a gradual withdrawal was necessary.

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Now another countries government has taken the plunge to reduce / stop their scrappage scheme, expect the British government to follow suit.....

Yep.

Instead of extending it by a few months (at least) - which is what they should be doing in order to keep many people in jobs - I fully expect Gordon Brown to announce that the scheme will end within 24/48 hours of the French announcement.