Government to allocate manufacturers final scrappage deals
19 January 2010

The government will impose scrappage scheme quotas on car manufacturers, as funding remains for fewer than 82,000 new vehicles.

The quotas will be allocated to manufacturers by the government, based on "brand popularity". However, it is not yet clear whether this means brand popularity under scrappage, or brand popularity under overall car sales.

Business secretary Lord Mandelson said: "I am pleased to see that the scheme has been taken up by so many people, supporting our automotive manufacturers through a very difficult time.

"With limited orders as we near the close of scrappage there is a risk of disappointment for car buyers. I would urge people who are still keen on taking part to put their orders in as soon as possible as time is running out."

Lord Mandelson added that he expects the 'impact' of the scheme to continue into 2010 after the incentive closes.

Scrappage ends on 28 February.

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Comments
4

19 January 2010

Lets just be thankful this disgraceful scheme is coming to an end.

19 January 2010

Yes, because this has been really bad for the general public and also the motor trade, hasn't it?

Get a grip man, this has saved countless jobs in the industry and enabled thousands of families move from an old jalopy to a new and much safer car.

How can that be disgraceful, unless you know something the rest of us don't?

19 January 2010

here here...this was in no way disgraceful...

these comments come from ppl insulated from the impacts that letting recessions 'play out' would have.

wise up.

19 January 2010

usual garbage from narrow vested interests and economics igmoramuses.

Matters not. £400m 'investment' against a borrowing requirement of £200bn annually is like p!ssing into the wind. UK now has the highest price inflation amongst developed nations. Interest rates must go up, but they can't. Raising interest rates from 0.5%, by even a half percent, will crash the housing market - this time for good. So Quantitative Easing and near zero interest rate policy will continue indefinitely, even under a new government, of whatever colour, in May. Inflation will accelerate and the pound collapse, all likely within 2010. This is what 'propping up the economy' and 'protecting real jobs' will have brought, all impossible from a pyramid/Ponzi economy.

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