Would you buy a new car if the Government gave you £2000 to do it? In Germany that’s roughly what you get, provided you scrap one that’s over nine years old. It has meant sales of small cars over there are surging, despite the economic crash. So you won’t be surprised to learn that dealers [...]
So said Business Secretary Lord Mandelson this week as he outlined a package of government support for the struggling domestic car industry. The £2.3bn package was labelled ‘small beer’ by shadow business secretary and former Chancellor Ken Clarke, and queried by manufacturing union general secretary Derek Simpson. Perhaps, but it’s a start.
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