Filed under: News | Other Stuff
UK Government announce Car Scrappage Scheme
Apr 23 2009, 5:00am CDT | by Luigi Lugmayr
In today's budget speech the government has announced a new scheme to help boost new car sales and to stop the UK car Industry from sliding into further misery.
The UK scheme will run until March 2010, which personally i think should of gone on a lot longer, will apply to cars over ten years old.Under the new scheme anyone that owns a car which is ten years of age or older and can prove they have been the registered keeper for more than a year can claim up to £2000 towards the cost of a new vehicle once their old car has been scrapped.
The incentive which is currently being implemented in France, Germany and Italy has already helped reduce the impact of the economic downturn in the motor industry in these countries. More than 800,000 jobs are dependent on the UK motor industry, which currently is in a state of emergency.
I think that the scheme is a really good idea and hope that they increase the length of it and maybe reduce the age limit on the cars as most of the population do not own a car which is ten years old or older, and those that do, do so because they can't afford a new car so £2000 off the price of a new car does not help when you don't have any money in the first place.
Via Sourcewire.
Update:
The Car Scrappage Scheme is extremely successful in Germany, but only helped sell cars for small and budget car makers. BMW and Mercedes do not benefit from this government free cash offer.
Updates
Cast your vote for the best steakhouse in Dallas-Fort Worth
Source: Dallas Morning News
Nothing beats a good steak, especially in Texas.We've set out to find out where our readers go when they're craving beef. Here's your chance to tell us your favorite steakhouse in Dallas-Fort Worth and see h ...
Full article at: Dallas Morning News
More like this 55 minutes ago
Stosur's clay eyes open
Source: The Age
Another shot: Sam Stosur is ready for the French Open. Photo: AFP FOR 10 days after Sam Stosur's first grand slam match as a grand slam singles champion, the US Open winner did not hit a ball. As high as she had soared at Flushing Meadows four months ...
Full article at: The Age
More like this 2 hours ago
Florida's WMDs: Dire Straits Ahead?
Source: WaterWired
Acequias and Adjudication From Eric Perramond: a blog on water rights in New Mexico. Aguanomics The economics of water (and some other stuff), courtesy of economist David Zetland. Alltop Water An aggregation of the top water blogs and their five m ...
Full article at: WaterWired
More like this 2 hours ago
where to buy
Don't miss ...
Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
blog comments powered by Disqus
Latest stories
Microsoft CEO Steve Ballmer is already using the 80-inch Windows 8 Tablet that is supposed to go on sale this Fall.
Samsung launched a cool new commercial featuring the new Smart TV's with Motion control. Watch the ad below now.
- Visit our Homepage for the Latest Rumors, News and Shopping Tips
Featured hubs
Best Ads & Deals features the best deals from Weekly Ads and Online Sources. Check out the best deals available today in-stores and online on Best Ads & Deals.