UK CAR SCRAPPAGE SCHEME MAY NOT WORK
July 1st, 2009
BY KEITH NUTHALL
A COMPREHENSIVE report from a European Union (EU) think-tank has indicated that Britain's new Pounds 2,000 old car scrappage scheme may not work, because of high levels of UK personal indebtedness.
The paper 'Recent restructuring trends and policies in the automotive sector' by the Dublin-based European Foundation for the Improvement of Living and Working Conditions has shown how Germany's scrappage scheme has been markedly successful - in contrast to those in other EU member states, such as France and Italy.
A key reason, noted by the report ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.