Scrappage scheme provides a lifeline

One sector that lobbied hard in the run-up to last week’s budget was the motor industry - and it was one of the few sectors happy with the result.

12th December, 2009

One sector that lobbied hard in the run-up to last week’s budget was the motor industry - and it was one of the few sectors happy with the result.

The motor trade has been devastated by the recession, with consumers postponing car purchases and lenders reluctant to provide financing, which led to plunging sales, job losses and wholesale closures of car dealerships.

The industry hopes that the car scrappage scheme announced in last...

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