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BUDGET 2009 NEWS: Govt to introduce car scrap scheme next month

The Government is introducing a car scrap heap scheme next month in order to help the UK automotives industry.

The new scheme will provide motorists with a £2,000 discount on new cars bought when they trade in cars bought over 10 years ago.

The initiative will be time limited until March 2010.

Darling said: “I want to help the UK’s automotives industry which has been one of Britain’s success stories over the last decade but the loss of the consumer confidence in the credit crunch has led to a sharp fall in vehicle sales around the world.”

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