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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.”


Convertible appeal

To state the obvious, anything with a yield these days seems to be drawing attention. There has been a raft of equity income fund launches and a stunning £3bn in net inflows into bond asset classes in the first two months of the year, high-lighting the strong appeal of yield.

Expats can get FSCS protection

AES International has launched a whole of market wrap platform which includes a managed banking service to help expatriates get protection under the UK Financial Services Compensation Scheme.

SHIP hails capital disregard hike

Safe Homes Income Plan has hailed the Government’s decision to raise the capital disregard levels to £10,000, which is now in line with many equity release drawdown minimums.


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