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SCRAPPAGE TO LIVE ON?
By Christopher | December 1, 2009
Talking the other day informally to a group of manufacturers and dealers I am becoming more and more convinced that when the Peter Mandelson scrappage cash runs out in the UK we will see “Scrappage Scheme Extended” signs going up in hundreds of showrooms in response. The UK government is putting a very welcome £1000 into each deal and such has been the response I think tailor made self financed schemes will appear everywhere.
After all we are aware that a scrappage scheme is indeed like a drug – very difficult to get off once you get addicted. And £1000 can be dredged up from somewhere – and would offset the unwelcome VAT return to 17.5% from 15% on January 1st.
Christopher Macgowan
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