The SMMT (the motor industry’s lobbying group) has this week been selling the ‘success’ of the government’s scrappage scheme for old vehicles, with the news that sales are up 6% on a year ago.
Readers (and the BBC which reports the story) should cast a more critical eye over the scheme. Setting aside the senseless waste of destroying tens of thousands of roadworthy cars and the catastrophic damage to the used car market, the real outrage is that the vast majority of the £300m allocated to the scheme ends up in the hands of foreign firms and workers. Of the top ten cars sold in Britain in August, only the Vauxhall Astra (in 7th place) is built here. None of the manufacturers are British.
As we struggle through the recession, Brown and Darling are happily dancing to the tune of the lobbyists, taking money from British firms and workers and dishing it out abroad. More of their stimulus? No thank you.