Lord Mandelson's rescue of the UK car industry was unveiled yesterday. Amounting to only a couple of billion, it did not seem to include any incentives for the Great British Public to go out and buy a car. On BBC Breakfast this morning economist Ruth Lea dropped her microphone but could still be clearly heard stating that the plan did not address the lack of credit faced by potential buyers of cars.
www.searchaccountant.co.uk
The government could launch incentives to scrap old cars and replace them "greener" ones similar to the programmes in Germany and Spain.
You have to feel sorry for the car industry given the largesse thrown at the banking sector. I suppose the government feels that there are other industries in the queue.
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You're right I'm sure the government did think that public funds needed to be prioritised after the huge bank bailouts and accountants in durham could see that the government coffers were somewhat depleted!
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