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What odds on the car scrappage scheme being extended?

With the UK government under intense pressure to extend the car scrappage scheme, the initial response from the UK Treasury has been fairly muted. However, what odds on the UK government coming out with a new car scrappage scheme as we approach the election?

This would appear to be the perfect opportunity for the UK government to put itself forward as the party of change and party for investment. There is no doubt that the UK government will over the next few months be keeping a number of potential investment plans under wraps and releasing them in a blaze of glory as we head for the next general election. Whether you call this intuitive marketing, bribery or selective investment is open to debate, but the government will use its current position to maximise its appeal to voters.

There is no doubt that the car scrappage scheme has made a massive difference to the UK car industry and there is also little doubt that once the scheme ends we will see a dramatic falloff in demand. Quite how the UK government can manage this particular situation in the short to medium term remains to be seen but a dramatic fall in the UK car manufacturing sector just ahead of the election would not make good reading for Labour Party.

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