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Government set to announce £2000 payment to scrap old cars

In a move which has been rumoured for many months but has yet again been delayed by the UK government there are signs today that Alistair Darling will announce the new £2000 payment scheme to scrap old cars and offer discounts on new more environment friendly vehicles. A similar scheme is in operation in other countries throughout Europe and has proven to be very successful, something which the UK government is determined to follow.

In simple terms, those who choose to scrap their old environmentally unfriendly vehicles will receive a £2000 allowance which they can use towards the purchase of a new or nearly new vehicle. The authorities hope this will not only rubberstamp their green credentials but also revitalise the UK motor industry at a time when manufacturers and sales rooms are struggling. Whether it is too little too late remains to be seen but the scheme will no doubt catch many headlines over the coming months.

However, whether is this a scheme which should be introduced in the middle of a recession is very much open to debate as it is unclear at this moment in time exactly how many of the UK population would be able to partake. Let's not forget that even though there will be a £2000 allowance to be used against the purchase of a new or nearly new car, consumers will still need to find significant funding to cover the balance.

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