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UK car scrapping programme proving a success

Against the majority of opinion in the UK, the UK government's car scrappage program has proved to be highly successful in its first month with over 35,000 cars replaced so far. As popularity of the scheme continues to increase there are hopes that this could end the downward spiral experienced by the UK car manufacturing industry over the last few months. However, there is one fly in the ointment in the shape of the £300 million set aside by the government.

The first month alone has seen £35 million spent by the UK authorities and while the initial success has been better than the initial forecast, it does offer the potential for the scheme to run out of funding before the end of year. Initially the scheme had been expected to run until February 2010 although at the current rate there is every chance that the scheme could end short of the date. So far the UK authorities are suggesting, off the record, that no extra funding will be made available to the scheme although with a general election due next year this could change.

The apparent success of the car scrappage program will surprise many across the UK who had been sceptical of the government's chances of making this work.

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