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Lord Mandelson looks to bail out the car industry yet again

The last few weeks have seen Lord Mandelson ditch his newfound reputation and revert to norm with spin again taking centre stage in his world. First of all he suggested that the UK car manufacturing industry should be bailed out with taxpayers money, then he denied saying this, then he introduced a scheme which was backed by a European banking fund. At that moment in time he suggested that this was not a bailout or rescue package but more of a finance issue which would enable car manufacturers to recapitalise their businesses.

However, it has been revealed today that the government is seriously considering an old car for new car exchange all in the name of the "environment" which would see car use in the UK receive payments of up to £2,000 for scrapping their old gas guzzling cars in exchange for environmentally friendly motors. The move has been ridiculed by many consumer groups as a complete waste of money and a rescue package for the car industry in all but name.

It seems that with each and every turn the government make there is something under the surface and what we hear in the press is not always what we see in real life. The trust factor of the Gordon Brown government has been falling for some time, not helped by recent events which have further exacerbated the problem.

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