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Should the UK scrappage scheme be extended

As new car sales improve due to the government scrappage scheme it has now prompted call for the government to extend the scheme and follow suit as the US replenish their Cash for Clunkers similar scheme. The Society of Motor Manufacturers and Traders (SMMT) said the sales of the smallest new cars have increased the most in comparison with this time last year, there has been a 2.4 percent rise across the UK selling new cars which is the first increase since April last year. The Automobile Association, said: "The scrappage scheme has clearly borne fruit, but there is concern the money may run out soon. Read More