End of road for 'cash for bangers' scheme
THE government's "cash for bangers" car-scrappage scheme ended yesterday having boosted the sale of new cars. Introduced last May, the £400 million initiative has seen owners of older vehicles get a £2,000 discount on a new car.
By July last year, monthly sales had improved year-on-year for the first time in 15 months. Sales have continued to rise since.