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Government will not add to scrappage scheme once additional £100M runs out

An extra £100 million extension to the Governments car scrappage scheme came into effect on 22 October, as Lord Mandelson confirmed there will not be any money added after this has gone. Business secretary Lord Mandelson said: Consumers and businesses looking for a new vehicle should make the most of the scrappage scheme now. With the new terms, the Governments scheme makes it accessible to even more consumers but it has to end when the funding runs out.