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The UK's car scrappage scheme may not work, according to the European Foundation

A comprehensive report from a European Union (EU) think-tank has indicated that Britains new £2,000 old car scrappage scheme may not work, because of high levels of UK personal indebtedness.The paper Recent restructuring trends and policies in the automotive sector by the Dublin-based European Foundation for the Improvement of Living and Working Conditions has shown how Germanys scrappage ...