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You are here: Home1 / News2 / Legislation3 / Car scrappage scheme would quickly benefit UK economy – GlobalDa...

Car scrappage scheme would quickly benefit UK economy – GlobalData

Date: 10th June 2020 Author: Andrew Bogie Comments: 0

A car scrappage scheme to boost UK vehicle sales was reported to be unlikely this week, quelling hopes of a subsidised shift towards electric cars. However, according to Calum MacRae, automotive analyst at data and analytics company GlobalData, such a move would benefit the country’s economy. “Just a few days ago, it seemed that a £6,000 new car purchase incentive scheme was close to being signed-off, but it looks like the Treasury is now considering a wider-ranging fiscal stimulus package that will forego specific incentives for the automotive sector.

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Calum MacRae, Coronavirus, GlobalData, government, scrappage scheme

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