Incentive scheme

[robert_allen]

The SMMT has been lobbying the government for help for their finance divisions that provide loans to buy cars. It also renewed calls for a scheme to encourage motorists to replace old cars with new ones.

A similar scheme in Germany increased car sales by 22% last month, but so far the UK government has only said it was "looking into" the possibility.

Speaking to the BBC on Friday, Business Secretary Lord Mandelson said there would be no blank cheque for the industry but they had been "encouraging" car manufacturers to apply for European loans.

"We are not just throwing out money willy-nilly, we are not a bail-out fund in the government," he said.

"We have go to ensure that where we can make a difference at the margin we are there."

In January, Lord Mandelson announced a package of government support for the car industry - including a scheme to unlock £1.3bn of European loans - and a government pledge to guarantee up to £1bn of further loans to fund investments in environmentally-friendly vehicles.



Thanks
PlanningYourTax (dot) com

[giving4prosperity]

Thanks for your post, hope to read more of this.

[AffiliateSeeking]

Robert Allen - your post looks a bit more like spam. A post about a random thing and then a sig to your site about tax.

We are not an article site where countless amount of articles get written. We prefer posts that asks questions and then other people reply to help that person asking the question. Many posts like yours never get many replies and doesn't give much importance to this forum.

[chriscash01]

i notice it too., why are so exited to have a sig.,

[tanja]

Thanks for your post! That's really interesting! I'm sure guys like it too!

[andrew39]

Sorry for my ignorance ,but plz tell me what is the SMM???