Scrappage scheme was a disaster
It was disastrous from an environmental point of view, incentivised the scrapping of perfectly roadworthy cars, providing people with a false incentive to purchase new cars they didnât actually need.
From a social equity point of view, the taxpayer is subsidising those who can actually afford new cars. Simultaneously, older and cheaper cars are removed from the market, artificially inflating the prices of the cars that poorer people can actually afford. It âpromoted jobs and investment in the motor tradeâ. But why should the motor trade be so favoured? The hotel trade is presently on its knees. Why not use taxpayer money to provide grants so that people can go on holiday? The retail trade is on its knees. Letâs provide grants for new clothes. And given that pubs are closing throughout the country, letâs provide their customers with grants so as to âpromote jobs and investmentâ in that industry too.




