Confused.com welcomes car scrappage scheme
www.moneynews.co.uk > General finance > Confused.com welcomes car scrappage scheme
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Confused.com welcomes car scrappage scheme
Wed 22nd Apr 2009
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Will Thomas, head of motor insurance for the price comparison website, described the plan as "fantastic".
The proposed scheme would see the government offering motorists grants of up to £2,000 to trade in old vehicles for newer, more fuel-efficient models.
It is hoped that the car scrappage scheme would benefit the environment as well as providing a boost to the car manufacturing industry.
Will Thomas added: "New car registrations fell by more than 30 per cent last month alone, so a confidence boost by way of this incentive would be a welcome move to kick-start the car market again."
Recently, research conducted by uSwitch.com suggested that around 250 million people in the UK would seek to take advantage of the car scrappage scheme, should it be introduced.
Click here for more insurance news
Related News : General finance |
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Related News : Confused.com |
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