Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a strong rise in UK car production for the month of January.
Car production surged 64.8% against the same month a year ago – this represents the biggest year-on-year increase in monthly production since May 1976, according to the SMMT.
The SMMT said there [...]
The Society of Motor Manufacturers and Traders (SMMT) has today revealed sales of new cars grew by 29.8% in January compared with the same month in 2009, boosted by the Government’s scrappage scheme.
The £400 million initiative, which was launched last May to boost the ailing car industry, pays drivers of cars at least 10 years [...]
The UK car scrappage scheme has been extended for one month – until the end of March.
The scheme, dubbed cash for bangers, was due to expire at the end of this month (or until funds ran out).
However no extra funds will be provided for the scheme but the Government said the extension would give dealers [...]
The Daily Mail has reported that the Bank of England is set to extend its quantitative easing (QE) scheme by as much as £25 billion next year.
QE, also known as printing money, is a process whereby the Treasury injects funds into the financial system to ease pressure on banks by giving them extra capital. [...]
In yesterday’s pre-Budget report, Chancellor of the Exchequer Alistair Darling confirmed that the Government’s Support for Mortgage Interest scheme will be extended for another six months.
The scheme was introduced earlier this year, with the intention of helping mortgage borrowers remain in their homes if they suffer a temporary fall in income, but are expected to [...]
Business Secretary Lord Peter Mandelson has confirmed this afternoon that the scrappage scheme will be extended to cover an additional 100,000 cars and vans.
The scheme branded ‘cash for bangers’, which was launched on 18 May, was originally intended to allow 300,000 cars to be traded in.
The £300 million initiative was expected to run until the [...]