Another supporter of a UK car scrappage scheme has raised their head above the parapets. This time the Confederation of British Industry (CBI) has come out in favour of such a scheme and in its press release entitled “CBI CALLS FOR BUDGET TO BUILD CONFIDENCE AND COMPETITIVENESS” has called on the chancellor to introduce ”.. temporary measures to stimulate demand for low-carbon goods and boost consumer and business spending, including a scrappage scheme for cars, vans and domestic appliances.”
They also go on to say that that the cost to the government of such a scheme would be outweighed by the benefits.
John Cridland, CBI deputy director general, said: “Scrappage schemes, at a relatively modest exchequer cost, would encourage consumers and businesses to replace old inefficient cars and vans, fridges and washing machines with the latest efficient models.
“Not only would this bring forward consumer and business spending, it would also help reduce carbon emissions.”