Car Scrappage Scheme

Alistair Darling's Budget has been released today for the Budget of 2009. Following on from the previous blog about the car scrappage scheme at the beginning of April, the scheme is set to go ahead.

According to the Financial Times it is due to be implemented next month following the success in some European countries such as Germany and Italy in which it will pay buyers of new cars £2000 if they disposed of their used cars that are more than 10 years old. This will run until March 2010.

Also The Independent have stated that fuel duty is due to increase 2p a litre in September and that there will be further rises of 1p a litre for the next four Aprils.

The AA President said: 'What this means is that the scrappage scheme will be paid for in a year by motorists at the pumps.'

So it looks like good news for the government and not so good news for us motorists. What do you think of the Budget that has been released today?