Britain's cash for clunkers program has been extended into next year

[NNN0LHI]

http://www.guardian.co.uk/politics/2009/sep/28/mandelson-car-scrappage-scheme

Mandelson announces extension of car scrappage schemeBusiness secretary tells Labour conference that the recession-busting scheme will continue longer than originally planned

Monday 28 September 2009 15.50 BST

Lord Mandelson, the business secretary, announced this afternoon that the government is extending the popular car scrappage scheme.

He said the scheme would cover an extra 100,000 vehicles. It is estimated that so far the scheme has covered 200,000, suggesting the programme will carry on early into the new year. The extension of the programme will cover vans purchased before September 2002.

Mandelson has been pressing the issue in talks with Downing Street and the Treasury, and sources at the Labour party conference in Brighton said that he had won his battle.

The recession-busting scheme has been one of the most effective forms of subsidies to the car industry and has saved tens of thousands of jobs.

[blue_onyx]

1. This was a good program here too

It would have been nice if the program actually covered clunkers though. It was more of a "Cash for Gas Guzzler" program.

[AllentownJake]

2. Pushing Demand Forward

This program is a stupid idea.