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Article: Britain's Pounds 320m gift to its car manufacturing rivals
- Article from:
- The Independent (London, England)
- Article date:
- September 30, 2009
- Author:
CopyrightCopyright 2009 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Ministers launched the car scrappage scheme to rescue the British
motor industry, yet relatively little is going to UK manufacturing,
says Sean O'Grady
Who's been the biggest winner from the British Government's car
scrappage scheme? The clear answer is car workers. Car workers, that
is, in South Korea, India, France, Spain, Slovakia, Poland, Germany,
China, the Czech Republic, Italy, Japan... just about anywhere but
Britain.
Some 86 per cent of the vehicles registered under the scheme so
far have been made abroad, and a generous estimate of the value of
engines and other components made in the UK that find their way back
here via foreign assembled cars and vans would still mean about 8
out ...