Monday 20 February 2017

Car scrappage scheme is lunacy

Published 31/05/2010 | 05:00

According to SIMI figures, the scrappage scheme cost the Exchequer €15m in lost revenue.

  • Go To

Ireland does not manufacture cars, so the result is increased imports, which have a negative effect on balance of payments -- the last thing we need in a recession.

Very little work for a massive profit is involved in selling a new car.

Please sign in or register with for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice