Sunday 22 April 2018

Car scrappage scheme is lunacy

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

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

Today's news headlines, directly to your inbox every morning.

Don't Miss