Car firms were also offering discounts alongside the scrappage scheme which was merely an extra inducement to buy. Discounts were not banned during this period.Quote:
Originally Posted by Bolton Midnight
Car sales rose during the scrappage scheme though not to pre-crunch levels, but enough to tide the car industry by. Therefore it was not a failure.
Dropping VAT by a mere 2.5% did little to boost sales but meant that tax income dropped substantially and retailers had to spend a lot of money doing the number crunching and repricing that came with it. Smaller businesses were hit harder with those costs. The VAT cut was worthless. You really do choose the oddest things to criticise the labour government on.Quote:
Originally Posted by Bolton Midnight