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CITY VIEWS: HAS THE CAR SCRAPPAGE SCHEME PROVED TO BE AN EFFECTIVE INITIATIVE?

<strong>DANIEL NOYCE </strong> OCE<br />&ldquo; It&rsquo;s a genius idea by the chancellor as it creates more revenue for the Treasury. They recoup more than &pound;2,000 on car taxes etc, and all under the pretext of stimulating the economy. But it also raises questions over scrapping cars for the sake of it.&rdquo;<br /><br /><strong>PHIL HEALY</strong> WILLIS<br />&ldquo;I think that it is a good initiative and it would tempt me if I had an old car. But I don&rsquo;t think many people in the City do have cars over 10 years old. Those consumers who do would probably find that getting credit is harder, so there is a barrier there.&rdquo;<br /><br /><strong>ROBERT BOULTWOOD </strong> TALBOT UNDERWRITING<br />&ldquo;I guess if it is stimulating purchases then it is a good thing. But there are so many discounts out there, I think that consumers can negotiate a good deal either way. Economically it makes sense, but it does seem a terrible waste of some good cars.&rdquo;