Adam Smith Institute

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The car scrappage scheme

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In case you hadn't heard by now, car scrappage is the new path to economic nirvana. You take a perfectly serviceable old car and junk it. You then take a portion of the earth's valuable resources and turn them into a new car to replace the old one you just junked. Add a dash of government spin and you have a process that is somehow presented as both economically sensible and environmentally friendly to boot, even although it is clearly neither.

– John Steepek, 'The car scrappage scheme will cost us all in the long run' MoneyWeek