Automotive Industry: How Deep is the Well of Public Money?
Automotive Industry: How Deep is the Well of Public Money?
Article by Chantel
The recession’s devastating impact on manufacturing and automotive jobs, has urged the Government to step in. Through initiatives such as the Scrappage Scheme, the Automotive Assistance Programme (AAP) and the Automotive Council, the Government is trying to safeguard uncertain jobs.But they can’t continue to bail out the automotive industry with public money for ever. Sooner or later the well must run dry and who will suffer most then?
Government initiatives
In an attempt to increase manufacturing, the Government brought in and extended the Scrappage Scheme. In coalition with car dealerships, the scheme provided 300,000 UK citizens with a
