A U.K. National Audit Office report says the country’s car-scrappage scheme, which attracted almost 400,000 new-car buyers, did not represent good “value for money,” because most of those sales would have happened anyway. The program offered a £2,000 ($3,037) discount, half from the government and half from the industry, to trade in a vehicle 10 years or older on a new model. The government originally allocated £300 million ($455.4 million) and later added £100 million ($152 million), ...
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