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Come on Mandy, get yer finger out!

Lord Mandelson needs to sort out car finance and the Scrappage Scheme before it's too late. [ad#ad-1] I’m not a huge fan of Government interference in the market. Whatever they do, they usually screw it up.

GM Sale to Magna Cancelled

GM has cancelled the sale of Opel and Vauxhall to Magna It’s been fraught with problems from the start, but what fire-sale isn’t? The unions have been unimpressed with what Magna were offering. The EU has had a pout and a stomp about the sale.  Lord Mandy has said lots but done little.

UK's emergency Budget 2010: how it affects motorists

Chancellor George Osborne will make the emergency spending cuts on Tuesday 22 June By Tim Pollard Motoring Issues 21 June 2010 09:51 The new UK Government's emergency Budget tomorrow is likely to announce a raft of spending cuts and tax rises bound to affect motorists.  The new Conservative-Liberal coalition government is taking the unusual step of holding an emergency summer Budget to reduce the national deficit, which stood at £156bn in 2009-10. The senior Cabinet members signed off the details of the Budget on Friday, but the details won't be confirmed until Tuesday 22 June 2010.Here's our preview of what to expect if you're a car owner:VAT riseMost pundits agree that the rate of value added tax will rise from today's 17.5%. If raised to 20% – the upper limit expected – it could raise an extra £11 billion a year for Government coffers.