No scrappage scheme under new Government
When asked about the scrappage scheme, Cable said: 'It got us out of an acute stage in the economic crisis, but it was too expensive to run.
'We are emerging from a period of Government intervention. We are now in a different world. The Government can't fight and win a subsidy war.'
Cable said: 'The best way to back the car industry is to create a good business environment. The Government will continue to back industry in a cost effective way.''