Alistair Darling, Chancellor of the Exchequer, speech to The Labour Party Conference 2009

The video discusses upcoming legislation aimed at reforming banking practices to prevent short-term profit-driven decisions that could harm the global economy. It highlights measures to end automatic bonuses and ensure payouts are based on long-term performance. Additionally, it outlines economic support initiatives, including tax cuts and schemes to sustain businesses and jobs, particularly in the manufacturing sector.

What is the purpose of the car scrappage scheme mentioned in the text?

In what ways are targeted tax cuts expected to help businesses?