I've been predicting this for over a year. I didn't know it had a name 'Osborne effect'. I just spent £3,000 on my ten year old BMW diesel to ensure it runs for another ten years. I do not want to be pushed into buying an fancy electric car anytime soon. The hiatus in sales of new cars will massacre the car industry but is great news for budding mechanics, technicians & parts suppliers who know how to keep old cars going with TLC.