Buenchico's link is a good one, and it does call for more trials.
There is considerable dispute about this even in America.
In 2009 the US Preventive Services Task Force (USPSTF) made recommendations that mammography should begin at 50 rather than 40, and take place every two years, instead of yearly.
http://www.webmd.com/breast-cancer/features/new-mammogram-screening-guidelines-faq
From Cancer UK site..
"Research is comparing having mammograms once a year to mammograms every 3 years. Some studies show a slight increase in the number of breast cancers picked up with annual screening, compared to 3 yearly screening. But we need more research to see whether this actually saves more women's lives and what effect the higher exposure to radiation from yearly mammograms has."
From the same site a trial from 2002 showed no significant difference (in breast cancer mortality) between 1 year and 3 year screening.
So it's not just a matter of money - conclusive evidence that yearly mammograms are better is lacking.
Obviously for younger women with a strong family history or who are known to have a genetic predisposition the criteria are different.
On a more personal note, would I want yearly mammograms?
No.