Cars: Credit
Commons · Question 26424 · Tabled 27 Jan 2025 · Treasury · Official record
Answered 30 Jan 2025
Question
Asked by Gregory Campbell
To ask the Chancellor of the Exchequer, if she will make an assessment of trends in the level of consumer credit debt relating to car purchases in the last five years.
Answer
Answered by Emma Reynolds, 30 Jan 2025
The Government regularly engages with the Bank of England, the Financial Conduct Authority (FCA) and the Money and Pensions Service (MaPS) to monitor personal finances and debt levels. According to the FCA, 2 million cars were bought on finance in the 12 ...